Coforge Q4 FY26 PAT jumps 145% to Rs 612 cr; revenue +5%

What Coforge reported for Q4 FY26

Coforge posted a sharp rise in profitability in Q4 FY26, even as revenue growth stayed modest on a sequential basis. The IT services company reported consolidated net profit (PAT) of Rs 612.3 crore in the March quarter. Revenue from operations stood at Rs 4,450.4 crore for the quarter. The update points to a quarter where margins improved meaningfully, helped by higher operating profit and the impact of exceptional items.

The company also disclosed profit before exceptional items and tax of Rs 678.6 crore. It reported exceptional items of Rs 53.6 crore during the quarter. Investors tracked these elements closely because they can change how comparable a quarter is versus the previous period.

Net profit more than doubled sequentially

On a quarter-on-quarter (QoQ) basis, Coforge said consolidated net profit surged 144.72% to Rs 612.3 crore in Q4 FY26. The profit increase was measured against Q3 FY26 net profit of Rs 250.2 crore. Revenue from operations rose 5.17% QoQ to Rs 4,450.4 crore from Rs 4,231.5 crore.

The company also reported profit before exceptional items and tax of Rs 678.6 crore, which it said was up 27.6% QoQ. The presence of exceptional items worth Rs 53.6 crore was highlighted in the results for the quarter.

Year-on-year growth: profit up over 134%

Coforge also reported strong year-on-year (YoY) growth in profitability for Q4 FY26. Consolidated net profit zoomed 134.42% on a YoY basis. Separately, another disclosure in the provided data set states profit rose 134% from Rs 261.2 crore a year ago.

On the revenue line, Coforge reported revenue from operations growth in Q4 FY26 and also stated that revenue climbed 30% YoY. The company’s results narrative therefore reflects a quarter with a large step-up in profit and an improvement in operating performance.

EBITDA and margin improvement stood out

Operating metrics improved alongside the profit jump. Coforge reported EBITDA of Rs 916.8 crore in Q4 FY26, up 18.5% QoQ. It also reported that EBITDA margin increased 232 basis points QoQ to 20.6%.

These are key indicators for investors because they reflect the underlying profitability of the services business before interest, taxes, depreciation, and amortisation. The margin expansion suggests better operating leverage during the quarter.

Exceptional items and pre-tax performance

The company reported exceptional items of Rs 53.6 crore in Q4 FY26. It also reported profit before exceptional items and tax of Rs 678.6 crore. This measure was up 27.6% QoQ and 72.54% YoY, according to the numbers provided.

Exceptional items can include non-recurring costs or gains and may not reflect normal operations. As a result, market participants typically look at both reported profit and profit before exceptional items to understand how sustainable performance is.

Full-year FY26 numbers and margin guidance

For the full year, Coforge reported consolidated net profit of Rs 1,555.7 crore in FY26, up 91.57% over FY25. Full-year revenue from operations rose 35.86% to Rs 16,402.7 crore.

The company also stated it exceeded its full-year EBIT margin guidance of 14% with an actual 14.42%. This data point is important because it signals that the company delivered better-than-expected operating profitability relative to what it had communicated.

Sudhir Singh, chief executive officer and executive director, said FY26 marked another year of performance for Coforge, as per the text provided.

Stock market reaction on the result day

Coforge shares ended higher after the update. The stock advanced 1.41% to close at Rs 1,168.30 on the BSE, according to the provided text.

The data set also includes an earlier result-day reference for FY25, where Coforge’s stock closed 1.51% higher at Rs 7,499.10 on the BSE on May 6, 2025. These two price points appear in different contexts and periods, and both are presented here as reported.

FY25 as context: deals and dividend (continuing operations)

As background, the provided text also includes a detailed snapshot of Q4 FY25 and FY25 (continuing operations), excluding the AdvantageGo business divested in April 2025. In Q4 FY25, Coforge reported consolidated net profit of Rs 261 crore, up 16.5% YoY, while revenue from operations rose 47% YoY to Rs 3,410 crore (from Rs 2,318 crore in Q4 FY24). The company also reported an order intake of USD 2.1 billion in Q4 FY25, including five large deals across North America, the UK, and APAC.

For FY25, the text cites net profit of Rs 812 crore versus Rs 808 crore in FY24, and revenue of Rs 12,051 crore versus Rs 9,009 crore in FY24 (continuing operations). The board recommended an interim dividend of Rs 19 per share, with a record date of May 12, 2025, and payment within 30 days from declaration, as stated.

Key numbers at a glance

Why the Q4 FY26 print matters

The Q4 FY26 result shows a clear improvement in profitability and operating margin within a single quarter, with PAT rising much faster than revenue. The EBITDA margin expansion to 20.6% and the higher EBITDA level of Rs 916.8 crore indicate stronger operating performance versus the prior quarter.

At the full-year level, FY26 revenue of Rs 16,402.7 crore and net profit of Rs 1,555.7 crore, along with an EBIT margin of 14.42% versus guidance of 14%, give investors a set of benchmarks for assessing execution against stated targets. The presence of exceptional items in Q4 FY26 is also relevant for anyone comparing quarterly profits across periods.

Conclusion

Coforge’s Q4 FY26 update combined a sharp jump in net profit with improved EBITDA and higher margins, while full-year FY26 revenue and profit rose strongly over FY25. The company also reported it exceeded its full-year EBIT margin guidance with a 14.42% actual. Market participants will track follow-through in margins and any further disclosures related to exceptional items in upcoming filings and management commentary.