Wage hike margin impact in Q3
Annual wage hike effective October 1, 2025, expected to cause a 100-150 bps margin drop in Q3, partially offset by other levers.
medium · management_commentaryCoforge Ltd — Q2 FY26
Coforge delivered an exceptional Q2 FY26 with 5.9% sequential constant currency growth and 14% EBIT margin, up 251 bps QoQ.
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Furloughs in Q4 could impact growth
Management expects furloughs at the same scale as previous years, which could affect Q4 revenue sequentially.
low · management_commentaryEMEA demand recovery still uncertain
EMEA has seen delays and slowdowns in deal sign-offs, though management expects recovery in the next two quarters.
medium · analyst_questionHedge losses impacting reported revenue
Hedge losses doubled to INR 307 million in Q2, creating a 150 bps gap between constant currency and dollar revenue growth.
low · data_observation