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Coforge shares jump after June quarter margin beat and record order book
The executable order book rose to $2.23 billion, while top 10 clients grew 18.7% year over year and contributed 26.1% of Q1 revenue.
Coforge shares rose nearly 10% to around ₹1,677 after the company reported a better-than-expected margin for the June quarter (Q1FY27) and cited strong growth visibility backed by a record order book, according to LiveMint Markets.
The company said the combined Ebit margin was 16%, up 414 basis points year over year and 129 basis points above consensus, though it was lower sequentially. Coforge reported that its performance also exceeded full-year guidance of 15.5%, supported by an organic Ebit margin of 16.7%, with management attributing margin expansion to AI infusion at scale in client delivery and internal operations.
Coforge reported the executable order book increased 44% year over year and 27% sequentially to a record $2.23 billion. Fresh order intakes rose 6.5% sequentially to $691 million in Q1FY27, with four large deal wins across North America, Europe, and Latin America, and the repeat business ratio stayed steady at 95.7%.
On revenue, Coforge said excluding divested businesses, organic revenue in constant currency grew 5.2% sequentially, while organic CC revenue excluding acquisitions rose 1.1%, beating its flat growth guidance. The company also noted that Encora Holdings contributed $100.7 million of revenue in its first two months since consolidation in May, and that it discontinued a $15 million low-margin India Government portfolio in Q1FY27.