Coforge misses estimates, posts 138% YoY jump in Q1 profit; revenue surges 50%

Despite missing analyst estimates, mid-tier IT company Coforge outperformed its peers in the first quarter of fiscal year 2026, reporting a 138.4% year-on-year (YoY) rise in net profit to Rs 317.4 crore. Revenue surged over 54% both in rupee and dollar terms, to Rs 3,688.6 crore and $442.4 million, respectively.

Coforge missed Bloomberg consensus estimates, which had pegged its June quarter net profit at Rs 335 crore and revenue at Rs 3,723 crore.

This led the stock, which had briefly made gains earlier in the week, to slip over 9% on Thursday until…