Coforge Q1 profit jumps 63 pc to Rs 519 crore

New Delhi, Jul 28 (PTI) IT solutions firm Coforge on Tuesday posted a 63.3 per cent jump in consolidated net profit to Rs 518.6 crore in the June quarter.

The company had reported a net profit (attributable to owners) of Rs 317.4 crore in the year-ago period, according to regulatory filings.

Coforge’s revenue from operations surged 49.2 per cent to Rs 5,527.7 crore in Q1 FY27, from Rs 3,704.4 crore in Q1 FY26.

Seen sequentially, profit fell 15.3 per cent while revenue grew 24.2 per cent.

“Our Q1 performance reflects the strength of our differentiated capabilities and an execution intensity that is uniquely our own. The confluence of our next twelve-month signed order book of USD 2.23 billion, an exceptionally strong large deal pipeline and differentiated capabilities,

with 86 per cent of our revenues coming from AI-led engineering, data and cloud services, has set us up to be the industry growth leader for the third year running.

“With the Encora acquisition completely operationally integrated and with strong demand, record visibility, and a rapidly expanding pipeline of AI-led opportunities, FY27 is shaping up to be an exceptional performance year for the firm,” said Sudhir Singh, Chief Executive Officer and Executive Director, Coforge.

Coforge recorded a fresh order intake of USD 691 million during the June quarter, led by strong demand in the Americas.

The total headcount reached 46,228 at the end of the first quarter, with a net addition of 10,451 employees year-on-year. PTI ANK TRB