COFORGE / Q3-FY26 / risks

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Coforge · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ3-FY26 · 2026-01-15Back to quarter ↗

Risk intelligence

Material risks this quarter

Encora integration execution

Integration of Encora may face challenges in achieving synergies and margin targets, with integration expenses expected in Q4 and Q1.

medium

Hedge losses impacting margins

Hedge losses of INR 434 million in Q3 adversely impacted reported EBIT by 26bps; management is revisiting hedging strategy but no final decision yet.

medium

Unbilled revenue and working capital increase

Unbilled revenues increased due to nature of contracts; while management has guardrails, continued rise could pressure cash flows.

low