Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Coforge Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,170 | 2,221 | 2,276 | 2,323 | 2,318 | 2,357 | 3,026 | 3,258 | 3,422 | 3,689 | 3,986 | 4,232 | 4,450 |
| Expenses + | 1,874 | 1,915 | 1,935 | 1,928 | 1,929 | 2,048 | 2,603 | 2,823 | 2,895 | 3,112 | 3,253 | 3,508 | 3,574 |
| Operating Profit | 296 | 306 | 341 | 395 | 390 | 309 | 423 | 435 | 527 | 577 | 732 | 723 | 876 |
| OPM % | 14% | 14% | 15% | 17% | 17% | 13% | 14% | 13% | 15% | 16% | 18% | 17% | 20% |
| Other Income + | -50 | 16 | 9 | 15 | 14 | 6 | 42 | 56 | 33 | 64 | 38 | -127 | -32 |
| Interest | 20 | 22 | 32 | 35 | 37 | 32 | 30 | 32 | 40 | 46 | 41 | 42 | 40 |
| Depreciation | 72 | 76 | 77 | 81 | 79 | 72 | 114 | 116 | 125 | 159 | 172 | 171 | 180 |
| Profit before tax | 155 | 224 | 241 | 294 | 288 | 211 | 320 | 343 | 395 | 436 | 558 | 384 | 625 |
| Tax % | 25% | 22% | 22% | 18% | 20% | 34% | 27% | 25% | 22% | 18% | 24% | 23% | -7% |
| Net Profit + | 117 | 176 | 188 | 243 | 229 | 139 | 234 | 256 | 307 | 356 | 425 | 297 | 666 |
| EPS in Rs | 3.76 | 5.41 | 5.88 | 7.71 | 7.24 | 3.99 | 6.06 | 6.45 | 7.81 | 9.49 | 11.23 | 7.47 | 18.23 |
Financials of Coforge Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,372 | 2,688 | 2,802 | 2,991 | 3,676 | 4,184 | 4,663 | 6,432 | 8,015 | 9,009 | 12,051 | 16,403 |
| Expenses + | 2,036 | 2,214 | 2,322 | 2,489 | 3,026 | 3,459 | 3,882 | 5,330 | 6,733 | 7,562 | 10,357 | 13,467 |
| Operating Profit | 337 | 474 | 480 | 502 | 650 | 725 | 781 | 1,102 | 1,282 | 1,447 | 1,694 | 2,936 |
| OPM % | 14% | 18% | 17% | 17% | 18% | 17% | 17% | 17% | 16% | 16% | 14% | 18% |
| Other Income + | -64 | 20 | 4 | 38 | 46 | 59 | 13 | 52 | 8 | 32 | 137 | -83 |
| Interest | 6 | 8 | 6 | 9 | 9 | 16 | 14 | 65 | 81 | 126 | 135 | 169 |
| Depreciation | 92 | 121 | 128 | 127 | 125 | 173 | 184 | 227 | 258 | 297 | 428 | 682 |
| Profit before tax | 176 | 365 | 351 | 404 | 562 | 595 | 596 | 862 | 951 | 1,056 | 1,269 | 2,003 |
| Tax % | 31% | 21% | 22% | 24% | 25% | 21% | 22% | 17% | 22% | 21% | 26% | 13% |
| Net Profit + | 122 | 287 | 272 | 309 | 422 | 468 | 466 | 715 | 745 | 836 | 936 | 1,745 |
| EPS in Rs | 3.74 | 8.83 | 8.15 | 9.12 | 13.06 | 14.21 | 15.04 | 21.73 | 22.72 | 26.14 | 24.29 | 46.33 |
| Dividend Payout % | 51% | 23% | 31% | 33% | 0% | 44% | 17% | 48% | 56% | 58% | 63% | 9% |
Financials of Coforge Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 61 | 61 | 61 | 62 | 62 | 62 | 61 | 61 | 61 | 62 | 67 | 67 |
| Reserves | 1,296 | 1,511 | 1,625 | 1,712 | 2,010 | 2,334 | 2,406 | 2,672 | 3,021 | 3,565 | 6,312 | 9,470 |
| Borrowings + | 9 | 10 | 25 | 22 | 14 | 35 | 83 | 490 | 562 | 726 | 1,070 | 728 |
| Other Liabilities + | 611 | 702 | 695 | 828 | 748 | 968 | 935 | 1,655 | 1,980 | 1,708 | 4,823 | 4,616 |
| Total Liabilities | 1,977 | 2,285 | 2,407 | 2,624 | 2,834 | 3,400 | 3,484 | 4,878 | 5,625 | 6,061 | 12,272 | 14,881 |
| Fixed Assets + | 558 | 903 | 848 | 879 | 819 | 1,079 | 1,021 | 2,067 | 2,312 | 2,353 | 6,096 | 6,760 |
| CWIP | 120 | 17 | 0 | 1 | 1 | 0 | 0 | 17 | 5 | 23 | 2 | 3 |
| Investments | 55 | 75 | 316 | 365 | 365 | 14 | 12 | 0 | 0 | 0 | 146 | 0 |
| Other Assets + | 1,243 | 1,291 | 1,244 | 1,379 | 1,649 | 2,307 | 2,451 | 2,794 | 3,309 | 3,685 | 6,028 | 8,119 |
| Total Assets | 1,977 | 2,285 | 2,407 | 2,624 | 2,834 | 3,400 | 3,484 | 4,878 | 5,625 | 6,061 | 12,272 | 14,881 |
Financials of Coforge Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 258 | 360 | 472 | 382 | 453 | 297 | 762 | 766 | 950 | 903 | 1,237 | 1,792 |
| Cash from Investing Activity + | -184 | -223 | -343 | -248 | -237 | 136 | -86 | -963 | -269 | -265 | -2,438 | -435 |
| Cash from Financing Activity + | -66 | -73 | -67 | -74 | -106 | -133 | -696 | -156 | -558 | -887 | 1,675 | -1,094 |
| Net Cash Flow | 7 | 64 | 62 | 60 | 109 | 300 | -20 | -353 | 123 | -249 | 474 | 263 |
| Free Cash Flow | 71 | 200 | 387 | 294 | 385 | 227 | 687 | 618 | 797 | 644 | 680 | 1,197 |
| CFO/OP | 104% | 97% | 120% | 98% | 88% | 66% | 119% | 93% | 96% | 88% | 96% | 76% |
Financials of Coforge Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 93 | 80 | 61 | 71 | 58 | 75 | 84 | 79 | 73 | 73 | 78 | 88 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 93 | 80 | 61 | 71 | 58 | 75 | 84 | 79 | 73 | 73 | 78 | 88 |
| Working Capital Days | 48 | 64 | 38 | 30 | 37 | 38 | 33 | 33 | 13 | 30 | 18 | 25 |
| ROCE % | 19% | 25% | 23% | 23% | 30% | 27% | 25% | 32% | 31% | 29% | 20% | 24% |