Coforge Limited — quarter ended March 31, 2026 (audited) and year ended March 31, 2026 (audited)
| S. No. | Name of the Entity |
|---|---|
| 1 | Coforge Limited |
| 2 | Coforge Technologies Private Limited (Erstwhile Coforge DPA Private Limited) |
| 3 | Coforge Business Process Solutions Private Limited |
| 4 | Coforge Solutions Private Limited |
| 5 | Coforge Inc. USA |
| 6 | Coforge Pte Ltd. |
| 7 | Coforge U.K. Ltd. |
| 8 | Coforge GmbH |
| 9 | Coforge FZ LLC |
| 10 | Coforge Airline Technologies GmbH |
| 11 | Coforge DPA UK Ltd. |
| 12 | Coforge DPA Australia Pty Ltd. |
| 13 | Coforge DPA NA Inc. |
| 14 | Coforge DPA Ireland Limited |
| 15 | Coforge BPM Inc. |
| 16 | Coforge Healthcare Digital Automation LLC |
| 17 | Coforge Technologies (Australia) Pty Ltd. |
| 18 | Coforge Limited, Thailand |
| 19 | Coforge BV |
| 20 | Coforge S.A. |
| 21 | Coforge SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA |
| 22 | Coforge SDN. BHD |
| 23 | Coforge S.R.L. |
| 24 | Coforge A.B. |
| S. No. | Name of the Entity |
|---|---|
| 25 | Coforge SpA |
| 26 | Coforge SF Limited, UK |
| 27 | Coforge BPS Philippines INC |
| 28 | Coforge BPS America Inc. |
| 29 | Coforge BPS North Carolina LLC |
| 30 | Coforge Japan G K |
| 31 | COFORGE, S.A. de C.V. |
| 32 | Coforge Limited – Company One Person |
| 33 | PT. Coforge Indonesia Services |
| 34 | Cigniti Technologies Limited (amalgamated with the Holding Company, appointed date April 1, 2025) |
| 35 | Cigniti Technologies Inc |
| 36 | Cigniti Technologies UK Ltd |
| 37 | Cigniti Technologies (Canada) Inc |
| 38 | Cigniti Technologies (Australia) Pty Ltd |
| 39 | Aparaa Digital Private Limited |
| 40 | Cigniti Technologies (CZ) Limited s.r.o. |
| 41 | Cigniti Technologies (SG) Pte. Ltd |
| 42 | Gallop Solutions Private Limited |
| 43 | Cigniti Technologies CR Limitada |
| 44 | Xceltrait Inc |
| 45 | Rythmos Inc. |
| 46 | Rythmos India Private Limited |
| 47 | Coforge Services Pty Ltd (Erstwhile TmLabs Pty Ltd) |
| 48 | Roundsqr Pty Ltd |
| 49 | Artexmind S.A. |
| Particulars | Quarter ended March 31, 2026 (Refer note 13) | Preceding Quarter ended December 31, 2025 (Refer note 9) | Corresponding Quarter ended March 31, 2025 (Refer note 9 and 13) | Year ended March 31, 2026 | Year ended March 31, 2025 (Refer note 9) |
|---|---|---|---|---|---|
| I. Revenue from operations (Refer note 9) | 44,504 | 42,315 | 34,222 | 164,027 | 120,733 |
| II. Other income | 221 | 207 | 315 | 732 | 1,647 |
| III. Total | 44,725 | 42,522 | 34,537 | 164,759 | 122,380 |
| Purchases of stock-in-trade | 9 | 22 | 25 | 65 | 101 |
| Employee benefits expense | 23,975 | 23,309 | 19,958 | 92,161 | 72,241 |
| Professional charges (Refer note 10) | 6,233 | 5,393 | 3,767 | 21,918 | 13,902 |
| Other production expenses (Refer note 10) | 3,567 | 3,836 | 2,583 | 12,045 | 9,149 |
| Finance costs | 400 | 415 | 397 | 1,686 | 1,347 |
| Depreciation and amortization expense | 1,800 | 1,708 | 1,254 | 6,819 | 4,276 |
| Net (gain)/loss on exchange fluctuations (Refer note 9) | 403 | 502 | 168 | 1,103 | 281 |
| Other expenses (Refer note 10) | 1,552 | 2,019 | 2,452 | 7,374 | 8,122 |
| Total expenses | 37,939 | 37,204 | 30,604 | 143,171 | 109,419 |
| Profit before exceptional items and tax (III-IV) | 6,786 | 5,318 | 3,933 | 21,588 | 12,961 |
| Exceptional items (Refer note 7, 8 and 11) | 536 | 1,476 | – | 2,260 | – |
| Profit before tax (V-VI) | 6,250 | 3,842 | 3,933 | 19,328 | 12,961 |
| – Current tax | 1,121 | 1,328 | 1,170 | 5,024 | 4,033 |
| – Deferred tax | (1,533) | (453) | (296) | (2,441) | (707) |
| Total tax expense | (412) | 875 | 874 | 2,583 | 3,326 |
| Profit for the period / year from continuing operations (VII-VIII) | 6,662 | 2,967 | 3,059 | 16,745 | 9,635 |
| (Loss)/Profit after tax for the period / year from discontinued operations (Refer note 6) | – | – | 14 | 702 | (274) |
| Profit for the period / year | 6,662 | 2,967 | 3,073 | 17,447 | 9,361 |
| Profit attributable to owners of Coforge Limited | 6,123 | 2,502 | 2,612 | 15,557 | 8,121 |
| Profit attributable to non-controlling interests | 539 | 465 | 461 | 1,890 | 1,240 |
| A. Items that will be reclassified to profit or loss | – | – | – | – | – |
| – Deferred gains / (loss) on cash flow hedges | (1,376) | (30) | 90 | (2,419) | (128) |
| – Exchange Differences on Translation of Foreign Operations | 775 | 277 | 214 | 2,172 | 345 |
| – Income tax relating to items that will be reclassified to profit or loss | 317 | (2) | (24) | 570 | 35 |
| B. Items that will not be reclassified to profit or loss | – | – | – | – | – |
| – Remeasurement of post – employment benefit obligations (expenses) / income | (70) | (11) | 119 | (69) | 221 |
| – Income tax relating to items that will not be reclassified to profit or loss | 22 | (29) | (38) | (8) | (58) |
| Total | (332) | 205 | 361 | 246 | 415 |
| Total comprehensive Income for the period (Comprising Profit and other comprehensive income for the period) | 6,330 | 3,172 | 3,434 | 17,693 | 9,776 |
| – Owners of Coforge Limited | 5,722 | 2,683 | 2,951 | 15,659 | 8,454 |
| – Non-Controlling interests | 608 | 489 | 483 | 2,034 | 1,322 |
| (Face Value of Rs 2 each, fully paid) (Refer note 3) | 672 | 670 | 669 | 672 | 669 |
| Other equity | – | – | – | 94,704 | 63,123 |
| Earnings Per Share for Continuing Operations: – Basic | 18.23 | 7.45 | 7.76 | 44.35 | 25.43 |
| Earnings Per Share for Continuing Operations: – Diluted | 18.10 | 7.38 | 7.69 | 43.83 | 25.23 |
| Earnings Per Share for Discontinued Operations: – Basic | – | – | 0.04 | 2.09 | (0.83) |
| Earnings Per Share for Discontinued Operations: – Diluted | – | – | 0.04 | 2.07 | (0.82) |
| Earnings Per Share for Continuing & Discontinued Operations: – Basic | 18.23 | 7.45 | 7.80 | 46.44 | 24. |
| Particulars | Consolidated Audited As at March 31, 2026 | Consolidated Audited As at March 31, 2025 |
|---|---|---|
| Assets | ||
| Non-current assets | ||
| Property, plant and equipment | 9,425 | 7,682 |
| Right-of-use assets | 3,056 | 3,554 |
| Capital work-in-progress | 33 | 24 |
| Goodwill | 41,671 | 38,430 |
| Other Intangible assets | 13,443 | 11,296 |
| Trade receivables | 8,477 | 3,911 |
| Other financial assets | 980 | 893 |
| Income tax assets (net) | – | 119 |
| Deferred tax assets (net) | 6,870 | 5,470 |
| Other non-current assets | 5,801 | 5,913 |
| Total non-current assets | 89,756 | 77,292 |
| Current assets | ||
| Contract assets | 3,339 | 2,426 |
| Investments | – | 1,457 |
| Trade receivables | 39,700 | 25,771 |
| Cash and cash equivalents | 10,936 | 7,956 |
| Other bank balances | 56 | 876 |
| Other financial assets | 118 | 535 |
| Other current assets | 4,909 | 4,487 |
| Total current assets | 59,058 | 43,508 |
| Assets held for sale | – | 4,107 |
| Total Assets | 148,814 | 124,907 |
| Equity and liabilities | ||
| Equity | ||
| Equity share capital | 672 | 669 |
| Other equity | 94,704 | 63,123 |
| Equity attributable to owners of Coforge Limited | 95,376 | 63,792 |
| Non-controlling interests (“NCI”) (Refer note 12) | 1,430 | 19,498 |
| Total Equity | 96,806 | 83,290 |
| Liabilities | ||
| Non-current liabilities | ||
| Borrowings | 1,167 | 67 |
| Lease liabilities | 2,187 | 2,735 |
| Trade payables | 2,040 | 1,844 |
| Other financial liabilities | 4,534 | 3,653 |
| Employee benefit obligations | 3,189 | 1,743 |
| Deferred tax liabilities (Refer note 12) | 353 | 2,184 |
| Other non-current liabilities | 1,844 | 1,591 |
| Total non-current liabilities | 15,314 | 13,817 |
| Current liabilities | ||
| Borrowings | 2,830 | 6,938 |
| Lease liabilities | 1,094 | 964 |
| Trade payables | 17,754 | 9,883 |
| Other financial liabilities | 7,188 | 4,554 |
| Employee benefit obligations | 987 | 706 |
| Current tax liabilities (net) | 764 | – |
| Other current liabilities | 6,077 | 4,330 |
| Total current liabilities | 36,694 | 27,375 |
| Total liabilities | 52,008 | 41,192 |
| Liabilities directly associated with assets held for sale | – | 425 |
| Total equity and liabilities | 148,814 | 124,907 |
| Particulars | Consolidated Audited Year ended March 31, 2026 | Consolidated Audited Year ended March 31, 2025 (Refer note 9) |
|---|---|---|
| Cash flow from operating activities | ||
| Profit before tax after exceptional items – From Continuing Operations | 19,328 | 12,961 |
| Profit before tax after exceptional items – From Discontinued Operations | 702 | (425) |
| Depreciation and amortisation expense | 6,819 | 4,683 |
| Changes in contingent consideration payable on business combination | (346) | – |
| (Gain) / Loss on discontinued operations | (702) | – |
| (Gain) / loss on disposal of property, plant and equipment (net) | (3) | (211) |
| Interest and finance charges | 1,581 | 1,305 |
| Employee share-based payment expense | 1,909 | 1,700 |
| Impairment for trade receivables & contract assets (net) | 340 | 68 |
| Dividend and interest income | (334) | (846) |
| Unwinding of discount – finance Income | (371) | (216) |
| Total Adjustments | 8,893 | 6,483 |
| Changes in operating assets and liabilities – (Increase)/decrease in trade receivables | (15,516) | (7,425) |
| Changes in operating assets and liabilities – (Increase)/decrease in other financial assets | 1,020 | (450) |
| Changes in operating assets and liabilities – (Increase)/decrease in other assets | 685 | (3,733) |
| Changes in operating assets and liabilities – Increase/(decrease) in employee benefit obligations | 1,523 | 511 |
| Changes in operating assets and liabilities – Increase/(decrease) in trade payables | 6,097 | 1,680 |
| Changes in operating assets and liabilities – Increase/(decrease) in other liabilities | (430) | 6,728 |
| Cash used from operations | (6,621) | (2,689) |
| Income taxes paid | (4,385) | (3,959) |
| Net cash inflow from operating activities | 17,917 | 12,371 |
| Cash flow from investing activities – Purchase of property, plant and equipment | (7,425) | (6,144) |
| Cash flow from investing activities – Proceeds from sale of property, plant and equipment | 1,474 | 572 |
| Cash flow from investing activities – Proceeds from sale of Subsidiary, net of transaction expenses | 2,998 | – |
| Cash flow from investing activities – Acquisition of a subsidiary / operations, net of cash acquired | (3,206) | (20,810) |
| Cash flow from investing activities – Proceeds from sale of current investments | 1,551 | 1,185 |
| Cash flow from investing activities – Interest received on bank deposits | 260 | 714 |
| Net cash outflow from investing activities | (4,348) | (24,483) |
| Cash flow from financing activities – Proceeds from issue of shares (including securities premium) | 3 | 22,015 |
| Cash flow from financing activities – Purchase of additional stake in subsidiaries | (114) | (184) |
| Cash flow from financing activities – Proceeds from borrowings | 1,976 | 6,039 |
| Cash flow from financing activities – Repayment of borrowings | (5,154) | (3,716) |
| Cash flow from financing activities – Payment of principal portion of lease liabilities | (1, |