Coforge Ltd Q2 profit jump a $230 million European AI deal

COFORGE Coforge joined the SpaceX Super Intelligence (SpaceXSI) Partner Network as a Transformation Partner on November 6, to deploy Grok AI tools in enterprise production through its Momentuum blue Forward Deployed Engineering unit, leveraging its Nuuron AI-enablement suite and sector expertise. In Q2 FY27, the company reported consolidated net profit of ₹588 crore, up 56.5% year-on-year, on revenue of ₹4,314 crore (up 53.6% YoY), with eight large deals including a $230 million engagement with the UK public sector; the company has deployed over 520 active AI engagements across 225 clients, with 260 AI agents operating in live environments. On the market side, shares hit a fresh record high in November 2026, closing around ₹2,079 on November 5 and trading near ₹2,150 on November 10; Axis Securities has a target of ₹2,245, implying about 18% upside.