Coforge Announces Robust Third Quarter Financial Results
IT solutions provider Coforge has reported impressive financial performance for the third quarter of the fiscal year 2026, demonstrating significant growth across key metrics. The company's consolidated net profit surged by 16 per cent year-on-year to reach ₹296.7 crore for the quarter ended December 31, 2025.
Year-on-Year Growth and Revenue Highlights
This profit figure marks a substantial increase from the ₹255.9 crore recorded during the corresponding quarter of the previous fiscal year. The company disclosed these details through a regulatory filing, highlighting its sustained financial momentum.
Furthermore, Coforge's consolidated revenue from operations exhibited even stronger growth, climbing by 28.5 per cent to ₹4,188.1 crore in Q3 FY26. This represents a significant rise from the ₹3,258.1 crore reported in the December 2024 quarter.
Management Commentary on Sequential and Annual Performance
Sudhir Singh, Chief Executive Officer of Coforge, emphasized the strength of these results, particularly given seasonal trends. "The company posted 5.1 per cent sequential growth in the December quarter, which is a seasonally weak quarter, along with 28.5 per cent year-on-year growth," Singh stated. He also noted that the period saw the signing of six large deals, underscoring continued business traction.
Singh expressed strong confidence in the company's future trajectory, pointing to a growing order book. "A 30 per cent year-on-year increase in the next 12-month executable order book, and a robust large deals pipeline, gives us the confidence of maintaining our strong and sustained growth through both FY26 and FY27," he added.
Strategic Initiatives and Future Outlook
The CEO also highlighted strategic developments, including the impending combination with Encora. "Furthermore, the USD 2 billion core of Data, Cloud and AI-led engineering that will be created after Coforge and Encora come together, sets us up for sustained outperformance in the years to come," Singh remarked, outlining a vision for technology-driven growth.
Key Operational Metrics and Workforce Details
Operational data revealed several positive indicators:
- The company secured orders worth USD 593 million during the quarter.
- The executable order book for the next 12 months expanded by 30.4 per cent on a year-on-year basis to USD 1.72 billion.
- Total headcount increased by 445 employees, bringing the workforce to 35,341.
- The attrition rate showed improvement, declining to 10.9 per cent from 11.4 per cent in the preceding quarter.
These results collectively paint a picture of a company experiencing robust financial health, expanding its order pipeline, and investing in strategic areas like data, cloud, and artificial intelligence to fuel future expansion.
