Tuesday, 28 July 2026

Indian corporate news, decoded into deal flow

DEAL FLOW
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Home / Company Results / Coforge Reports Strong Q1 FY27 Results; Revenue Surges 49%, PAT Jumps 110%
RS · Company Results

Coforge Reports Strong Q1 FY27 Results; Revenue Surges 49%, PAT Jumps 110%

BY ADMIN • FILED 28 Jul 2026, 11:15 AM

Coforge Limited, a global AI-native digital engineering and IT services company, has announced its financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting robust growth across revenue, profitability, and order bookings. The company delivered strong operational performance, driven by increasing demand for AI-led engineering, cloud, and data services.

Consolidated revenue for the quarter stood at ₹55,277 million (₹5,527.7 crore), representing a 49% year-on-year (YoY) increase in Indian rupee terms and 33.3% YoY growth in U.S. dollar terms.

Q1 FY27 Financial Highlights

  • Revenue: ₹55,277 million (₹5,527.7 crore), up 49% YoY in INR terms and 33.3% YoY in USD terms.
  • Profit After Tax (PAT): ₹5,186 million (₹518.6 crore), registering a 110% YoY increase.
  • EBITDA: ₹11,233 million (₹1,123.3 crore), up 74% YoY.
  • EBITDA Margin: Expanded by 285 basis points (bps) YoY to 20.3%.
  • EBIT Margin: Improved by 414 bps YoY to 16.0%, supported by operational efficiencies and greater adoption of AI across client engagements.

Strong Deal Wins and Expanding Order Book

Coforge maintained strong business momentum during the quarter, securing Total Contract Value (TCV) order intake of $691 million, including four large deal wins across North America, Europe, and Latin America.

The company’s executable order book for the next 12 months increased to $2.23 billion, representing a 27% quarter-on-quarter (QoQ) and 44% YoY growth, providing strong revenue visibility for the coming year.

Key Business Highlights

  • Interim Dividend: The Board of Directors declared an interim dividend of ₹4 per equity share, with August 3, 2026, fixed as the record date.
  • AI Innovation: Coforge launched several AI-powered platforms, including:
    • Coforge Neuron, an AI Operating System.
    • NEXT, an Agentic AI platform designed for the insurance industry.
    • Aeronova.AI, an AI solution for airline operations.
  • Employee Attrition: Last Twelve Months (LTM) attrition improved to 10.4%, compared with 10.8% in the previous quarter.

Management Commentary

Commenting on the quarterly performance, Sudhir Singh said that 86% of the company’s revenue now comes from AI-led engineering, cloud, and data services, reflecting Coforge’s successful transformation into an AI-native technology services provider. He added that the company’s expanding AI capabilities, strong deal pipeline, and growing order book position it well for continued growth and market leadership in FY27.