COFORGE reported strong 1QFY26 revenue growth of 8.0% QoQ in CC terms, above our estimate of 7.0% QoQ CC. The company reported an order intake of USD507m( +61% YoY) in 1Q with five large deals, resulting in arobust 12-month executable order book of USD1.55b. EBIT margin stood at 13.2%, below our estimate of 14%.