Coforge Profit Surges, Shares Dip Despite Strong Deals

Coforge Limited reported a 138.4% year-on-year increase in net profit to Rs 317 crore and a revenue rise of over 54% for the first quarter of fiscal year 2026, though the results fell short of analyst estimates. Despite strong earnings, Coforge's shares declined over 8% following the announcement, possibly due to investor expectations. The company's growth was driven by strong performance in the Americas and the travel, transportation, and hospitality sectors, while banking experienced a slight sequential decline. Coforge declared an interim dividend of Rs 4 per share and completed a stock split as part of its efforts to return value to shareholders. The company also secured a major 13-year, $1.56 billion contract with US travel firm Sabre, bolstering its growth outlook. Several other significant deals were signed during the quarter.