Coforge reports first Encora-inclusive quarter; revenue jumps 49% to ₹5,527 cr
The $2.35B acquisition closed in April 2026 adds its first full quarter to the books. Profit after tax stands at ₹531.7 cr; board declares ₹4/sh interim dividend.
— 5 earlier stories on Coforge Ltd. →What's new
- Q1 revenue ₹5,527.7 cr (+49% YoY); PAT ₹531.7 cr
- Interim dividend ₹4/sh, record date 3 Aug
- OP Bhatt re-appointed chairperson for second term
Why this matters
First quarter fully reflecting the Encora acquisition distorts year-on-year comparison. The market already expected strong growth; the dividend and governance moves are procedural. The real story is integration and margin progress toward the 20.5% EBITDA target set in June.
What we're watching
- Encora integration impact on margins
- China entity disclosure - scale and purpose
- Deal pipeline strength post-acquisition
The full read
Encora is in. This is the first full quarter with its impact. Revenue hit ₹5,527.7 crore, a 49% year-on-year gain. Profit after tax came in at ₹531.7 crore. The board approved an interim dividend of ₹4 per share and re-appointed OP Bhatt for a second term. It also granted in-principle approval for a China entity. The governance items are routine. The open question is margins: Coforge has targeted 20.5% EBITDA by FY27, and that number will determine whether the $2.35 billion Encora acquisition pays off for shareholders. Integration and deal pipeline are the next tests.
Questions answered
- How much did Encora contribute to Q1 revenue?
- The filing does not break out Encora's standalone contribution. The 49% YoY headline growth includes the acquisition's impact for the first full quarter.
- What is the dividend yield from the ₹4 per share interim dividend?
- At the current market cap of ₹66,089 cr, the dividend yield is about 0.5% on an annualised basis if sustained.
- Why was OP Bhatt re-appointed as chairperson?
- His term was expiring in May 2027. The board approved a second five-year term as a standard governance renewal.
- What does the in-principle approval for a China entity mean?
- The board granted initial approval to set up an entity in China, but no further details on size, purpose, or timeline were disclosed.
- How does Q1 revenue compare with the March 2026 quarter?
- Q1 FY27 revenue of ₹5,527.7 cr is about 24% higher than the ₹4,450 cr reported in the March 2026 quarter, reflecting the Encora addition and organic growth.
Coforge Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on COFORGE →- 28 Jul 2026 · 12:19 AM IST Coforge reports first Encora-inclusive quarter; revenue jumps 49% to ₹5,527 cr
- 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 posts first Encora-inclusive quarter with ₹5,528 cr revenue