Coforge Limited reported robust financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), ending June 30, 2026. The company achieved a significant 49% year-on-year growth in revenue, reaching INR 55,277 million (USD 592.2 million). Profit After Tax (PAT) also saw a substantial increase of 110% year-on-year to INR 5,186 million (USD 55.6 million). The company also declared an interim dividend of INR 4 per share.
Coforge Reports Strong Q1 FY27 Performance
Coforge Limited has announced its financial results for the first quarter of the fiscal year ending June 30, 2026 (Q1 FY27). The company demonstrated strong growth across key financial metrics, signaling a positive start to the fiscal year.
Key Financial Highlights
- Revenue Growth: Revenue increased by 49% year-on-year (YoY) in INR terms to INR 55,277 million (USD 592.2 million), with a 33.3% YoY growth in USD terms.
- EBITDA: EBITDA grew by 74% YoY in INR terms to INR 11,233 million (USD 120.3 million), with an EBITDA margin of 20.3%.
- EBIT: EBIT saw a significant increase of 101% YoY in INR terms to INR 8,822 million (USD 94.5 million), with an EBIT margin of 16.0%.
- Profit After Tax (PAT): PAT surged by 110% YoY in INR terms to INR 5,186 million (USD 55.6 million).
- Order Book: The next 12 months’ signed order book stands at USD 2.23 billion, an increase of 27% quarter-on-quarter (QoQ) and 44% YoY.
Dividend Recommendation
The Board of Directors has recommended an interim dividend of INR 4 per share. The record date for this dividend payout is set for August 03, 2026.
Operational Performance and Strategic Outlook
The Q1 FY27 performance reflects strong sequential growth and robust YoY expansion, driven by differentiated capabilities and execution intensity. The company highlighted that 86% of its revenues are now coming from Al-led engineering, data, and cloud services, positioning Coforge as an industry growth leader. The acquisition of Encora has been operationally integrated, and the company expresses confidence in FY27 being an exceptional performance year.
Key Business Highlights
- Order Intake: The company secured an order intake of USD 691 million TCV for the quarter.
- Large Deal Momentum: Four large deals were signed across North America, Europe, and Latin America.
- Attrition Rate: LTM attrition was at 10.4%, noted as the lowest in the industry.
- New Product Launches: Coforge launched Coforge Nuuron, an ‘Al Operating System’, and unveiled the ‘NEXA Agentic AI Platform’ for the insurance industry. The company also announced Aeronova.AI, an Al-enabled framework for airlines.
Recognitions and Partnerships
Coforge received multiple recognitions as a ‘Leader’ and ‘Exceptional Performer’ in various industry reports from ISG, Whitelane Research, Everest Group, and Avasant. The company also announced a strategic partnership with Zscaler for its Al-Guardian program.
Source: BSE
