Home / Business and Economy / Coforge Surges: EBIT Margin Eyes 17% Boost
Coforge Surges: EBIT Margin Eyes 17% Boost
23 Oct
Summary
- Coforge's net profit rose 13.4% sequentially to Rs 588 crore.
- Revenue increased by 11.6% to Rs 6,171 crore in the September quarter.
- The company secured $1.04 billion in new orders, boosting its pipeline.
Coforge announced robust financial results for the September quarter, with a 13.4% sequential increase in consolidated net profit, reaching Rs 588 crore. Revenue saw an 11.6% uptick, totaling Rs 6,171 crore. Despite falling short of some analyst estimates, the company reported a sequential improvement in its EBIT margin to 15.2% and expressed confidence in future profitability.
The IT services firm secured $1.04 billion in total contract value orders, with its executable order book for the next 12 months reaching $2.38 billion. Coforge signed a record eight large deals during the quarter, indicating strong business momentum. This performance has led the company to raise its FY27 EBIT margin guidance to 16%, with a forward-looking target of 17% in the subsequent fiscal year.
In line with its growth strategy, Coforge has launched specialized engineering units, Momentuum Blue and CXNova, focusing on translating business needs into production systems and enhancing customer engagement. The company also expanded its engineering center in Poland to serve as an AI engineering and nearshore delivery hub for its global clientele.
