Coforge Q3: Revenue Jumps ₹100 Cr, But Profit Dips ₹126 Cr Due to One-Time Costs

• Coforge Ltd. reported a consolidated net profit of ₹250 crore in Q3, down from ₹376 crore QoQ, missing market estimates of ₹361 crore.
• Revenue increased from ₹3,986 crore to ₹4,188 crore QoQ, though slightly below the market estimate of ₹4,206 crore.
• Profit decline was primarily due to one-time expenses: ₹118 crore for new labor code provisions and ₹16 crore for cybersecurity initiatives.
• Operating performance remained stable with EBIT rising to ₹559 crore, exceeding estimates, but EBIT margin fell to 13.4%.
• The company achieved strong 4.4% Constant Currency (CC) revenue growth and an order book of $59.3 crore, indicating future demand.

Why It Matters: Coforge's Q3 saw strong revenue growth and order book, but one-time expenses significantly impacted profit and margins.