Coforge Q2 net profit rises to ₹376 crore, beats estimates; declares ₹4 interim dividend

IT solutions firm Coforge Ltd on Friday (October 24) reported a net profit of ₹375.8 crore for the September quarter (Q2 FY26), rising 18.4% sequentially from ₹317.4 crore. The figure surpassed CNBC-TV18’s estimate of ₹357 crore.

Revenue for the quarter stood at ₹3,985.7 crore, up 8% quarter-on-quarter from ₹3,688.6 crore, though slightly below the poll estimate of ₹4,075 crore. In dollar terms, revenue came in at $462 million, compared with $442 million in Q1, while analysts had projected $469 million.

Operating performance improved sharply, with EBIT rising 34% sequentially to ₹560 crore from ₹417.8 crore. The EBIT margin expanded to 14% from 11.4% in the previous quarter, exceeding the 13.6% margin expected by CNBC-TV18.

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The company reported a total contract value (TCV) order intake of $514 million for the quarter, supported by continued momentum in large deals. The company signed five large deals during the period across North America and the Asia-Pacific region.

The executable order book for the next twelve months stood at $1.63 billion, marking a 26.7% year-on-year increase. Coforge’s headcount reached 34,896, with a net addition of 709 employees sequentially. The company maintained an attrition rate of 11.4%, among the lowest in the industry.

Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd, said, "The 8.1% sequential INR growth in Q2, a next twelve-month signed order book which is 26.7% higher YoY, a sales execution engine that signed 14 large deals last year and has already closed 10 large deals in the first half of this year, an EBIT margin expansion of 250 bps QoQ, coupled with one of the lowest employee attrition rates across the industry are all pointers to what we believe will be an exceptional fiscal’26."

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The company’s board declared a fourth interim dividend of ₹4 per share for the financial year. Shares of Coforge Ltd ended at ₹1,760.00, up by ₹5.30, or 0.30%, on the BSE.