Mumbai: IT services firm Coforge on Thursday reported robust growth in the December quarter, backed by strong deal momentum and sustained demand across key verticals, even as the broader IT sector remains cautious.
The company’s consolidated revenue rose 28.5% year-on-year to ₹4,188 crore in Q3 FY26, while sequential growth stood at 5.1%, a notable performance in a seasonally weak quarter. Revenue in dollar terms increased 22.6% year-on-year to $478.2 million.
Profit after tax, excluding exceptional items, jumped 71.2% year-on-year to ₹364 crore, aided by operating leverage and margin expansion. Reported PAT declined sequentially due to exceptional costs linked to the implementation of the new labour code and acquisition-related expenses, the company said.
Coforge’s EBITDA margin improved 191 basis points year-on-year to 17.4%, while EBIT margin stood at 13.4%. During the quarter, the company signed six large deals and reported total contract value (TCV) order intake of $593 million.
The executable order book for the next twelve months rose 30% year-on-year to $1.72 billion, providing strong revenue visibility. Headcount stood at 35,341, with net additions of 445 employees during the quarter, even as peers cut costs.
The board has recommended an interim dividend of ₹4 per share, with January 31, 2026 set as the record date.
Commenting on the performance, CEO Sudhir Singh said the company remains confident of maintaining strong growth through FY26 and FY27, supported by a healthy large-deal pipeline and increasing focus on data, cloud and AI-led engineering services.