Coforge Limited (NSE: COFORGE) has delivered an outstanding performance for the quarter ended September 30, 2026, with a revenue growth of 53.6% year-on-year (YoY). The company raised its EBIT margin guidance for FY27 to 16%. This surge is attributed to eight large deals signed and a next 12 months signed order book of $2.38 billion, up 45% YoY.

Key Financial Highlights

The company reported a revenue of INR 61,708 Mn (USD 652.2 Mn), EBITDA of INR 12,697 Mn (USD 134 Mn), EBIT of INR 9,847 Mn (USD 104 Mn), and PAT of INR 5,881 Mn (USD 62 Mn). These figures reflect a 67.3% YoY increase in EBITDA, 67.8% in EBIT, and 56.5% in PAT.

Strategic Initiatives

Coforge has signed eight large deals in a single quarter, marking the highest number in any quarter to date. The company’s next 12 months signed order book stands at $2.38 billion, up 45% YoY. Additionally, Coforge launched Momentuum blue, a specialized Forward Deployed Engineers (FDE) unit, and expanded its Kraków Engineering Center in Poland to serve clients globally.

“The 10.1% sequential growth and 40.1% YoY growth in US dollar terms, a 3.8% sequential organic cc growth, a next twelve month signed order book of $2.38 billion, an order intake of over $1 billion and eight large deals, the most the firm has ever signed in a single quarter, have put us firmly on course to be the industry growth leader for the third year running. We are raising our FY27 EBIT margin guidance from 15.5% to 16%. We expect to further improve our EBIT margin to 17% next year; and will be targeting to be amongst top three scaled IT services firms on margins while maintaining our growth momentum.” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge Ltd.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Coforge Limited

Coforge Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.

Coforge gains 29.4% over three months and trades near its 52-week highs. Thin margins at 9.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue grows at 26.9% and profits at 30.9% CAGR. Both numbers are exceptional. The stock trades at 93% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 26.9%, profits at 30.9%, and the PEG sits at 1.29 — below its growth rate. That combination is rare. Check Fundamentals of Coforge Limited.

Firstsource Solutions Limited (NSE: FSL) has released its FY2025-26 ESG report, showcasing significant progress in governance, sustainability, and community impact. The report details the company’s performance against its ESG commitments and highlights the continued strengthening of its governance.

Governance and ESG Integration

During the fiscal year, Firstsource completed a Double Materiality Assessment (DMA) and Climate Risk Assessment (CRA), aligning more closely with global ESG frameworks. These insights are being integrated into the company’s Enterprise Risk Management (ERM) framework, enhancing its understanding of the impacts, risks, and opportunities relevant to its business and stakeholders.

Sustainability Achievements

The FY2025-26 ESG Report highlights measurable progress across key ESG priorities. Notable achievements include a 30.55% reduction in market-based Scope 2 emissions, 21.76% of total energy sourced from renewable energy, and 48.54% women across the workforce. Additionally, Firstsource delivered over 3.7 million learning hours and impacted 79,005 lives through community initiatives.

Recognition and Validation

Firstsource’s integrated approach to sustainability and responsible growth received external recognition. The company achieved an S&P Global Corporate Sustainability Assessment score of 87, ranking first globally among companies in the Professional Services sector assessed by S&P Global. It was also included in the S&P Global Sustainability Yearbook for the third consecutive year.

Looking ahead, Firstsource remains committed to growing responsibly and achieving its Net Zero emissions target by 2050.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Firstsource Solutions Limited

Firstsource Solutions Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.

Firstsource moves sideways over three months, with neither buyers nor sellers taking control. The PEG reaches 3.12. The stock trades on brand and index weight, not on growth. Thin margins at 6.7% leave limited room for error — any demand softness or cost spike hits the bottom line hard. The stock holds at 47% of its 52-week range with RSI at 58. In other words, neither side has a clear edge right now. The stock rises 5.8% in three months on 17.1% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Firstsource Solutions Limited.

Mphasis Limited (NSE: MPHASIS), a global AI-led technology solutions provider, announced the official validation of its near-term and net-zero greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative (SBTi) Services. This marks a significant milestone in Mphasis’ commitment to addressing climate change through science-based emissions reduction targets. The company aims to reduce emissions across its operations and value chain, with defined goals for both near-term and long-term reductions with FY 2024-25 as baseline year.

Validation of Emission Targets

The validated targets include:

• Net-Zero Target: To achieve net-zero greenhouse gas emissions across its value chain by FY 2050.
• Near-Term Targets: To reduce absolute Scope 1 and Scope 2 GHG emissions by 66.01% by FY 2036 from FY 2025 base year. To reduce Scope 3 GHG emissions by 66.33% per USD value added within the same timeframe.
• Long-Term Targets: To reduce absolute Scope 1 and Scope 2 emissions by 90.0% by FY 2050 from a baseline year FY 2025. To reduce Scope 3 GHG emissions by 97.0% per unit value added (economic intensity) within the same timeframe.

Company’s Commitment

“We believe climate action requires collective commitment from organizations, and it remains an important priority for us. The validation of our targets by SBTi Services is a significant milestone in our sustainability journey and strengthens our resolve to embed environmental responsibility into the way we operate, grow and build capabilities, while steadily advancing our long-term climate commitments,” said Deepa Nagraj, Senior Vice President & Global Head – ESG, Sparkle Innovation Ecosystem, and Communications, Mphasis.

Sustainability Efforts

Mphasis’ sustainability efforts have also received external recognition, including a Silver Medal from EcoVadis, placing it among the top 15% of assessed companies, and an improved CRISIL Core ESG score of 73 in FY 2026, up from 69 in the previous assessment. The company continues to pursue its commitment to achieve carbon neutrality across its facilities and operations by FY 2030, with renewable sources already meeting 57.82% of its total energy needs.

The validation of Mphasis’ targets supports its ambition to achieve net-zero greenhouse gas emissions across its value chain by FY 2050. The company remains focused on strengthening its environmental, social and governance practices alongside its business priorities.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of MphasiS Limited

MphasiS Limited belongs to the Technology › Information Technology Services sector. Here’s a quick read on where the business and the stock stand today.

MphasiS moves sideways over three months, with neither buyers nor sellers taking control. The PEG stands at 5.68 — severely stretched. Any earnings miss could trigger a sharp de-rating. Revenue grows at 4.8% CAGR. The company generates cash but does not compound aggressively. The stock holds at 51% of its 52-week range with RSI at 67. In other words, neither side has a clear edge right now. The stock rises 4.4% in three months on 4.8% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of MphasiS Limited.