Coforge Limited has reported its financial results for the quarter ended June 30, 2026, posting a 49% year-on-year rise in consolidated revenue and a 110% jump in net profit, driven largely by the integration of its Encora acquisition.
Shares of the IT services firm rallied over 9% on the back of the results on Tuesday morning.
Revenue and profitability surge
The Greater Noida and Princeton, NJ-headquartered company reported revenue of INR 55,277 million (USD 592.2 million), up 49% YoY in rupee terms and 33% in dollar terms.
EBITDA came in at INR 11,233 million, up 74% YoY, with EBITDA margin expanding 285 basis points to 20.3%. EBIT rose 101% YoY to INR 8,822 million, with margin improving 414 bps to 16.0% — ahead of the company’s 15.5% FY27 guidance. Profit after tax stood at INR 5,186 million, up 110% YoY in rupee terms (46% in dollar terms).
Coforge dividend announcement and record date
The board also recommended an interim dividend of INR 4 per share, with a record date of August 3, 2026.
Order book and business momentum
The company’s executable order book over the next 12 months stood at $2.23 billion, up 27% quarter-on-quarter and 44% YoY, while fresh order intake for the quarter was $691 million. Four large deals were signed across North America, Europe and Latin America.
Coforge CEO and Executive Director Sudhir Singh said the quarter’s performance “reflects the strength of our differentiated capabilities and an execution intensity that is uniquely our own,” adding that with 86% of revenue now coming from AI-led engineering, data and cloud services, the company is positioned to be “the industry growth leader for the third year running.”
Encora integration and new launches
The quarter’s numbers include two months of contribution from Encora following its consolidation effective May 1, 2026, which added $100.7 million to revenue. The acquisition’s purchase price allocation was pegged at $1,490 million, with goodwill of $1,328 million.
Separately, Coforge launched “Coforge Nuuron,” described as an AI operating system for enterprises, alongside the NEXA Agentic AI Platform for insurers and Aeronova.AI, a framework aimed at helping airlines transition from PNR-based systems to order-led retailing.
Recognition and market reaction
Coforge was named a “Leader” in several industry studies during the quarter, including ISG’s Digital Engineering Services 2026 Provider Lens study across the US and Europe. On the stock front, Coforge shares were trading around ₹1,669 apiece, up ₹140.60 (9.20%) on the day, following the results announcement.
