Midcap IT Stocks in Focus: Q3 Results Drive Market Activity for Coforge, Mphasis, Zensar, Cigniti

• Coforge exceeded revenue estimates with 4.4% CC growth, but net profit fell due to one-time losses from wage costs, cybersecurity, and Encora acquisition.
• Mphasis met expectations with 1.5% CC revenue growth and 15.2% EBIT margin; BFSI and Insurance segments led growth, while TMT and Logistics showed weakness.
• Zensar Technologies saw weak revenue (1.3% CC decline) but improved EBITDA margin to 17.4% due to better offshore mix and operational efficiency, with 20% of order book influenced by AI.
• Cigniti Technologies reported strong Q3 performance with consolidated net profit rising to ₹80 crore and revenue to ₹580 crore, driven by improved EBITDA margin of 20%.

Why It Matters: Four midcap IT stocks Coforge, Mphasis, Zensar, and Cigniti show mixed Q3 results with varying impacts.