Key Financial Highlights (Quarter Ended September 30, 2026)
- Revenue: INR 61,708 Mn / USD 652.2 Mn, representing 53.6% YoY growth in INR terms and 40.1% YoY growth in USD terms
- EBITDA: INR 12,697 Mn / USD 134 Mn, representing 67.3% YoY growth in INR terms and 52.6% YoY growth in USD terms
- EBITDA Margin: 20.6%, increased by 168 basis points YoY
- EBIT: INR 9,847 Mn / USD 104 Mn, representing 67.8% YoY growth in INR terms and 53.0% YoY growth in USD terms
- EBIT Margin: 16.0%, increased by 134 basis points YoY
- PAT: INR 5,881 Mn / USD 62 Mn, representing 56.5% YoY growth in INR terms and 42.7% YoY growth in USD terms
Key Business Highlights
- Order Intake: Total Contract Value (TCV) of $1.04 Bn for the quarter
- Executable Order Book: Next 12 months signed order book at $2.38 billion, representing 45% YoY increase
- Large Deal Momentum: Eight large deals signed in the quarter across North America, Europe, and Australia - the highest number signed in a single quarter
- LTM Attrition: 10.4%, same as last quarter
Strategic Initiatives & Launches
- Launched Momentuum blue, a specialized Forward Deployed Engineers (FDE) operating unit focused on transforming enterprise knowledge into production systems
- Expanded Kraków Engineering Center in Poland as a strategic AI engineering and nearshore delivery hub
- Introduced CXNova, an agentic customer experience (CX) orchestration platform for enterprise personalization and engagement
Guidance Update
- FY27 EBIT Margin Guidance: Raised from 15.5% to 16.0%
- FY28 EBIT Margin Target: 17.0%, with ambition to be among top three scaled IT services firms on margins while maintaining growth momentum
Management Commentary
Sudhir Singh, Chief Executive Officer and Executive Director, stated: "The 10.1% sequential growth and 40.1% YoY growth in US dollar terms, a 3.8% sequential organic cc growth, a next twelve month signed order book of $2.38 billion, an order intake of over $1 billion and eight large deals, the most the firm has ever signed in a single quarter, have put us firmly on course to be the industry growth leader for the third year running."
Recognitions & Awards
- "Leader" in Six Categories in NelsonHall AI-Enabled Cloud Infrastructure Management Services NEAT 2026
- "Leader" in HFS Non-linearity index for CY Q4 2025 & Q1 2026
- "Leader" in Application Development Application Managed Services US in 2026 ISG Provider Lens® AI-Driven ADM Services
- "Leader" in Everest Group's Quality Engineering (QE) for AI Applications and System PEAK Matrix® Assessment 2026
- "Leader" across US and UK in AI-ready Infrastructure Managed Services Midmarket segments in 2026 ISG Provider Lens® Private/Hybrid Cloud — Data Centre Services
- "Leader" in Azure Managed Services US in 2026 ISG Provider Lens® Microsoft AI and Cloud Ecosystem
Partnership Achievements
- Achieved AWS AI Competency, a global designation for proven expertise in delivering AI solutions on AWS
- Achieved Zscaler Delivery Services Authorization (DSA), recognizing delivery capabilities across the Zscaler platform
Company Description
Coforge is an AI-native engineering services leader where AI is the foundation of how they design, build, and deliver intelligent solutions. The company combines AI agents with an AI-enabled workforce, including specialized Forward Deployed Engineers in hybrid pod-based delivery units, focusing on secure, governed, enterprise-grade trusted AI solutions.
Forward-Looking Statements Disclaimer
The document contains forward-looking statements regarding business outlook, strategic plans, and financial expectations, subject to risks and uncertainties including client performance, business strategy implementation, competitive pressures, COVID-19 impacts, employee retention, and legal/regulatory proceedings.
Securities Offering Disclaimer
This communication is not an offer to sell securities in the United States or elsewhere. A Registration Statement on Form F-1 relating to certain securities has been filed with the U.S. SEC but has not yet become effective.
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