Coforge posts first Encora-inclusive quarter with ₹5,528 cr revenue
The all-stock deal that closed in April transforms Coforge into a larger AI-native engineering firm. Board declares ₹4 dividend, approves China entity, reappoints O P Bhatt.
— 5 earlier stories on Coforge Ltd. →What's new
- First full quarter reflecting the Encora acquisition; revenue hits ₹5,528 cr.
- Interim dividend of ₹4 per share declared, record date August 3.
- Board gives in-principle nod to set up a new entity in China; O P Bhatt reappointed as chairperson.
Why this matters
The Encora acquisition reshapes Coforge's scale. Revenue of ₹5,528 cr marks a 49% YoY jump, signalling the combined entity's heft. The dividend and China expansion indicate management confidence, but margin and integration costs are not yet detailed.
What we're watching
- EBITDA margin trajectory against the 20.5% target for FY27.
- Exceptional costs from the integration and their impact on profitability.
- Progress toward the stated $5B revenue ambition by FY30.
The full read
Coforge just reported its first Encora-inclusive quarter. Revenue of ₹5,528 crore, a 49% year-on-year leap and 24% above the preceding March quarter, gives initial visibility into the combined entity's AI-native engineering scale. The board declared an interim dividend of ₹4 per share and approved expansion into China. O P Bhatt was reappointed chairperson for a second term starting May 2027. The results are backward-looking and largely anticipated, but the sheer shift in size from a ₹4,450 crore quarterly run rate to ₹5,528 crore underlines the deal's impact. What remains open: the margin trajectory (management targets 20.5% EBITDA for FY27) and the cost of stitching Encora into Coforge. The integration has just begun.
Questions answered
- What is Coforge's Q1 FY27 revenue?
- Coforge reported consolidated revenue of ₹5,528 crore for the quarter ended June 30, its first result fully incorporating the Encora acquisition.
- How does this revenue compare to the previous quarter?
- Revenue rose 24% sequentially from ₹4,450 crore in Q4 FY26 (March 2026 quarter), and 49% year-on-year from the prior year period.
- What dividend has been declared?
- The board declared an interim dividend of ₹4 per share. The record date for eligibility is August 3.
- What is the China entity approval about?
- The board gave in-principle approval to establish a new entity in China to support the company's geographic expansion plans.
- Who is O P Bhatt?
- O P Bhatt is the independent director and chairperson of Coforge. He was re-appointed for a second five-year term, effective May 2027.
- When did the Encora deal close and how was it structured?
- The all-stock acquisition of Encora closed in April 2026, transforming Coforge into a larger AI-native engineering services firm. Deal specifics beyond the stock exchange were not disclosed in the filing.
Coforge Ltd.
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All notes on COFORGE →- 28 Jul 2026 · 12:39 AM IST Coforge posts first Encora-inclusive quarter with ₹5,528 cr revenue
- today Coforge lifts FCF conversion target to >100%, flags strong Encora payoffs
- 1d ago Coforge revenue jumps 49% as Encora kicks in
- 1d ago Coforge revenue jumps 49% in first Encora quarter to ₹5,527.7 cr
- 1d ago Coforge reports first Encora-inclusive quarter; revenue jumps 49% to ₹5,527 cr