Guidance ledger · Q4 FY26

Coforge Ltd COFORGE

3 revisions on record · 0 lowered · 3 raised — the strikethrough is what management used to say

gives specific guidance · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised FY27 EBITDA margin (consolidated) Q3 FY26 → Q4 FY26

~~18% reported EBITDA (Q4FY25 pledge)~~ → 20.5% to 21% in FY27 on a consolidated basis

“EBITDA margins of 20.5% to 21% in FY27 on a consolidated basis”

↑ raised FCF to PAT sustained guidance Q3 FY26 → Q4 FY26

~~70% to 80%~~ → 100% from FY27 onwards

“we anticipate free cash flow to PAT to be maintained at 100% from FY27 onwards in contrast to our earlier guidance of 70 to 80%.”

↑ raised FY27 EBIT margin (standalone) Q3 FY26 → Q4 FY26

~~Aspirational margin further increase over FY26 (directional)~~ → 16.5% to 17% on a standalone basis

“EBIT margins of 16.5% to 17% on a standalone basis”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.