Coforge Q4 FY26 profit jumps 145% to Rs 612 cr

Key takeaway from the quarter

Coforge posted a sharp jump in profitability in Q4 FY26, with consolidated net profit more than doubling sequentially even as revenue growth stayed in mid-single digits. The company reported consolidated net profit of Rs 612.3 crore, up 144.72% over Q3 FY26. Revenue from operations rose 5.17% sequentially to Rs 4,450.4 crore. On a year-on-year basis, the company reported net profit up 134.42% and revenue up 5.17% in Q4 FY26. The results also included exceptional items during the quarter, which affected the profit bridge. The stock ended the session higher after the announcement.

Q4 FY26 headline numbers

The quarter was marked by higher operating profit and an improvement in profitability ratios. Profit before exceptional items and tax stood at Rs 678.6 crore, up 27.6% quarter-on-quarter and 72.54% year-on-year. The company reported exceptional items of Rs 53.6 crore in Q4 FY26. EBITDA increased 18.5% sequentially to Rs 916.8 crore. EBITDA margin rose 232 basis points quarter-on-quarter to 20.6%, indicating operating leverage and/or cost actions during the quarter. In dollar terms, revenue was higher by 1.7% sequentially. In constant currency terms, revenue rose 2% sequentially.

Deal momentum and order intake

Coforge reported order intake of $148 million for the quarter. It also signed five large deals during Q4 FY26, supporting management’s commentary around deal flow and pipeline conversion. The disclosure points to a quarter where bookings were a meaningful part of the operating narrative alongside margin movement. While the company did not provide segment-wise contribution in the supplied text, the large-deal count is often tracked by investors for visibility on medium-term revenue. The order intake number is also useful for comparing quarterly momentum across periods, even when near-term revenue growth remains modest. For IT services companies, consistent large-deal wins can help sustain utilisation and support margin stability.

Workforce and attrition snapshot

On the people metrics, headcount increased to 35,777 during the quarter. This reflected a net addition of 436 employees over the previous quarter. The last twelve months (LTM) attrition rate stood at 10.8%. These metrics matter because they provide a window into delivery capacity, hiring discipline, and retention. A lower attrition environment can reduce replacement costs and support project continuity, although the article does not quantify the financial impact. The net addition suggests the company is still adding capacity, even as it focuses on improving margins.

Full-year FY26 performance

For FY26, Coforge reported consolidated net profit of Rs 1,555.7 crore, up 91.57% over FY25. Full-year revenue from operations rose 35.86% to Rs 16,402.7 crore. This indicates that FY26 saw a much stronger expansion in revenue than the Q4 year-on-year revenue growth cited for the quarter. In comments included in the text, CEO and executive director Sudhir Singh said FY26 marked another year of performance for Coforge. He also said the company delivered strong year-on-year growth at 29.2% and expanded EBIT margins by 370 basis points to 14.4%. These management metrics are important because they frame the year’s growth and profitability trajectory beyond one quarter’s movement.

Market reaction on result day

Coforge’s stock advanced 1.41% to close at Rs 1,168.30 on the BSE, according to the provided text. The positive close suggests investors reacted constructively to the profit jump and margin expansion, even with mid-single digit revenue growth. For market participants, the mix of sequential revenue growth, stronger EBITDA, and meaningful order intake often shapes the near-term read-through. The article does not provide intraday moves or volumes, so the closing change is the key reference point. Investors typically also track whether the improvement is driven by sustainable operating factors or one-offs, especially in a quarter with exceptional items.

How Q4 FY26 compares with earlier reported quarters

The supplied material also includes earlier disclosures for Q4 FY25, which provide a reference point for how the company’s scale and deal momentum evolved. In Q4 FY25, Coforge reported consolidated net profit of Rs 261 crore and revenue from operations of Rs 3,410 crore, along with order intake of $1.1 billion and five large deals. The board had announced an interim dividend of Rs 19 per share, with the record date set for 12 May 2025. Those numbers were stated as continuing operations excluding the AdvantageGo business that was divested in April 2025. While the quarters are not directly comparable without additional detail, they show that Coforge has continued to highlight large-deal wins as a recurring theme.

Summary table of Q4 FY26 financial and operating metrics

What investors will watch next

The Q4 FY26 print puts the spotlight on how much of the margin expansion is repeatable in coming quarters, particularly given the presence of exceptional items in the period. Order intake and large-deal signings will remain key indicators for revenue visibility, especially when sequential revenue growth in constant currency is in the low single digits. Workforce additions and attrition will also be tracked for signs of demand strength and delivery readiness. For FY26, the company’s reported increase in revenue from operations and net profit sets a high base, making execution and deal conversion important for maintaining momentum. The next set of management updates and filings will help investors assess whether the improved profitability sustains alongside growth.

Conclusion

Coforge’s Q4 FY26 results showed a sharp increase in PAT to Rs 612.3 crore, with EBITDA margin improving to 20.6% and order intake at $148 million. The company also reported higher headcount and an attrition rate of 10.8%. For FY26, revenue rose to Rs 16,402.7 crore and net profit to Rs 1,555.7 crore. The stock ended up 1.41% on the BSE after the announcement. Investors will now look for more detail on the drivers of margin improvement and the conversion of the quarter’s deal wins into revenue.