Coforge starts FY27 on a strong note with record deals and margin beat

Coforge shares surged nearly 10% to around Rs 1,677 after Q1FY27 results beat expectations, with combined EBIT margin at 16% exceeding consensus by 129 basis points and topping the full-year guidance of 15.5%. Organic constant-currency revenue rose 1.1%, beating the company's flat growth guidance, supported by a record executable order book of USD 2.23 billion (up 44% YoY) and fresh order intakes of USD 691 million. Management guided FY27 consolidated EBIT margin at 15.5%, while Encora Holdings added USD 100.7 million in revenue in its first two months since consolidation in May.