Coforge shares slide 8% after Q1 earnings miss estimates

Shares of Coforge Ltd fell as much as 7.96% on Thursday to Rs 1,702.40 on BSE, after the mid-tier IT firm’s June quarter results failed to meet analyst expectations despite headline growth in profit and revenues.

Coforge Q1 Results FY26

The Noida-based company posted a consolidated net profit of Rs 317 crore for the first quarter of FY26, up 21.5% sequentially and 138.4% year-on-year. Revenue rose 8.2% quarter-on-quarter to Rs 3,689 crore. However, the results slightly missed Bloomberg consensus estimates, which had pegged net profit at Rs 335 crore and revenue at Rs 3,723 crore.

Coforge also declared an interim dividend of Rs 4 per share, with July 31 set as the record date.


While revenue and profit rose sharply on a year-on-year basis, Coforge reported a contraction in operating margin. Ebitda margin for the quarter stood at 17.5%, up 61 basis points from the previous quarter.

The stock, which had briefly gained earlier in the week, extended its decline on Thursday after closing 0.7% lower on Wednesday at Rs 1,846.20. It has been largely flat over the past month.

Robust deal pipeline

Despite the muted stock reaction, Coforge reported strong deal momentum. The company secured $507 million in new order intake during the quarter, taking its executable order book over the next twelve months to $1.55 billion, a 46.9% increase over the same period last year. The company said it signed five large deals across North America, the UK, and the Asia-Pacific region.

Headcount, attrition steady

Employee additions remained robust, with the company reporting a net headcount increase of 1,164 during the quarter, taking its total workforce to 34,187. Attrition held steady at 11.3%, which the company noted was among the lowest in the industry.

Coforge released its earnings post-market hours on Wednesday, July 23.

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