Coforge Q4 profit jumps to ₹612 crore; revenue rises 5% sequentially

Coforge reported a strong March-quarter performance, with revenue growth, higher operating profit and sharp margin expansion, while management said AI-led efficiencies would support further profitability gains in FY27.

Coforge Ltd reported a consolidated net profit of ₹612 crore for the quarter ended March 31, 2026, compared with ₹250 crore in the previous quarter.

Revenue from operations rose 5.2% sequentially to ₹4,450 crore, against ₹4,232 crore in the December quarter. On a year-on-year basis, revenue grew 30% in rupee terms, 28.7% in constant currency terms and 21.2% in dollar terms, the company said.

The sharp rise in Coforge’s Q4 profit was driven by stronger operating leverage and margin expansion, but the reported PAT also received a one-off boost from reversal of deferred tax liability related to the Cigniti merger. The company said normalised PAT for the quarter would have been $47 million, against reported PAT of $67.3 million.

The company’s EBIT rose 25.7% QoQ to ₹696 crore, compared with ₹554 crore in the previous quarter. Operating performance was supported by stronger revenue growth and margin expansion during the quarter.

Coforge said its Q4 EBITDA stood at ₹916.8 crore, or $100.8 million, up 18.5% sequentially and 56.2% year-on-year in rupee terms. EBITDA margin came in at 20.6%, expanding 232 basis points quarter-on-quarter.

FY26 performance

For the full year FY26, Coforge reported revenue of ₹16,420.7 crore, or $1.87 billion, up 35.9% YoY in rupee terms and 29.2% YoY in dollar terms. EBITDA rose 76.9% YoY in rupee terms to ₹3,046.4 crore, while EBIT increased 82.7% YoY to ₹2,364.5 crore.

PAT for FY26 stood at ₹1,555.7 crore, or $177.4 million, up 91.6% in rupee terms and 82.1% in dollar terms.

Order book and FY27 outlook

Coforge’s order intake stood at $648 million during the quarter, with five large deals signed in Q4. Its executable order book over the next 12 months stood at $1.75 billion, up 16.4% YoY.

The company ended the quarter with a headcount of 35,777, adding 436 employees sequentially. Its last-twelve-month attrition rate stood at 10.8%.

Coforge CEO Sudhir Singh said FY26 marked another year of “exceptional performance” for the company, with strong revenue growth and material EBIT margin expansion.

“With an order executable of $1.75Bn, we enter FY27 with strong momentum and confidence. We expect to deliver robust revenue growth in FY27 and plan to deliver an EBITDA of more than 20.5% on a consolidated basis in FY27,” Singh said.

The board also fixed May 16, 2026 as the record date for determining the eligibility of Cigniti shareholders to receive Coforge equity shares under the amalgamation scheme. The dividend proposal has been deferred to the next board meeting. 

Shares of Coforge ended 1.42% higher at ₹1,168.00 apiece on the NSE on Tuesday. Over the past year, the stock has declined more than 22%, slightly underperforming the Nifty IT index, which has slipped over 19% during the same period.