Coforge Limited , a global digital services and solutions provider, has announced strong financial results for the first quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

Coforge reported a substantial increase in revenue for Q1 FY26, with consolidated revenue reaching ₹36,886.00 million ($442.40 million), marking a 56.5% year-over-year growth in INR terms and a 54.5% growth in USD terms. The quarter-over-quarter growth stood at 8.2% in INR and 9.6% in USD.

The company's EBITDA margin improved to 17.5%, up 61 basis points from the previous quarter. Reported Profit After Tax (PAT) for the quarter was ₹3,174.00 million, showing a remarkable increase of 21.5% quarter-over-quarter and 138.4% year-over-year.

Business Performance

Coforge demonstrated strong business momentum in Q1 FY26:

• Secured order intake of $507.00 million during the quarter
• Signed five large deals
• Order book executable over the next 12 months stood at $1.55 billion, representing a 46.9% year-over-year growth
• Added 6 new client logos

Operational Metrics

The company's operational efficiency remained robust:

• Global headcount reached 34,187, with a net addition of 1,164 resources
• IT attrition rate remained low at 11.3%, among the lowest in the IT services industry

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹4.00 per equity share (face value ₹2.00 each) for the financial year 2025-26. The record date for determining shareholder eligibility is set for July 31, 2025.

Strategic Developments

Coforge announced two significant changes:

1. New Registrar and Share Transfer Agent: The company will appoint MUFG Intime India Private Limited as its new Registrar and Share Transfer Agent, effective November 15, 2025, replacing Alankit Assignments Limited. This change aims to enhance operational efficiency in response to the significant increase in shareholder base and growing complexity of investor services.

2. Potential Acquisition: Coforge has in-principally agreed to acquire Artexmind S.A., a shelf company, for approximately $10,000.00 through its step-down wholly-owned subsidiary, Coforge Solutions Private Limited. This acquisition is intended to facilitate operations in a new geography.

Sector-wise Performance

The company's revenue mix for Q1 FY26 shows a diverse portfolio:

Coforge's strong Q1 FY26 results and strategic initiatives underscore its continued growth trajectory in the global IT services market.

Coforge Limited , a global digital services and solutions provider, has announced robust financial results for the first quarter, demonstrating strong growth across key metrics. The company also declared an interim dividend and revealed strategic moves to enhance shareholder services and expand its global footprint.

Strong Financial Performance

Coforge reported a substantial year-on-year revenue growth of 56.5% in Indian Rupee terms for Q1, with revenues reaching ₹36,886.00 million. In US Dollar terms, the revenue stood at $442.40 million, marking a 54.5% increase compared to the same quarter last year.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin improved to 17.5%, up by 61 basis points quarter-on-quarter. Profit After Tax (PAT) saw a significant jump, rising by 138.4% year-on-year to ₹3,174.00 million.

Key Business Highlights

• Order intake for the quarter was robust at $507.00 million, with five large deals signed.
• The order book executable over the next 12 months stood at $1.55 billion, showing a 46.9% year-on-year growth.
• Coforge added six new logos during the quarter, expanding its client base.
• The company's global headcount reached 34,187 as of June 30, with a net addition of 1,164 employees during the quarter.
• IT attrition rate (LTM) remained low at 11.3%, which the company claims is among the lowest in the IT services industry.

Interim Dividend Declared

The Board of Directors has declared an interim dividend of ₹4.00 per equity share (face value ₹2.00 each). The record date for determining shareholder eligibility has been set as July 31, with payment to be made within 30 days of the declaration.

Strategic Moves

Change in Registrar and Share Transfer Agent

In a move to enhance operational efficiency and provide a seamless experience to shareholders, Coforge has appointed MUFG Intime India Private Limited as its new Registrar and Share Transfer Agent, effective November 15. This change comes in response to the company's growing shareholder base and the increasing complexity of managing investor-related services.

Acquisition for Geographical Expansion

Coforge has agreed to acquire Artexmind S.A., a shelf company, for approximately $10,000.00 through its subsidiary Coforge Solutions Private Limited. This strategic acquisition is aimed at establishing operations in a new geography, leveraging the existing entity to expedite the process compared to setting up a new one.

Sector-wise Performance

The company's revenue mix for Q1 shows a diverse portfolio:

The 'Others' category, which includes Healthcare, Retail, Hi-Tech, and Manufacturing, showed significant growth, contributing 26.7% to the overall revenue.

Coforge's strong performance in Q1, coupled with strategic initiatives and a healthy order book, positions the company for continued growth in the coming quarters. The management's focus on expanding its global presence and enhancing shareholder services underscores its commitment to long-term value creation.