Coforge Q2 FY26 Earnings Results: Revenue Up 8.1% QoQ, EBIT Margin Expands 251 bps

Coforge Limited reported strong financial results for the quarter ended September 30, 2025. 

Coforge Q2FY26 Earnings Highlights

The company’s revenue for Q2FY26 reached ₹3,986 crore ($462 million), reflecting an 8.1% sequential growth in INR terms, 5.9% in constant currency, and 4.5% in USD terms. Compared to the same quarter last year, revenue grew 31.7% in INR terms, 25.7% in constant currency, and 26.6% in USD terms. 

The company achieved an EBIT margin of 14%, expanding 251 basis points sequentially and 240 basis points on a year-on-year basis. EBITDA for the quarter stood at $84 million, up 11.5% QoQ and 42% YoY, with an EBITDA margin of 18.3%, up 115 bps sequentially and 199 bps YoY. Profit after tax (PAT) rose to ₹376 crore, an increase of 18.4% QoQ and a strong 86% YoY. 

Dividend Announcement

The Board of Directors has recommended an interim dividend of ₹4 per share, with the record date set for October 31, 2025.

Business Performance and Order Momentum

Coforge maintained robust order momentum during the quarter. The company secured $514 million in total contract value (TCV) during Q2FY26. Its executable order book for the next 12 months now stands at $1.63 billion, up 26.7% compared to the same period last year. 

The quarter also saw the signing of five large deals across North America and the APAC region, demonstrating continued traction in high-value contracts. This large deal pipeline, coupled with a strong sales execution engine, underpins Coforge’s growth prospects for FY26.

Coforge Share Price Movement

Coforge share price (NSE: COFORGE) closed at ₹1,760.00 on October 24, 2025, up ₹5.30 or 0.30% for the day. The stock opened at ₹1,769, reached a high of ₹1,775, and a low of ₹1,747.10 during intraday trading. Coforge has a market capitalisation of ₹10,880 crore and a price-to-earnings (P/E) ratio of 59.61. The stock’s 52-week high is ₹2,005.36, while the 52-week low is ₹1,194.01. Coforge offers a dividend yield of 0.88%, with a quarterly dividend amount of ₹3.87.

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Conclusion

Coforge continues to demonstrate strong financial and operational performance in Q2FY26. With a healthy pipeline of large deals, expanding margins, disciplined workforce management, strategic partnerships, and multiple recognitions for governance and workplace culture, Coforge is well-positioned to sustain robust growth and maintain its leadership in global IT services and digital solutions.

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