Coforge shares surge 7% after Q1 profit spikes 63% YoY

Coforge shares surged 7 percent after the company reported a strong set of Q1FY27 results, with revenue rising 49 percent year-on-year to Rs 5,527.7 crore and net profit jumping 63 percent YoY to Rs 518.6 crore. Profit fell 15 percent on a sequential basis, but EBITDA margins expanded 285 basis points to 20.3 percent, operating margins improved by 414 bps to 16 percent, and the company posted a record executable order book of $2.23 billion, up 44 percent YoY. The board also declared an interim dividend of Rs 4 per share.