Coforge Q2 results: PAT up 86% YoY to Rs 376 crore, revenue up 32%

Mid-market IT services company Coforge on Friday reported 86% year-on-year growth in its net profit for the quarter ended September at Rs 376 crore, compared to Rs 202 crore in the year-ago period. The profit after tax (PAT) was attributable to the owners of the company. The company’s operating revenue in the July-September quarter stood at Rs 3,986 crore, compared to Rs 3,026 crore in the second quarter of FY25, marking a spike of 32% year-on-year.

The Coforge board has approved an interim dividend of Rs 4 per share, with October 31, 2025 as the record date.

Operating income increased 18% sequentially, while operating income increased 8% quarter-on-quarter.

In dollar terms, Coforge’s revenue was $462 million, up 4.5% quarter-on-quarter, while in CC terms, revenue rose 6% sequentially.

The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 728 crore in the quarter under review, up 15.3% quarter-on-quarter and 48% year-on-year, while EBITDA margin was reported at 18.3%, up 115 basis points quarter-on-quarter and 199 basis points year-on-year.

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Second quarter business highlights

— Order intake of $514 million was recorded during the quarter, with five major deals signed in the second quarter

— Order book available for execution over the next 12 months reached $1.63 billion at the end of the quarter, up 26.7% year-over-year

— 9 new logos opened this quarter

— IT Attrition (LTM) stood at 11.4% and remains one of the lowest in the IT services sector, the company said in filings with the stock exchanges.

Management commentary

Commenting on the company’s performance in the second quarter, Chief Executive Officer and Executive Director Sudhir Singh said: “The sequential INR growth of 8.1% in the second quarter, a signed order book for the next twelve months that is up 26.7% year-on-year, a sales execution driver that signed 14 major deals last year and has already closed 10 major deals in the first half of this year, a EBIT margin expansion of 250 basis points quarter on quarter, coupled with one of the lowest employee turnover in the industry all points to what we believe will be an exceptional fiscal year26.”

The company remains steadfast in its commitment to deliver sustained and robust growth for the ninth year in a row despite uncertain macros, he added.

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