Coforge Limited · NSE:COFORGE

Coforge — Q3 FY26 Earnings Presentation

21 slides from Coforge's earnings presentation, Jan 23, 2026

  1. Slide 1: Cover letter to BSE and NSE

    January 23, 2026 The Manager, The General Manager, Department of Corporate Services Department of Corporate Services BSE Limited The National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Dalal Street, Mumbai – 400 001 Plot No. C/1, G Block, Bandra Kurla Complex, BSE Scrip c

  2. Slide 2: Coforge delivers another quarter of robust performance

    Coforge delivers another quarter of robust performance; Revenue up 5.1% QoQ, 28.5% YoY and 37.3% YTD § Six large deals signed during the quarter § $593 Mn TCV order intake during the quarter § Order executable at $1.72 Bn, up 30% YoY Princeton, New Jersey and New Delhi, January 23, 2026: Coforge Lim

  3. Slide 3: Key Business Highlights

    Key Business Highlights ● Order Intake: US$ 593 Mn for the Quarter ● Executable Order Book over next twelve months at $1.72 billion, a 30.4% YoY increase ● Large Deal Momentum: 6 large deals signed this quarter across North America, Europe and APAC ● Headcount stood at 35,341; net addi@on of 445 seq

  4. Slide 4: About Coforge

    About Coforge Coforge is a global digital services and solu@ons provider, that leverages emerging technologies and deep domain exper@se to deliver real-world business impact for its clients. A focus on select industries, a deep domain understanding of the underlying processes of those industries and

  5. Slide 5: Consolidated Profit and Loss Statement (INR Mn)

    Coforge Limited Consolidated Profit and Loss Statement December 31, 2025 Particulars (INR Mn) Q3 FY26 Q2 FY26 QoQ% Q3FY25# YoY% Gross Revenues 41,881 39,857 5.1% 32,581 28.5% Direct People Cost 18,828 18,376 2.5% 14,532 29.6% Sub-contractor cost 4,480 4,486 -0.1% 2,796 60.2% Other Direct Cost 4,804

  6. Slide 6: Consolidated Profit and Loss Statement (USD Mn)

    Coforge Limited Consolidated Profit and Loss Statement December 31, 2025 # Particulars (USD Mn) Q3FY26 Q2FY26 QoQ% Q3FY25 YoY% Gross Revenues 478.2 462.1 3.5% 390.0 22.6% People Cost 215.0 213.0 0.9% 174.0 23.6% Sub-contractor cost 51.2 52.0 -1.6% 33.5 52.8% Other Direct Cost 54.9 39.8 37.7% 52.3 4.

  7. Slide 7: Consolidated Balance Sheet (INR Mn)

    Coforge Limited Consolidated Balance Sheet December 31, 2025 INR Mn As at Dec As at Sep 30 As at Dec As at Dec As at Sep 30 As at Dec Particulars Particulars 31 2025 2025 31 2024 31 2025 2025 31 2024 NET Worth 91,639 89,225 80,507 Fixed Assets 16,211 17,009 10,792 Equity 670 669 669 Goodwill 41,236

  8. Slide 8: Consolidated Balance Sheet (USD Mn)

    Coforge Limited Consolidated Balance Sheet December 31, 2025 USD Mn As at Dec As at Sep 30 As at Dec As at Dec As at Sep 30 As at Dec Particulars Particulars 31 2025 2025 31 2024 31 2025 2025 31 2024 NET Worth 1,020 1,005 940 Fixed Assets 180 192 126 Equity 8 8 8 Goodwill 459 463 452 Reserves & Surp

  9. Slide 9: Consolidated Cash Flow Statement

    Coforge Limited Consolidated Cash Flow Statement December 31, 2025 USD Mn Particulars Q3FY26 Q2FY26 Q3FY25 Operating Activities PBT 43.9 64.7 40.7 Add: Depreciation / Amortization 19.2 19.2 15.1 Other Non Cash Items 5.7 10.5 4.9 (Increase) / Decrease in NWC -12.0 -31.3 -3.7 Tax -8.1 -15.9 -15.1 Tota

  10. Slide 10: Factsheet: Financial

    Coforge Limited Factsheet December 31, 2025 Revenue and Revenue Growth Q3FY26 Q2FY26 Q3FY25 Q-o-Q CC Revenue Growth 4.4% 5.9% 8.4% Revenue (USD Mn) 478.2 462.1 390.0 Q-o-Q Growth 3.5% 4.5% 6.8% Y-o-Y Growth 22.6% 26.6% 40.5% Revenue (INR Mn) 41,881 39,857 32,581 Q-o-Q Growth 5.1% 8.1% 7.7% Y-o-Y Gro

  11. Slide 11: Factsheet: Growth by Vertical, Horizontal and Geography

    Coforge Limited Factsheet December 31, 2025 Vertical Growth QoQ YoY Banking and Financial Services (BFS) -2.4% 13.8% Insurance 1.5% 5.0% Travel, Transportation and Hospitality (TTH) 1.6% 52.4% Healthcare & HiTech 8.5% 56.7% Government outside India -5.7% 10.3% Others(1) 18.3% 13.5% % Growth in $ ter

  12. Slide 12: Investor Presentation Q3 FY26

    Investor Presentation Q3 FY26 January 22, 2026

  13. Slide 13: 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,” “

  14. Slide 14: Q3 FY26 revenue up 28.5% YoY

    Coforge Q3 FY26 revenue up 28.5% YoY Financial Highlights Business Highlights ▪ On consolidated basis, Q3 FY26 revenues for were up ▪ Order intake of $593 Mn during the quarter 4.4% QoQ and 21.5% YoY on a constant currency basis. ▪ Six large deals signed during the quarter ▪ Revenue for the quarter

  15. Slide 15: Revenue and Margin Performance for the quarter

    Revenue and Margin Performance for the quarter Revenue (₹ Mn) 5.1% QoQ 28.5% YoY EBIT (₹ Mn) 0.6% QoQ 50.0% YoY PAT (₹ Mn) 33.4% QoQ 17.6% YoY 39,857 41,881 5,563 5,594 3,758 32,581 3,730 2,502 2,127 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Revenue ($ Mn) 3.5% QoQ 22.6

  16. Slide 16: Healthcare and Hi-Tech became another major vertical

    Healthcare and Hi-Tech became another major vertical for the organization Q3 FY26 Revenue Mix By Vertical By Service Offering By Geography 7.9% 19.5% 14.7% 26.0% 17.7% 6.3% 44.4% 56.8% 10.5% 28.5% 14.8% 22.2% 22.9% 7.8% Banking & Financial Services (BFS) Healthcare & Hi-Tech Engineering Cloud and In

  17. Slide 17: 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 1,151 593 748 781 501 507 514 646 457 507 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 New Clients 15 31 40 41 45 47 44 29 47 14 10 6 9 9 Adde

  18. Slide 18: 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% +30.4% YoY 94% $1,600 93% 92% 92% 94% 100% $1,600 100% 91% 89% 90% 89% 89% 90% 90% $1,400 $1,400 95% 80% 80% $1,200 $1,200 70% 70% $1,000 60% $1,000 60% $800

  19. Slide 19: 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% 242 243 245 239 39.0% 38.3% 34.4% 35.5% 34.5% 34.0% 30.8% 30.7% 29.3% 28.4% 160 170 164 167 145 173 137 115 30.4% 106 28.3% 27.9% 90 112

  20. Slide 20: 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 35,341 34,187 1,546 1,564 33,023 1,580 617 32,615 622 1,566 594 1,525 569 565 32,710 33,178 11.7% 11.9% 32,013 11.5% 11.4% 11.3% 11.4% 10.9% 10.9% 30,525 30,888 Q3 FY25 Q4 FY25 Q1

  21. Slide 21: Let's Engage

    Let’s Engage 10 © Coforge, 2025

Coforge — Q3 FY26 Earnings Presentation on 6ix