Coforge Limited · NSE:COFORGE

Coforge — Q2 FY26 Earnings Presentation

22 slides from Coforge's earnings presentation, Oct 24, 2025

  1. Slide 1: Investor Presentation Q2 FY26

    Investor Presentation Q2 FY26 October 24, 2025

  2. Slide 2: Safe Harbor and Disclaimer

    Safe Harbor and Disclaimer Forward Looking Statements Safe Harbor This presentation contains forward-looking statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “

  3. Slide 3: Coforge Q2 FY26 revenue up 31.7% YoY

    Coforge Q2 FY26 revenue up 31.7% YoY Financial Highlights Business Highlights ▪ On consolidated basis, Q2 FY26 revenues for were up ▪ Order intake of $514 Mn during the quarter 5.9% QoQ and 25.7% YoY on a constant currency basis. ▪ Five large deals signed during the quarter ▪ Revenue for the quarter

  4. Slide 4: Revenue and Margin Performance for the quarter

    Revenue and Margin Performance for the quarter Revenue (₹ Mn) 8.1% QoQ 31.7% YoY EBIT (₹ Mn) 31.8% QoQ 59.1% YoY PAT (₹ Mn) 18.4% QoQ 86.0% YoY 39,857 5,563 3,758 36,886 3,175 30,256 4,221 3,496 2,022 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1 FY26 Q2 FY26 Revenue ($ Mn) 4.5% QoQ 26.

  5. Slide 5: Well Diversified Business Portfolio with Increasing Offshoring Revenues

    Well Diversified Business Portfolio with Increasing Offshoring Revenues Q2 FY26 Revenue Mix By Vertical By Service Offering By Geography 7.8% 13.2% 27.0% 27.6% 17.1% 46.1% 28.9% 57.9% 6.9% 15.1% 21.2% 23.3% 7.8% Banking & Financial Services (BFS) Government (Overseas) Engineering Cloud and Infrastru

  6. Slide 6: Very Significant Business Momentum Driving Robust Growth

    Very Significant Business Momentum Driving Robust Growth Fresh Order Intake TCV ($ Mn) 3,456 2,126 +28.8% 1,973 1,265 1,151 748 781 516 501 507 514 646 457 507 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1FY26 Q2FY26 New Clients 15 31 40 41 45 47 44 29 47 13 14 10 6 9 Added

  7. Slide 7: High Degree of Visibility Through Contracted Revenues and Repeat Business

    High Degree of Visibility Through Contracted Revenues and Repeat Business Order Book Executable Over Next 12 Months ($ Mn) 8-Year CAGR: 21.4% +26.7% YoY 95% $1,600 93% 92% 92% 94% 100% $1,600 96% 100% 91% 89% 90% 89% 89% 90% $1,400 90% $1,400 80% 80% $1,200 $1,200 70% 70% $1,000 60% $1,000 60% $800

  8. Slide 8: De-Risked Operating Profile with Declining Client Concentration

    De-Risked Operating Profile with Declining Client Concentration While Increasing Large Account Relationships Top Clients Revenue Contribution Clients by Size 42.4% 239 242 243 39.0% 38.3% 34.4% 35.5% 34.5% 34.0% 30.8% 29.3% 28.4% 160 170 164 145 173 137 115 30.4% 106 28.3% 27.9% 112 24.3% 22.9% 23.2

  9. Slide 9: Best-in-Industry Attrition Levels Testament of Coforge Culture

    Best-in-Industry Attrition Levels Testament of Coforge Culture Total Global Headcount LTM Attrition % (Excl. BPS) 34,896 34,187 1,564 33,023 1,580 32,615 622 31,991 1,566 594 1,525 1,467 569 565 556 32,710 11.5% 11.4% 11.7% 11.9% 11.4% 32,013 10.9% 11.3% 30,525 30,888 29,968 Q2 FY25 Q3 FY25 Q4 FY25

  10. Slide 10: Now in Hyderabad Too!

    NOW IN HYDERABAD TOO ! 10 © Coforge, 2025 | Confidential

  11. Slide 11: The 3rd Coforge Public Library opened in Hyderabad

    The 3rd Coforge Public Library opened in Hyderabad on 07 Oct,2025 11 © Coforge, 2025

  12. Slide 12: The 3rd Coforge Public Library opened in Hyderabad

    The 3rd Coforge Public Library opened in Hyderabad on 07 Oct,2025 LOCATION 8th Floor of Pranava Business Park, Kothaguda junction, close to the densely populated neighborhood of Kondapur 12 © Coforge, 2025

  13. Slide 13: The 3rd Coforge Public Library opened in Hyderabad

    The 3rd Coforge Public Library opened in Hyderabad on 07 Oct,2025 13 © Coforge, 2025

  14. Slide 14: Appendix

    Appendix 14 | © coforge, 2025 Coforge

  15. Slide 15: Consolidated Profit and Loss Statement (INR Mn)

    Coforge Limited Consolidated Profit and Loss Statement September 30, 2025 Particulars (INR Mn) Q2 FY26 Q1 FY26 QoQ% Q2FY25# YoY% Gross Revenues 39,857 36,886 8.1% 30,256 31.7% Direct People Cost 18,376 17,394 5.6% 15,254 20.5% Sub-contractor cost 4,486 3,887 15.4% 2,575 74.2% Other Direct Cost 3,437

  16. Slide 16: Consolidated Profit and Loss Statement (USD Mn)

    Coforge Limited Consolidated Profit and Loss Statement September 30, 2025 Particulars (USD Mn) Q2 FY26 Q1 FY26 QoQ% Q2FY25# YoY% Gross Revenues 462.1 442.4 4.5% 365.1 26.6% People Cost 213.0 208.6 2.1% 184.1 15.7% Sub-contractor cost 52.0 46.6 11.6% 31.1 67.4% Other Direct Cost 39.8 38.1 4.7% 36.2 1

  17. Slide 17: Consolidated Balance Sheet (INR Mn)

    Coforge Limited Consolidated Balance Sheet September 30, 2025 INR Mn As at Sep 30 As at June As at Sep 30 As at Sep 30 As at June As at Sep 30 Particulars Particulars 2025 30 2025 2024 2025 30 2025 2024 NET Worth 89,225 85,806 79,842 Fixed Assets 17,009 17,430 10,987 Equity 669 669 667 Goodwill 41,1

  18. Slide 18: Consolidated Balance Sheet (USD Mn)

    Coforge Limited Consolidated Balance Sheet September 30, 2025 USD Mn As at Sep 30 As at June As at Sep 30 As at Sep 30 As at June As at Sep 30 Particulars Particulars 2025 30 2025 2024 2025 30 2025 2024 NET Worth 1,005 1,000 953 Fixed Assets 192 203 131 Equity 8 8 8 Goodwill 463 478 452 Reserves & S

  19. Slide 19: Consolidated Cash Flow Statement

    Coforge Limited Consolidated Cash Flow Statement September 30, 2025 USD Mn Particulars Q2FY 26 Q1 FY 26 Q1 FY 25 Operating Activities PBT 64.7 43.8 24.6 Add: Depreciation / Amortization 19.2 19.1 9.8 Other Non Cash Items 10.5 10.4 -0.5 (Increase) / Decrease in NWC -31.3 -15.8 -6.7 Tax -15.9 -13.7 -5

  20. Slide 20: Factsheet: Financial Data

    Coforge Limited Factsheet September 30, 2025 Revenue and Revenue Growth Q2FY26 Q1FY26 Q2FY25 Q-o-Q CC Revenue Growth 5.9% 8.0% 1.9% Revenue (USD Mn) 462.1 442.4 365.1 Q-o-Q Growth 4.5% 9.6% 27.5% Y-o-Y Growth 26.6% 21.2% 33.6% Revenue (INR Mn) 39,857 36,886 30,256 Q-o-Q Growth 8.1% 8.2% 28.3% Y-o-Y

  21. Slide 21: Factsheet: Growth, Client and People Data

    Coforge Limited Factsheet September 30, 2025 Vertical Growth QoQ YoY Banking and Financial Services (BFS) 4.0% 17.4% Insurance 1.8% 5.9% Travel, Transportation and Hospitality (TTH) 6.4% 60.8% Government outside India 0.4% 14.7% Others(1) 5.9% 30.7% % Growth in $ terms (1) Others primarily include H

  22. Slide 22: Let's Engage

    Let’s Engage 15 © Coforge, 2025

Coforge — Q2 FY26 Earnings Presentation on 6ix