Coforge revenue surges after Encora acquisition
Coforge reported Q2 FY27 revenue of ₹6,170.80 cr, up 54% year on year after the Encora acquisition, while continuing-operations PAT rose 42% to ₹604.90 cr. OI Charts data showed short covering with ₹2,000 call and ₹1,900 put-interest zones.
pre-market1 source ↓machine-written, see hownot a recommendation
- COFORGE close
- ₹1,951
- On the day
- +1.35%
- Futures OI, short covering
- -1.8%
- Put-call ratio
- 0.86
- Max pain
- ₹1,900
Coforge reported a sharp expansion in its September-quarter performance, with consolidated revenue rising 54% year on year to ₹6,170.80 cr in Q2 FY27 from ₹4,016.40 cr a year earlier. The growth followed the acquisition of US-based digital engineering firm Encora, which closed on 23 Apr 2026. Net profit attributable to owners rose 57% to ₹588.10 cr, while profit after tax from continuing operations increased 42% to ₹604.90 cr. 💻
The acquisition has materially increased Coforge’s revenue base, but it has also raised balance-sheet and execution considerations. The company identified rising debt, integration costs and weaker profitability in some markets as key concerns. Encora’s contribution therefore improves scale and broadens the digital engineering business, while the quality of earnings, cost integration and leverage remain important for the IT services sector.
Revenue ₹6,170.80 cr and PAT ₹604.90 cr provide the main earnings markers for traders. Sequential operating performance remained stable, with EBIT rising 11.6%, according to the reported results. The available article excerpt did not provide the complete EBIT figure or margin, so no further profitability calculation is included.
OI Charts data for 21 Oct 2026 showed the stock closing at ₹1,951, up 1.35%, on volume of 2,042,275 shares. The stock had gained 7.5% over 20 sessions and traded near its 52-week high of ₹2,021 recorded on 31 Aug 2026. Futures open interest fell 1.8% alongside the price rise, indicating short covering rather than fresh long build-up. The futures premium stood at 0.34%.
For the 27 Oct 2026 expiry, six days away, the put-call ratio was 0.86 and max pain was ₹1,900. The largest call open interest was at ₹2,000, while the largest put open interest was at ₹1,900. These levels frame the immediate derivatives setup: ₹2,000 is the prominent upside open-interest wall and ₹1,900 is the key put-supported reference.
The next focus is management commentary on Encora integration, debt reduction, margin progression and profitability across markets. The stock’s reaction around the ₹2,000 call concentration and ₹1,900 max-pain and put-interest zone will show how traders are positioning after the results. ⚖️
Source: TradingView, 23 Oct 2026
Not investment advice. For informational purposes only.