{"id":1024466,"date":"2026-07-29T08:54:12","date_gmt":"2026-07-29T03:24:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1024466"},"modified":"2026-07-29T09:25:41","modified_gmt":"2026-07-29T03:55:41","slug":"coforge-q1-profit-slips-due-to-one-time-acquisition-charge-revenue-grows-by-24-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/29\/coforge-q1-profit-slips-due-to-one-time-acquisition-charge-revenue-grows-by-24-2\/","title":{"rendered":"Coforge Q1 profit slips due to one-time acquisition charge; revenue grows by 24.2%"},"content":{"rendered":"<p>Mid-cap IT firm Coforge on Monday reported a 15.3% sequential decline in net profit for the April-June quarter FY27 to Rs 519 crore from Rs 612 crore in the previous quarter while revenue increased by 24.2% sequentially to Rs 5,528 crore from Rs 4,450 crore. <\/p>\n<p>However, on a year-on-year (y-o-y) basis, the Noida-headquartered firm\u2019s net profit jumped by 63.4% from Rs 228.5 crore. <\/p>\n<p>The company attributed the fall in profitability to one-time costs including a Rs 61.3 crore charge for the Encora acquisition closed last quarter, Rs 5 crore for legal expenses and a Rs 10.8 crore provision against a customer receivable after a bankruptcy filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mid-cap IT firm Coforge on Monday reported a 15.3% sequential decline in net profit for the April-June quarter FY27 to Rs 519 crore from Rs 612 crore in the previous quarter while revenue increased by 24.2% sequentially to Rs 5,528 crore from Rs 4,450 crore. However, on a year-on-year (y-o-y) basis, the Noida-headquartered firm\u2019s net profit jumped by 63.4% from Rs 228.5 crore. The company attributed the fall in profitability to one-time costs including a Rs 61.3 crore charge for the Encora acquisition closed last quarter, Rs 5 crore for legal expenses and a Rs 10.8 crore provision against a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1024466","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1024466"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024466\/revisions"}],"predecessor-version":[{"id":1024467,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1024466\/revisions\/1024467"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1024466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1024466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1024466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}