Coforge stock heads into Q2 results after chair change

Published on 10/07/2026 at 03:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 FY27 revenue reached USD 592.2 million, up 33.3 percent year over year in dollar terms. Coforge stock also carries a key October 23 results date.

Coforge, INE591G01017, Illustration mit AI erstellt.

Coforge (ISIN INE591G01017) was trading at INR 1,849.70 on the NSE on October 6, 2026 at 3:15 p.m. IST, down 0.12 percent from the previous close. The immediate company issue is a board reset before the next quarterly checkpoint, with Business Standard reporting on September 29, 2026 that Akhil Gupta became chairperson and a non-executive independent director for five years.

Q1 revenue rose 33.3 percent

The operating picture remains the stronger counterweight to the governance change. According to DSIJ, Coforge generated USD 592.2 million of consolidated revenue in Q1 FY27, up 33.3 percent year over year and 21.1 percent quarter over quarter. Consolidated EBIT margin reached 16.0 percent, above management guidance of at least 15.5 percent.

The comparison is mixed beneath the headline growth. Adjusted PAT was INR 5.6 billion in Q1 FY27, up 83.2 percent year over year but down 14.4 percent quarter over quarter, with acquisition-related costs affecting the sequential result, according to DSIJ.

Order book reaches USD 2.23 billion

Coforge entered FY27 with a 12-month executable order book of USD 2.23 billion, up 44.2 percent year over year, while Q1 order intake totaled USD 691 million. The same DSIJ report said Encora delivered a 19.1 percent EBIT margin in its first quarter under Coforge.

Management retained FY27 consolidated EBITDA margin guidance of 20.5 percent to 21.0 percent and EBIT margin guidance of at least 15.5 percent. That places integration execution and cash conversion alongside board stability as the main tests for the next report.

Q2 results date is October 23

The next scheduled checkpoint is October 23, 2026, when Coforge's board is due to consider Q2 FY27 results for the period ended September 30, 2026, according to EarningsCanvas. The date matters because the June quarter included only two months of Encora consolidation, making the next period a cleaner test of the combined group's margin trajectory.

Consensus data from Investing.com showed a Buy rating from 35 analysts, with 31 Buy recommendations, 4 Sell recommendations and no Hold recommendations. The average 12-month price target was INR 1,992.71, with a high of INR 2,870 and a low of INR 1,236.

Stock trades below yearly high

Coforge was last at INR 1,849.70 on the NSE on October 6, 2026, with a 52-week range of INR 1,008.10 to INR 2,021.20 and volume of 1,921,477 shares. Its market capitalization was INR 818.4 billion on that date.