Coforge Ltd

Coforge Ltd gained for a third straight session today. The stock is quoting at Rs 1716.2, up 2.88% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 2.77% on the day, quoting at 25784.1. The Sensex is at 83941.05, up 2.79%. Coforge Ltd has risen around 4.52% in last one month. Meanwhile, Nifty IT index of which Coforge Ltd is a constituent, has risen around 2.73% in last one month and is currently quoting at 38074.15, up 1.91% on the day. The volume in the stock stood at 8.85 lakh shares today, compared to the daily average of 19.54 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1722.1, up 3.36% on the day. Coforge Ltd is up 1.44% in last one year as compared to a 8.61% spurt in NIFTY and a 9.47% spurt in the Nifty IT index.The PE of the stock is 77.11 based on TTM earnings ending December 25.Powered by Capital Market - Live

Innovaccer Inc., a leading healthcare AI company, and Coforge today announced a strategic partnership across the healthcare ecosystem designed to improve care delivery and patient outcomes. This partnership will combine Coforge's domain expertise in driving organizational transformation with Innovaccer's AI infrastructure and data platform, driving measurable improvements in clinical, financial and administrative results for healthcare organizations. The two firms launched G-Forge, a joint initiative designed to help healthcare organizations scale AI, integrate siloed data, and improve enterprise decision-making. G-Forge brings together Innovaccer's Gravity platform and Coforge's expertise in large-scale implementation and organizational transformation to support healthcare providers, payers, life sciences organizations, and healthcare technology companies as they modernize operations and adopt AI across the enterprise. As the preferred platinum implementation partner for Innovaccer's Gravity AI platform, Coforge will also establish a Healthcare AI Center of Excellence. Together, Innovaccer and Coforge will develop industry-specific accelerators and solutions in the areas of member and provider experience, care management, and revenue cycle management tailored to the needs of healthcare organizations, while offering end-to-end implementation, integration, and managed services to support Gravity deployments. 'We are incredibly excited to embark on this strategic partnership with Innovaccer. Our clients across the healthcare ecosystem are demanding solutions that deliver measurable impact, not just incremental improvements. By combining our deep expertise in healthcare technology along with Innovaccer's breakthrough AI platform Gravity, we are creating a unified value proposition that drives innovation, strengthens clinical and administrative performance and drives sustainable cost efficiency.' said Preeti Singh, EVP and Head of North America Business Unit, Coforge. Powered by Capital Market - Live

Coforge announced that the Board of Directors of the Company at its meeting held on 22 January 2026, inter alia, have recommended the Third Interim dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

In dollar terms, the revenue was higher by 3.5% while in constant currency terms, it rose by 4.4% sequentially. EBIT improved by 0.6% to Rs 559.4 crore in Q3 FY26 from Rs 556.3 crore in Q2 FY26. EBIT margin for Q3 FY26 was 13.4% as against 14% in Q2 FY26. The company recorded an exceptional expense of Rs 147.6 crore during the period under review. Profit before tax in Q3 FY26 stood at Rs 384.2 crore, down by 31.2% from Rs 558.2 crore in Q2 FY26. The board has recommended an interim dividend of Rs 4 per share, and the record date for this payout will be 31 January 2026. Sudhir Singh, chief executive officer and executive director, Coforge, said: 'A 5.1% sequential growth in Q3 during a seasonally weak quarter, 28.5% YoY growth, six large deals signed in this quarter, a 30% YoY increase in next twelve-month executable order book, and a robust large deals pipeline gives us the confidence of maintaining our strong and sustained growth through both FY26 and FY27. Furthermore, the $ 2 billion core of data, cloud and Al led engineering that will be created after Coforge and Encora come together, sets us up for sustained outperformance in the years to come. Coforge is a global tech services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The scrip shed 0.09% to currently trade at Rs 1685.90 on the BSE. Powered by Capital Market - Live

Net profit of Coforge rose 16.10% to Rs 250.20 crore in the quarter ended December 2025 as against Rs 215.50 crore during the previous quarter ended December 2024. Sales rose 28.54% to Rs 4188.10 crore in the quarter ended December 2025 as against Rs 3258.10 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales4188.103258.10 29 OPM %17.4413.35 - PBDT702.60456.70 54 PBT531.80340.20 56 NP250.20215.50 16 Powered by Capital Market - Live

Coforge has allotted 7,40,714 equity shares under ESOP on 16 January 2026. Consequently the paid-up share capital of the Company has gone up to 33,57,82,522 equity shares of face value of Rs. 2/- each aggregating to Rs. 67,15,65,044.Powered by Capital Market - Live

Encora is one of the select tech services firms founded with an AI native DNA providing engineering services to Fortune 1000 enterprises and digital-native companies. The firm operates at the convergence of AI, cloud and data, with capabilities spanning intelligent process design, agent native product engineering, core modernization, AI foundation, data readiness, and AIOps. Encora has built one of the industry's first composable agentic AI platforms ' AIVATM, and has deep partnerships with AWS, Microsoft, Google and Snowflake. Encora's FY26E revenue is $600 million with an Adjusted EBITDA margin of approximately 19%. Coforge will acquire the business from Advent, Warburg Pincus and other minority shareholders for an enterprise value of $2.35 billion. The transaction will be funded through a preferential allotment of equity shares representing an equity value of approximately $1.89 billion, pursuant to which Encora shareholders will hold approximately 20% of the expanded share capital of Coforge upon completion of the transaction. Coforge's acquisition of Encora is set to create a technology services powerhouse with an estimated total revenue of $2.5 billion. Within this structure, the combination of AI-led engineering, data, and cloud services is projected to deliver $2 billion in revenue by fiscal year 2027. The AI-led product engineering segment alone is expected to grow into a business worth over $1.25 billion. Additionally, cloud services are estimated to reach approximately $500 million, while data engineering is forecasted to contribute more than $250 million to the firm's total revenue. The combined business is expected to operate at an EBIT margin of 14% and the acquisition is expected to be EPS accretive in FY27. Sudhir Singh, chief executive officer and executive director, Coforge, said: The Encora acquisition is a defining moment for our organization. It establishes a scaled AI-led engineering capability moat for the firm underpinned by capabilities to help create enterprise data cores and cloud foundations purpose built for AI.' Coforge is a global tech services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. The scrip shed 0.64% to currently trade at Rs 1662.50 on the BSE. Powered by Capital Market - Live

Coforge today announced that it has signed definitive agreements to acquire Encora, an AI‑native firm born in the Silicon Valley with deep strengths across AI‑driven engineering underlaid by Cloud and Data. The transaction is subject to customary closing conditions and regulatory approvals. Encora is one of the select tech services firms founded with an AI‑native DNA providing engineering services to Fortune 1000 enterprises and digital-native companies. The firm operates at the convergence of AI, Cloud and Data, with capabilities spanning Intelligent Process Design, Agent‑Native Product Engineering, Core Modernization, AI Foundation, Data Readiness, and AIOps. Encora has built one of the industry's first composable agentic AI platforms ' AIVATM, and has deep partnerships with AWS, Microsoft, Google and Snowflake. Coforge' s acquisition of Encora will create a ~US$2.5Bn tech services powerhouse wherein AI-led engineering + Data + Cloud services alone are likely to deliver US$2Bn revenue in FY'27. AI led product engineering business is likely to be a US$1.25 Bn+ business, Cloud services a ~US$500Mn business, and Data engineering a ~US$250Mn+ business for the firm. Furthermore, Hi-Tech and Healthcare industry verticals of Coforge are expected to reach material scale immediately post-acquisition. They will both individually operate at an annualized US$170Mn+ revenue run rate. The acquisition will reposition Coforge as a player with scaled near-shore delivery capability in LATAM with an exceptional engineering and AI Talent base of 3100+ SMEs servicing US Clients. It will significantly expand the West and Mid-West US client footprint of Coforge, which pre-acquisition contributed only 25% to its US Geo revenues. The combined firm will have forty-five US$10Mn+, highly scalable relationships. Given its exceptional track record of making acquisitions successful, Coforge believes that it will materially and expeditiously scale up these client relationships. Encora's FY26E revenue is US$600Mn with an Adjusted EBITDA margin of ~19%. Coforge will acquire the business from Advent, Warburg Pincus and other minority shareholders for an Enterprise Value of US$2.35Bn. The transaction will be funded through a preferential allotment of equity shares representing an equity value of approximately US$1.89Bn, pursuant to which Encora shareholders will hold approximately 20% of the expanded share capital of Coforge upon completion of the transaction. The combined business is expected to operate at an EBIT margin of 14% and the acquisition is expected to be EPS accretive in FY27. 'The Encora acquisition is a defining moment for our organization. It establishes a scaled AI-led engineering capability moat for the firm underpinned by capabilities to help create enterprise data cores and cloud foundations purpose built for AI. The new US$2.5Bn firm, with a US$2Bn enterprise core of AI-led Engineering, Data and Cloud services, will set the benchmark on making the promise of AI real for enterprises. Over the last eight years Coforge has delivered industry leading growth on the back of its execution excellence, hyperspecialized industry expertise and a perfect track record of making every acquisition very successful. With this augmented enterprise AI led engineering core we believe that our growth will get further accelerated and move to an even higher orbit.' said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge. Powered by Capital Market - Live

The board of Coforge at its meeting held on 26 December 2025 has approved the execution of a share subscription and share purchase agreement (SSPA) by the Company with Encora US Holdco, Inc. and Encora Holdings (Cayman) (Target Companies), Encora Holdco (UK) and AI Altius Parent (Cayman) (Investors), in relation to acquisition of the Target Companies' shares from the Investors (Proposed Acquisition), in a share swap arrangement with the Company, whereby 9,37,96,508 fully paid up equity shares of the Company having face value of Rs 2 each shall be created, issued, offered and allotted to the Investors at a price of Rs 1,815.91/- per equity share (which includes a premium of Rs 1813.91) (Issue Price), aggregating up to a consideration of Rs 17,032.60 crore, in accordance with the SSPA. The board approved the issuance of equity shares of the Company on a preferential basis pursuant to a share swap arrangement. The board also approved increase in authorised share capital from Rs 77 crore to Rs 102 crore. Further, the board approved raising of funds by way of issuance of such number of equity shares having face value of Rs 2 each of the Company (equity shares) and / or other eligible securities or any combination thereof (hereinafter referred to as 'Securities'), for an aggregate amount not exceeding USD 550 Mn or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible modes in accordance with the applicable laws. The Board considered and granted the approval for the increase in limits under section 186 of the Companies Act, 2013 for the purpose of: (i) acquiring shares of the Target Companies pursuant to a share swap arrangement for a consideration of Rs 17,032.60 crore ; and (ii) providing guarantees for a bridge loan of up to USD 550 Mn in a Company's overseas subsidiary (if required). Powered by Capital Market - Live

Coforge will hold a meeting of the Board of Directors of the Company on 26 December 2025.Powered by Capital Market - Live