Coforge Profit Rises 145% QoQ as Margins Expand in FY26
COFORGE.NS Stock moved back into focus after Coforge delivered one of its strongest quarterly updates, led by profit growth, margin expansion, and a healthier order pipeline. As of May 14, 2026, the key story is clear: Q4 FY26 net profit jumped 145% quarter over quarter to about ₹612 crore, while revenue reached ₹4,450 crore.
The company also improved operating margins to 15.6%, showing better execution after a year of strong growth. For readers tracking COFORGE.NS Stock, the earnings report gives useful context beyond the share move.
Coforge’s FY26 revenue rose 29.2% year over year in U.S. dollar terms, and EBIT margin expanded by 370 basis points to 14.4%. The 12-month executable order book stood at $1.752 billion, giving management better visibility for FY27 growth.
COFORGE.NS Stock Reacts to a Strong Q4 FY26 Profit Jump
Profit growth shows sharp sequential recovery
COFORGE.NS Stock gained attention because profit growth was both fast and broad-based. Coforge reported consolidated net profit of ₹615 crore in Q4 FY26, compared with ₹250 crore in the prior quarter. That equals a 145% QoQ increase, while another reported figure showed ₹612.3 crore, up 134% year over year. Revenue from operations stood at ₹4,450 crore, up 5% QoQ and 30% YoY in rupee terms. This matters because the company improved profit while still growing sales.
The share price response also showed stronger market confidence. Coforge shares settled at ₹1,168.80 on NSE after the earnings announcement, up 1.49% that day. Later, the stock touched an intraday high of ₹1,359.70, extending a three-session rally of more than 16%. The stock also rebounded nearly 35% from its 52-week low of ₹1,008.10 recorded on March 17.
Margin Expansion Strengthens the Coforge FY26 Story
Better execution lifted operating performance
COFORGE.NS Stock found support from margin improvement, not only from headline profit. EBITDA stood at ₹876 crore in Q4 FY26, compared with ₹724 crore in the previous quarter. EBITDA margin expanded to 19.6%, up from 17.1% in Q3 FY26. EBIT also grew 25.7% sequentially to ₹696 crore, while operating margin improved to 15.6% from 13.1%. These numbers show stronger delivery efficiency and better cost control.
For the full year, Coforge reported revenue of ₹16,420.7 crore, up 35.9% in INR terms. EBITDA reached ₹3,046.4 crore, rising 76.9% in INR terms, while PAT stood at ₹1,555.7 crore. FY26 EBIT came in at ₹2,364.5 crore, up 82.7% in INR terms. This full-year margin expansion gives the company a stronger base for FY27 execution.
Key Coforge FY26 Numbers
MetricLatest Reported FigureWhy It MattersQ4 FY26 net profit₹612 crore to ₹615 croreUp about 145% QoQQ4 FY26 revenue₹4,450 croreUp 30% YoY in rupee termsQ4 FY26 EBITDA₹876 croreUp from ₹724 crore QoQQ4 FY26 EBITDA margin19.6%Improved from 17.1%Q4 FY26 operating margin15.6%Improved from 13.1%FY26 revenue₹16,420.7 croreUp 35.9% in INR termsFY26 PAT₹1,555.7 croreUp 91.6% in INR termsFY26 order intake$2.262 billionShows demand visibility12-month executable book$1.752 billionUp 16.4% YoYHeadcount35,777Net addition of 436 QoQ
Deal Wins Give COFORGE.NS Stock Better Visibility
Order intake remains a major support point
COFORGE.NS Stock also gained from Coforge’s order pipeline. Q4 FY26 fresh order intake stood at $648 million, up 9.3% QoQ from $593 million. The company signed five large deals during the quarter. For FY26, total intake reached $2.262 billion, while the 12-month executable book stood at $1.752 billion. This order book was up 16.4% year over year, giving revenue visibility for the next year.
Client quality also improved during the year. Coforge said its top five clients contributed 21.8% of Q4 revenue and 21% of FY26 revenue. Those top five accounts grew 45.8%. Its top 10 clients contributed 31.4% of Q4 revenue and 30.8% of FY26 revenue, while those accounts grew 40.4%. The repeat-business ratio stayed strong at 95.5%, which signals stable customer relationships.
Business Mix Shows Balanced Revenue Drivers
Americas and engineering remain important contributors
COFORGE.NS Stock investors should also watch revenue mix because it explains where growth comes from. In FY26, the Americas contributed 56.9% of revenue, while EMEA contributed 28.9%. Rest of World contributed 14.2%. By vertical, banking and financial services led with 26.5%, followed by travel, transportation, and hospitality at 23.0%. Insurance contributed 15.0%, while healthcare and HiTech added 10.8%.
Service mix was also useful. Engineering made up 44.1% of revenue, data and integration contributed 21.5%, and cloud and infrastructure management added 18.4%. Intelligent automation stood at 8.2%, while BPM contributed 7.9%. This mix suggests Coforge is not relying on one narrow business area. It has multiple growth lanes across technology, automation, cloud, and sector-led services.
What We Should Watch Next
FY27 margin guidance becomes the next test
COFORGE.NS Stock now faces a simple test: can Coforge convert its strong order book into profitable growth? Management said it expects robust revenue growth in FY27 and plans to deliver EBITDA of more than 20.5% on a consolidated basis. That target is important because Q4 FY26 EBITDA margin already reached 19.6%. A move above 20.5% would confirm further operating leverage.
Here are the key points to track next:
Revenue conversion from the $1.752 billion executable order book.
EBITDA margin progress toward the 20.5% FY27 target.
Attrition trend after LTM attrition stood at 10.8%.
Large-deal momentum after five Q4 FY26 wins.
Share price behavior around ₹1,168.80, ₹1,359.70, and ₹1,008.10 reference levels.
Final Takeaway
COFORGE.NS Stock has a stronger earnings base after Q4 FY26 because Coforge delivered profit growth, revenue expansion, and better margins together. The 145% QoQ profit rise grabbed attention, but the better signal came from EBITDA margin expansion, large deal wins, and a $1.752 billion executable order book. The company’s FY26 revenue of ₹16,420.7 crore and PAT of ₹1,555.7 crore show meaningful scale. Now, FY27 execution will decide whether the earnings momentum can continue.
