Coforge posted strong financial results for the first quarter of the fiscal year 2025-26 on Wednesday, with solid revenue growth, improved profitability, and a healthy pipeline of large deals.
The IT services company reported a 46.9 per cent year-on-year (YoY) rise in its next 12-month executable order book and signed five large deals during the quarter.
Here are 5 Key takeaways from Coforge Q1FY26
1. Revenue surges 56.5% YoY; profit jumps over 155%
Coforge’s revenue stood at Rs 3,689 crore for Q1FY26, marking a 56.49 per cent rise Year on year and 8.17 per cent sequential growth in dollar terms. Consolidated ner profit Rs 356.4 crore registering a sharp 155.85 per cent jump compared to the same quarter last year and a 15.98 per cent increase on a sequential basis. The company’s EBITDA stood at $77.3 million, up 13.6 per cent QoQ and 50.1 per cent YoY. EBITDA margin improved by 61 basis points to 17.5 per cent.
2. Coforge declares Rs 4 interim dividend, lags behind larger peers
The company’s Board declared an interim dividend of Rs 4 per share, with July 31, 2025, as the record date to determine the eligibility of shareholders for the payout. Each share has a face value of Rs 2 and is fully paid-up. The payment will be made within 30 days from the date of declaration. Among IT peers, TCS announced an interim dividend of Rs 11 per share in its Q1 report, Wipro declared Rs 5 per share, and HCLTech announced Rs 12 per share for the financial year 2025–26.
3. Executable order book jumps 46.9%, five large deals signed
Coforge reported a TCV order intake of $ 507 million during the quarter. Its executable order book for the next twelve months touched $1.55 billion, showing a robust 46.9 per cent increase year-on-year.
The company closed five large deals across North America, the UK, and APAC. “Our 9.6 per cent sequential dollar growth, a next twelve-month order book that’s 46 per cent higher YoY, and a very robust large deal pipeline all point to what we believe will be an exceptional FY26,” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge.
In its regulatory filing Coforge also highlights that the company is going to acquire the entire outstanding shares of Artexmind SA, a shelf company. The aim of the acquisition is to begin operations in a new geography without spending much time on set up a new legal entity. The total purchase consideration for this acquisition is approximately $10,000. The transaction will be executed through Coforge Solutions Private Limited, a step-down wholly owned subsidiary of Coforge.
4. Headcount crosses 34,000; attrition among lowest in IT industry
Coforge added 1,164 employees during the quarter, taking its total headcount to 34,187. Notably, it maintained an attrition rate of 11.3 per cent—among the lowest in the Indian IT services industry. In comparison, IT peers like TCS reported an attrition rate of 13.8 per cent, HCLTech at 12.8 per cent, and Wipro at 15.1 per cent.
5. Focus on AI and digital solutions
The company continued to strengthen its AI capabilities by launching two new platforms. Coforge introduced AgentSphere, featuring over 100 AI-based foundational agents built for industries like travel, financial services, and healthcare. It also launched Forge-X, an AI-powered delivery platform aimed at accelerating application development and modernization.
Coforge also formed a new partnership with Zscaler to offer Secure Access 360 on Microsoft Azure Marketplace, further expanding its security and cloud service offerings.
With a strong order pipeline, low attrition, and expanding AI-led capabilities, Coforge is aiming for another year of sustained growth. “We remain committed to sustaining an execution intensity that is uniquely our own and to turning in the ninth consecutive year of sustained and robust growth,” CEO Singh added.