Coforge Sees Massive Profit Surge in Q4 FY26

Coforge reported a significant rise in net profit to Rs 612.3 crore in Q4 FY26, driven by a major tax benefit and robust operations, significantly improving from Rs 261.2 crore a year ago. The company's acquisition of Encora and Cigniti contributed to the positive financial results.

Coforge, an IT firm, reported a remarkable increase in consolidated net profit to Rs 612.3 crore for Q4 FY26. This surge, attributed to a one-time tax benefit and strong operational growth, stands impressively higher than Rs 261.2 crore in the previous year.

The firm also recorded a 30% increase in revenue from operations, totaling Rs 4,450.4 crore, compared to Rs 3,422.2 crore a year earlier. Quarter-by-quarter, profits more than doubled, and revenue saw a modest 5.2% growth during this period. Key factors included the reversal of deferred tax liabilities related to the Cigniti merger.

Coforge's strategic acquisitions, including Encora, played a crucial role in fostering this growth. The company plans to maintain its momentum into FY27, projecting robust revenue growth and leveraging AI technologies for further expansion. Shares of Coforge rose by 1.41% on the BSE, post the financial results announcement.