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Coforge has inaugurated the Coforge Data & AI Lab at IIT (BHU), Varanasi. Established under a formal Memorandum of Understanding (MoU) between Coforge and IIT (BHU), Varanasi this initiative marks a significant milestone in Coforge's CSR commitment to building a sustainable, future-focused model of industry-academic collaboration in Artificial Intelligence and Data Science.
Located in the I-DAPT building on the iconic IIT (BHU), Varanasi campus, the 980 sq. ft. lab is designed to foster innovation and experiential learning. It features 32 high-end Apple desktops, Azure cloud access, a video conferencing facility, and curated learning modules via Percipio. Students and researchers at IIT (BHU), Varanasi will now have access to a live, enterprise-grade environment to explore real-world AI and data science applications, supported by structured learning and mentorship from Coforge's Data and AI experts.
SAIL, Sammaan Capital shares are banned from F&O trading on Monday, 27 October 2025.
Earnings Today:
Adani Energy Solutions, Canara HSBC Life Insurance Company, Indus Tower, IOCL, JK Tyre, KFin Tech, Mazagon Dock Shipbuilders, Supreme Industries will declare their results later today.
Stocks To Watch:
Reliance Industries (RIL) has announced the incorporation of Reliance Enterprise Intelligence Limited (REIL), a new entity set up by its wholly owned arm Reliance Intelligence. Reliance Intelligence will hold a 70% stake, while Facebook will own 30%. The partners have committed a combined initial investment of about Rs 855 crore to develop, market, and distribute enterprise AI services.
Meanwhile, on Friday, 24 October 2025, RIL said it is evaluating the implications of recent restrictions imposed by the European Union, United Kingdom, and United States on crude oil imports from Russia and export of refined products to Europe. The company added that it will comply with the EU’s latest guidelines on refined product imports and will follow any directives issued by the Indian government.
Coforge has reported an 18.4% rise in consolidated net profit to Rs 375.8 crore on an 8.05% increase in revenue to Rs 3,985.7 crore in Q2 FY26 as compared with Q1 FY26. The board declared a second interim dividend of Rs 4 per share (face value Rs 2) for FY 2025–26, with 31 October 2025 as the record date. The dividend will be paid within 30 days of declaration.
Kotak Mahindra Bank’s standalone net profit slipped 2.70% to Rs 3,253.33 crore in Q2 FY26 as against Rs 3,343.72 crore posted in Q2 FY25. However, total income rose 2.12% year on year (YoY) to Rs 16,238.59 crore in Q2 FY26.
eClerx Services’s consolidated net profit rose 30.62% to Rs 183.19 crore on a 20.8% increase in revenue from operations to Rs 1,004.85 crore in Q2 FY26 over Q2 FY25.
Dr Reddys Laboratories’ consolidated net profit jumped 14.49% to Rs 1,437.2 crore on 9.84% increase in revenue from operations to Rs 8,805.1 crore in Q2 FY26 over Q2 FY25. In its global generics business, North America contributed Rs 3,240.8 crore in revenue, a 13.07% year-on-year decline. Revenue from Europe surged 138.50% to Rs 1,376.2 crore.
SBI Cards and Payment Services reported 9.97% jump in standalone net profit to Rs 444.77 crore in Q2 FY26 as against Rs 404.42 crore posted in Q2 FY25. Total revenue from operations stood at Rs 4,960.98 crore in the second quarter of FY26, up 12.21% year on year.
EBITDA improved by 15.33% QoQ to Rs 728.2 crore, and EBITDA margin expanded by 115 basis points QoQ to 18.3% in Q2 FY26.
Profit before tax in Q2 FY26 stood at Rs 558.2 crore, up by 52.76% from Rs 365.4 crore in Q1 FY26.
Coforge’s order intake for the quarter was $514 million. The executable order book over the next twelve months is at $1.63 billion, a 26.7% YoY increase. The company signed 5 large deals in Q2 FY26 across North America and APAC.
Headcount as of 30 September 2025 stood at 34,896, with a net addition of 709 sequentially. The company managed to maintain its attrition rate at 11.4%, which is among the lowest in the industry.
Sudhir Singh, chief executive officer and executive director of Coforge, said, 'The 8.1% sequential INR growth in Q2, a next twelve-month signed order book that is 26.7% higher YoY, a sales execution engine that signed 14 large deals last year and has already closed 10 large deals in the first half of this year, and an EBIT margin expansion of 250 bps QoQ, coupled with one of the lowest employee attrition rates across the industry, are all pointers to what we believe will be an exceptional fiscal year '26. We remain steadfast in our commitment to turning in the ninth consecutive year of sustained and robust growth despite the uncertain macros.”
The board declared a second interim dividend of Rs 4 per share (face value Rs 2) for FY 2025–26, with 31 October 2025 as the record date. The dividend will be paid within 30 days of declaration.
Coforge is a global digital services and solutions provider that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. It leads with its product engineering approach and leverages AI, cloud, data, integration, and automation technologies to transform businesses into intelligent, high-growth enterprises.