Coforge Q2 net profit jumps 56.5% to Rs 588 crore on Encora deal
Executive Brief • Key Highlights
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- ✓Coforge reported a 56.5% jump in net profit to Rs 588.1 crore for the second quarter of fiscal year 2027.
- ✓Revenue reached Rs 6,170.8 crore, showing a 53.6% year-on-year increase.
- ✓The firm said the Encora acquisition and many large deals helped drive this growth, as revenue rose steadily across the quarter.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Revenue for the September quarter increased 53.6% year-on-year and 11.6% sequentially to Rs 6,170.8 crore. In dollar terms, revenue stood at $652.2 million, up 10.1% from the preceding quarter on constant currency terms. Contribution from the Encora acquisition was a major reason for the revenue growth this quarter along with large deals.
Mid-size IT services firm Coforge reported a 56.5% year-on-year increase in net profit to Rs 588.1 crore for the second quarter of the fiscal year 2027, aided by a full-quarter contribution from its acquisition of engineering services firm Encora for $2.35 billion. Sequentially, net profit rose 13.4%.Revenue for the September quarter increased 53.6% year-on-year and 11.6% sequentially to Rs 6,170.8 crore. In dollar terms, revenue stood at $652.2
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