Coforge Q1 Profit Soars 63%, Waaree Expands, HUL Dips

Coforge reported a significant surge in its consolidated net profit for the first quarter, marking a strong start to Q1FY27. This comes as Waaree Renewable Technologies expands into the Australia and New Zealand market, while Hindustan Unilever recorded a dip in its quarterly profit.

The IT services firm saw its consolidated net profit jump by 63.39% to Rs 518.60 crore for the quarter ended June 30, 2026, up from Rs 317.40 crore in the prior year’s period. Consolidated total income also climbed by 49.19%, reaching Rs 5,554.50 crore for the same quarter.

• Q1FY27 Consolidated Net Profit: Rs 518.60 crore (+63.39%)
• Q1FY27 Consolidated Total Income: Rs 5,554.50 crore (+49.19%)

On a standalone basis, Coforge experienced a 43.17% decline in net profit, settling at Rs 204.60 crore. Despite this, standalone total income for the quarter increased by 47.13% to Rs 3,199.80 crore.

• Q1FY27 Standalone Net Profit: Rs 204.60 crore (-43.17%)
• Q1FY27 Standalone Total Income: Rs 3,199.80 crore (+47.13%)

Waaree Renewable Enters ANZ Market

Waaree Renewable Technologies announced its strategic entry into the Australia and New Zealand (ANZ) renewable energy market. The company signed an Early Contractor Involvement (ECI) Agreement with a Special Purpose Vehicle of a leading global Independent Power Producer.

• Market Entry: Australia and New Zealand (ANZ)
• Agreement Type: Early Contractor Involvement (ECI)
• Project: Utility-scale solar photovoltaic (PV) with Battery Energy Storage System (BESS)
• Location: New Zealand
• Partnership: Consortium with two experienced local companies

Hindustan Unilever Sees Profit Decline

Meanwhile, consumer goods giant Hindustan Unilever (HUL) reported a 3.01% fall in its consolidated net profit for Q1FY27, reaching Rs 2,673 crore. This compares to Rs 2,756 crore recorded in the corresponding quarter of the previous year.

• Q1FY27 Consolidated Net Profit: Rs 2,673 crore (-3.01%)
• Q1FY27 Consolidated Total Income: Rs 17,529 crore (+9.84%)

The company’s consolidated total income, however, showed growth, rising by 9.84% to Rs 17,529 crore for the first quarter. Standalone figures mirrored the trend, with net profit declining by 3.70% to Rs 2,631 crore, while total income increased by 9.53% to Rs 16,890 crore.

• Q1FY27 Standalone Net Profit: Rs 2,631 crore (-3.70%)
• Q1FY27 Standalone Total Income: Rs 16,890 crore (+9.53%)

These quarterly results highlight varied performances across key Indian companies as the fiscal year progresses, reflecting diverse sectoral dynamics in Q1FY27.