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Earnings Call

Coforge Earnings Call: Key Takeaways

Coforge Limited delivered a robust FY26 with 29.2% USD revenue growth, signaling a structural reset in margin profiles led by AI-driven backend automation and successful cross-selling from acquisitions.

Highlights
Revenue growthUSD revenue up 29.2% YoY; strong broad-based vertical performance.
MarginsEBITDA margins rising toward 21% through AI-led operational efficiency.
Order bookRecord executable order book of $1.75 billion, up 16.4% YoY.
Demand visibilityStrong demand in AI modernization, travel, and UK public sector.
Management confidenceHighly confident, citing 9-year track record of meeting guidance targets.

Growth

USD revenue grew 29.2% YoY; EBITDA expanded 370bps to 18.6% with record 110% free cash flow conversion.

Outlook

FY27 EBITDA margin guidance at 20.5%-21.0%; EBIT margins at 15.5% (consolidated) including Enpora integration.

Risks

Single client concentration in banking vertical impacted growth; exposure to UK public sector remains a concentrated risk.

Source

Earnings Call filed with NSE, NSE: COFORGE. Summary written with AI assistance from the document.

Read the document ↗

Coforge Ltd: key numbers

Share price
₹1,784.00
Market cap
₹79,027 Cr
Revenue (annual)
₹16,403 Cr
Net profit (annual)
₹1,556 Cr
P/E (TTM)
45.0×Sector 22.1×
Promoter holding
0.00%+0.00% QoQ
FII holding
24.31%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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