Midcap IT Stocks React to Q3 Earnings: Coforge, Mphasis, Zensar, Cigniti in Focus

• Coforge reported revenue beat but profit declined due to exceptional losses from wage costs, cybersecurity, and Encora acquisition.
• Mphasis delivered in-line performance with strong deal wins, especially in BFSI, and expects accelerated growth in FY26-27.
• Zensar Technologies saw weak revenue but strong margin expansion due to offshore mix and operational efficiencies, with 20% AI-influenced order book.
• Cigniti Technologies posted robust operational performance with significant growth in net profit, revenue, and EBITDA margins.
• Coforge, Mphasis, Zensar Technologies, and Cigniti Technologies shares all traded lower following their Q3FY26 earnings reports.

Why It Matters: Midcap IT stocks Coforge, Mphasis, Zensar, and Cigniti showed mixed Q3 results, impacting their share prices.