Coforge shares decline over 3% ahead of board meet; key details here

Shares of the Noida-based information technology company, Coforge, fell as much as 3.21% to hit an intraday low of ₹1,682 on the National Stock Exchange on Friday, December 26 ahead of its board meet to consider fund raising. On the BSE, Coforge shares declined as much as 3.2% to hit an intraday low of ₹1,681.80.

Coforge's board will consider raising funds by way of issuance of equity shares or any other eligible securities through permissible modes.

Coforge in a regulatory filing said, "Meeting of the Board of Directors of the Company is scheduled to be held on Friday, December 26, 2025, inter alia, to consider and approve the proposal for raising of funds by way of issuance of equity shares or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required and the approval of shareholders of the Company and to approve ancillary actions (including convening of shareholders meeting through extraordinary general meeting or postal ballot) for the above mentioned fund raising subject to such regulatory / statutory approvals as may be required including approval of shareholders in this regard."

After the board meeting on Friday, the company will hold a conference call with analysts and institutional investors at 5:30 pm.

Earlier this week, Coforge informed exchanges that it launched EvolveOps.AI, a next-generation Agentic AI powered IT operations management platform. It is designed to empower enterprises to prepare for an AI-first era, leveraging purpose-built hybrid cloud architecture & agentic operations for agility, resilience and transformation. Powered by advanced Agentic AI agents, EvolveOps.AI delivers end-to-end autonomous operations across the lifecycle of enterprise systems running on a hybrid cloud ecosystem.

EvolveOps.AI amplifies and augments investments made by enterprises made in observability, data fabric and automation platforms to accelerate the journey towards Agentic AI powered operations. Built entirely on opensource technologies, EvolvesOps.AI can be deployed quickly leveraging a large repository of pre-built adaptors & plug-ins, a fine-tuned & purpose-built small language model and agentic AI resolver personas to autonomously administer enterprise IT operations management, Coforge said in an exchange filing.

Coforge Q2 earnings

Coforge in the second quarter of current financial year reported an 18.4% quarter-on-quarter (QoQ) increase in its consolidated net profit, attributed to the owners of the company, to ₹375.8 crore.

In the quarter-ago period, the company had clocked a profit of ₹349 crore, it said in a regulatory filing.

During the quarter under review, its revenue from operations witnessed an 8.05% QoQ growth at ₹3,985.7 crore, compared to ₹3,688.9 crore in the first quarter of the same fiscal year.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹728.2 crore for the September quarter of FY26, marking a 15.3% QoQ jump from ₹631.4 crore in the first quarter of FY26.

Its EBITDA margin expanded by 115 basis points (bps) to 18.3% during the quarter, as against 17.1% in the June quarter of FY26.

As of 12:21 pm, Coforge shares traded 3.23% lower at ₹1,681, underperforming the NIFTY IT index which was down nearly 1%.