Coforge Reports Q1 FY27 Results: Revenue Jumps 33.3% YoY as Profitability Accelerates

Coforge Reports Q1 FY27 Results: Revenue Jumps 33.3% YoY as Profitability Accelerates​

Coforge Limited has reported strong financial results for the first quarter of fiscal year 2027 (Q1 FY27), demonstrating significant revenue growth and material improvements in profitability. The company announced a robust consolidated profit and loss statement, driven by high-growth areas and strategic execution across its service lines.

In Q1 FY27, Coforge recorded total revenue of $592.2 million, marking a 33.3% year-on-year (YoY) increase and a 21.1% quarter-on-quarter (QoQ) rise. The company achieved an EBIT margin of 16.0%, which is ahead of the FY27 guidance, while the organic EBIT margin stood at 16.7%.

Profitability metrics showed substantial improvement across the board. EBIT increased by 80.0% YoY, and Profit After Tax (PAT) grew by 45.9% YoY. The company recorded an average Q1 FY27 Earnings Per Share (EPS) of ₹12.34, representing a 67.3% increase on a YoY basis. Free Cash Flow (FCF) was reported at $52.9 million, indicating that FCF/PAT ratio stood at 95.3% in Q1 FY27, compared to -56.5% in Q1 FY26.

Order Intake and Market Positioning​

The company showed strong momentum in securing future business opportunities. Fresh intake for Q1 FY27 was $691 million, up 6.5% QoQ from the previous quarter’s figure of $648 million. The executable book stands at $2,228 million, reflecting a 44.2% increase YoY.

Geographically, the Americas region led the fresh intake efforts. EMEA generated $260 million compared to $156 million in the previous quarter. The client base remains highly engaged, with Top 5 clients contributing 18.0% of Q1 revenue, while the Top 10 clients contributed 26.1%. The repeat business ratio remained steady at 95.7%.

Operational and Strategic Highlights​

Coforge continues to scale its operations, reporting a total headcount of 46,228 employees. Utilization across the company, including trainees, stood at 82.5%. Revenue per headcount / IT Billable Annual basis was reported at $70.6K.

The company highlighted its commitment to AI-led growth through its internal strategy and platform development. Coforge Nuuron, an integrated AI platform, is central to the effort, aiming to operationalize the autonomous enterprise. The strategic rollout includes two archetype categories: Revenue Acceleration (targeting CFO/CMO/CRO buyers) and Efficiency Optimization (targeting COO/CIO/CTO buyers).

The firm reported significant success in its marketplace recognition, noting over 25 AI recognitions, including seven 'Leader' recognitions across various services domains. The company’s internal delivery model innovation includes the ModSquad, which has been operationalized and is reporting productivity gains of 22 to 50% across various SDLC stages (actuals).

Q1 FY27 Financial Snapshot​

The core financial metrics for Coforge in Q1 FY27 are summarized below:

Consolidating Financial Performance (INR Million)​

The performance of the company across key financial metrics in Q1 FY27, compared to previous quarters, is detailed below:


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Coforge Limited is committed to continuous operational improvement, utilizing its AI-native platform to drive outcomes for its enterprise clients.

COFORGE Stock Price Movement​

Shares of Coforge Limited are edging higher to ₹1673.8 as of 1:29 PM today, fueled by a robust surge that pushes the stock up 9.51%. The equity continues its aggressive rally amid heavy trading, with over 12 million shares transacted and maintaining strength well above the intraday low of ₹1567.3.