Coforge net profit rises 56.5% as ‘record’ deal wins boost growth
Coforge reported a 56.5% increase in net profit for the September quarter, driven by a record intake of large deals. Despite strong financial performance, the company is navigating internal governance challenges following the resignation of a board member.
Why it matters
The report illustrates the dual nature of corporate growth and the risks associated with internal governance disputes in the IT sector.
Coforge net profit rises 56.5% as ‘record’ deal wins boost growth September-quarter revenue climbs 53.6% to ₹6,171 crore; fresh order intake doubles year-on-year to $1.04 billion as company raises FY27 EBIT margin guidance to 16% Chennai Coforge Ltd’s net profit rose 56.5% year-on-year to ₹588.1 crore in the September quarter, as the mid-tier IT services company signed a record eight large deals and reported strong revenue growth. The quarter marked its first full quarter of consolidating Encora’s financial results following the acquisition. Revenue for the second quarter of FY27 grew 53.6% year-on-year to ₹6,170.8 crore. In dollar terms, revenue rose 40.1% to $652.2 million. Organic revenue growth was 3.8% sequentially in constant-currency terms. After O.P. Bhatt, Coforge NRC chair D.K. Singh resigns amid board tensions After O.P. Bhatt, Coforge NRC chair D.K.
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