Financial Results Approval

The Board of Directors at their meeting held on October 23, 2026, approved the Un-audited Standalone and Consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report, pursuant to Regulation 33 of SEBI Listing Regulations.

Statutory Auditors S R Batliboi & Associates LLP issued unmodified Limited Review Reports for both standalone and consolidated financial results for the quarter and half year ended September 30, 2026.

Standalone Financial Performance (Rs. in Millions)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹38,120 (Q2 FY26: ₹23,827; Q1 FY27: ₹30,804)
  • Other income: ₹724 (Q2 FY26: ₹2,316; Q1 FY27: ₹1,194)
  • Total income: ₹38,844 (Q2 FY26: ₹26,143; Q1 FY27: ₹31,998)
  • Total expenses: ₹35,702 (Q2 FY26: ₹21,818; Q1 FY27: ₹28,751)
  • Profit before exceptional items and tax: ₹3,142 (Q2 FY26: ₹4,325; Q1 FY27: ₹3,247)
  • Exceptional items: ₹274 (acquisition and integration costs related to Encora acquisition)
  • Profit before tax: ₹2,868 (Q2 FY26: ₹4,325; Q1 FY27: ₹2,783)
  • Total tax expense: ₹765
  • Profit for the period: ₹2,103 (Q2 FY26: ₹3,623; Q1 FY27: ₹2,046)
  • Basic EPS: ₹4.75 (Q2 FY26: ₹10.42; Q1 FY27: ₹4.87)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹68,924 (H1 FY26: ₹44,286)
  • Other income: ₹1,918 (H1 FY26: ₹3,605)
  • Total income: ₹70,842 (H1 FY26: ₹47,891)
  • Profit before tax: ₹5,651 (H1 FY26: ₹6,527)
  • Profit for the period: ₹4,149 (H1 FY26: ₹7,223)
  • Basic EPS: ₹9.61 (H1 FY26: ₹20.78)

Consolidated Financial Performance (Rs. in Millions)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹61,708 (Q2 FY26: ₹40,164; Q1 FY27: ₹55,277)
  • Other income: ₹512 (Q2 FY26: ₹268; Q1 FY27: ₹244)
  • Total income: ₹62,220
  • Total expenses: ₹53,406
  • Profit before exceptional items and tax: ₹8,546 (Q2 FY26: ₹5,582; Q1 FY27: ₹7,571)
  • Exceptional items: ₹557 (acquisition costs of ₹627M offset by legal recovery of ₹70M)
  • Profit before tax: ₹7,989 (Q2 FY26: ₹5,582; Q1 FY27: ₹7,021)
  • Total tax expense: ₹1,940
  • Profit for the period from continuing operations: ₹6,049 (Q2 FY26: ₹4,254; Q1 FY27: ₹5,317)
  • Basic EPS (continuing operations): ₹13.27 (Q2 FY26: ₹11.21; Q1 FY27: ₹12.34)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹116,985 (H1 FY26: ₹77,208)
  • Profit before tax: ₹15,010 (H1 FY26: ₹9,236)
  • Profit for the period from continuing operations: ₹11,366 (H1 FY26: ₹7,116)
  • Basic EPS (continuing operations): ₹25.63 (H1 FY26: ₹18.59)

Segment Information (Consolidated)

Quarter Ended September 30, 2026:

  • Americas revenue: ₹38,935
  • EMEA revenue: ₹15,202
  • ROW revenue: ₹7,571
  • Total revenue: ₹61,708

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total assets: ₹297,036 million (March 31, 2026: ₹115,789 million)
  • Total equity: ₹203,715 million (March 31, 2026: ₹84,537 million)
  • Borrowings: ₹55,677 million (March 31, 2026: ₹744 million)

Appointment of Statutory Auditor

The Board, based on Audit Committee recommendation, approved the appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a 5-year term commencing from the conclusion of the 35th AGM (2027) until the conclusion of the 40th AGM (2032), subject to shareholders' approval.

Current auditor S R Batliboi & Associates LLP will continue until the conclusion of the 35th AGM in 2027.

US Entity Establishment

The Board granted in-principle approval for setting up a new entity "Momentuum Blue" in the USA for building a talent pool of Forward Deployed Engineers (FDE). Incremental details will be shared in due course.

Subsidiary Liquidation

The Board took note of the voluntary liquidation/winding up of Digital Mobile Innovations Italy S.R.L., a step-down wholly owned subsidiary in Italy. The liquidation was initiated in September 2025 prior to Coforge's acquisition of Encora and has been completed with the entity formally dissolved/closed as of September 21, 2026.

Management Changes

  • Mr. O. P. Bhatt, Non-Executive Independent Director and Chairperson, resigned effective September 8, 2026
  • Mr. D. K. Singh, Non-Executive Independent Director and NRC Chairperson, resigned on September 10, 2026
  • Mr. Akhil Kumar Gupta appointed as Non-Executive Independent Director for five-year term effective September 29, 2026 and designated as Chairperson, subject to shareholder approval

ESOP Grants

During the period, the company granted 940,500 stock options at grant price of ₹1,391 under Employees Stock Option Plan 2005 with 1-5 year vesting based on performance.

Acquisition Impact

The company completed acquisition of 100% equity interest in Encora US Holdco, Inc. and Encora Holdings Ltd. on April 23, 2026. Purchase consideration included share swap arrangement and cash consideration funded through borrowings. Goodwill of ₹120,964 million recognized on provisional basis.

The Board meeting commenced at 10:35 AM IST and concluded at 3:56 PM IST on October 23, 2026.