Coforge posts ₹3,986 cr revenue, up 31% YoY and 8.1% QoQ in Q2
When Coforge announced its Q2 results, the headline grabbed attention - ₹3,986 crore in revenue, about a 31 % jump from the same quarter last year and an 8.1 % rise over the previous three months. That pushes the firm into what looks like a nine-year run of growth, a claim it repeats in the press release. The surge follows a solid Q1, where revenue hit ₹3,689 crore and the EBITDA margin sat at 17.5 %.
The release points out the top-line lift but, oddly enough, leaves out the profit-after-tax number for the quarter. Still, the steady climb suggests the business is keeping its momentum across both periods. Investors tend to watch for this kind of consistency, and Coforge’s back-to-back gains hint that its strategy is resonating with customers.
Even with limited data, the picture that emerges is one of a company still expanding its revenue base while watching margins closely.
Coforge has reported another stellar quarter of growth with revenue of ₹3,986 crore for Q2, marking an 8.1% increase quarter-on-quarter (QoQ), and 31% year-on-year (YoY). This also follows a strong Q1 performance where revenue reached ₹3,689 crore with an EBITDA margin of 17.5%. Profit after tax for Q2 rose to ₹376 crore, up 18.4% sequentially and 86% year-on-year, despite increase in expenses.
The company’s EBIT margin expanded significantly to 14%, up 251 basis points sequentially, while EBITDA margin stood at 18.3%, up 115 basis points quarter-on-quarter. Sudhir Singh, CEO and executive director of Coforge, emphasised the company’s ongoing commitment to achieving the ninth consecutive year of sustained and robust growth despite uncertain macroeconomic conditions. Coforge recorded order intake of $514 million during Q2, with the executable order book over the next twelve months standing at $1.63 billion, a 26.7% year-on-year increase.
The company signed five large deals during the quarter across North America and APAC, maintaining momentum from Q1 when it also signed five large deals across North America, UK, and APAC with an order intake of $507 million.
The latest quarter shows Coforge pulling in ₹3,986 crore of revenue - that’s about an 8.1% jump from the previous quarter and 31% more than a year ago. In Q1 the company reported ₹3,689 crore, with EBITDA at 17.5%. After-tax profit rose to ₹376 crore, up 18.4% sequentially and roughly 86% year-on-year, even though costs have climbed.
EBIT margin nudged up to 14%, a 251-basis-point gain versus the prior period. Nine straight years of growth hint at a steady path, yet the filing is silent on what’s driving the margin lift. Without a breakdown of cost structure or client mix, it’s hard to say if the trend will hold.
The numbers look strong, but the expense rise puts a damper on pure optimism. We’ll probably be watching the next set of disclosures for clues on whether earnings can keep pace with higher costs. No quarterly guidance was given, so analysts are left leaning on past patterns.
Revenue growth feels solid, but sustaining profitability will depend on how well the company reins in its rising expense base - something they haven’t quantified yet.
More in Business & Startups
AI shifts hiring: companies favor generalist engineers over specialists
Why are hiring managers rethinking their talent playbooks? The rise of AI tools is nudging firms...
Rivian showcases new AI chip and silicon inspection labs in office tour
Rivian is opening its doors to a behind‑the‑scenes look at the hardware that could define the next...
Anthropic's AI store profits as CEO acknowledges eternal transcendence
Anthropic’s new AI storefront is finally turning a profit, a milestone that feels almost ceremonial...
Gnani.ai launches Vachana STT model as core IndiaAI infrastructure
Gnani.ai, the Bengaluru‑based speech‑technology firm, has just put its newest speech‑to‑text engine...
PC Company Invests in AI Engines, Context‑Aware Computing, Intelligence
A PC maker long known for assembling laptops and desktops is now positioning itself as a backbone...
Common Questions Answered
What was Coforge's revenue for Q2 and how does it compare to Q1 and the previous year?
Coforge reported Q2 revenue of ₹3,986 crore, which represents an 8.1% increase compared to the previous quarter (Q1 revenue of ₹3,689 crore) and a significant 31% growth compared to the same quarter last year. This performance continues the company's nine-year streak of uninterrupted growth.
How did Coforge's profit after tax perform in the second quarter?
Profit after tax for Q2 rose substantially to ₹376 crore, marking an 18.4% increase from the previous quarter and an impressive 86% growth compared to the same period last year. This growth occurred despite an increase in expenses noted in the report.
What improvement was seen in Coforge's EBIT margin for Q2?
The company's EBIT margin expanded significantly to 14% in the second quarter. This represents a notable improvement of 251 basis points from the prior period, indicating enhanced operational profitability.
What was the EBITDA margin for Coforge in the first quarter (Q1) preceding these results?
In the first quarter, which set the stage for the strong Q2 performance, Coforge recorded an EBITDA margin of 17.5%. This was reported alongside the Q1 revenue figure of ₹3,689 crore.