Coforge Posts 10% Surge in Share Price Following Q4 Financial Results

Coforge Share Price Surges 10% as Company Reports Strong Q4 Results

Coforge's share price rallied as much as 10% to ₹1,285.60 in Wednesday's trading session, following the company's robust financial results for the quarter ended on March 31, 2026, announced on Tuesday. The stock opened at ₹1,261 apiece today, a significant increase from its previous close of ₹1,168 on Tuesday.

Coforge delivered a robust performance for the March quarter, with its consolidated net profit surging 144.8% quarter-to-quarter (QoQ) to ₹612.3 crore from ₹250 crore in the last quarter. On a year-to-year (YoY) basis, profit after tax rose as much as 134% from ₹261 crore in the same period last year.

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For the full financial year FY26, the company reported revenue of ₹16,420.7 crore, up from ₹12,073.3 crore in FY25, marking a 35.9% YoY growth. Net profit increased to ₹1,555.7 crore from ₹812.1 crore in the previous year.

Coforge's Chief Executive Officer and Executive Director, Sudhir Singh, said that FY26 marked another year of exceptional performance for the company, with strong YoY growth at 29.2% and expanded EBIT margins materially by 370 bps to 14.4%.

Brokerage firm Motilal Oswal has reiterated its 'buy' rating on Coforge, raising the target price to ₹1,800, seeing an upside potential up to 54%. "We continue to view COFORGE as a structurally strong mid-tier player, supported by improving margin profile, strong deal wins, and steady demand in AI-led managed services," the brokerage firm said.

Meanwhile, brokerage firm Nuvama has also maintained a 'buy' call on the Coforge stock with a target price of ₹2,200, saying that the company is now chasing higher profitability, cashflows, and striving to make the business fundamentally superior.

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On the technical outlook, Anshul Jain, Head of Research at Lakshmishree, noted that Coforge opened with a bullish gap-up near the falling 50-day EMA around 1270, signalling improvement in sentiment after a weak phase. However, some profit booking emerged following the sharp opening move, indicating supply pressure near a key technical resistance.