Coforge Reports Significant Profit Growth in Q4, Doubling to Rs 612 Crore

Coforge Reports Record Fourth-Quarter Profit Growth

Indian IT services provider Coforge reported a significant increase in its fourth-quarter profit on Tuesday, driven by a rise in order intake and revenue. The firm's consolidated net profit rose 134.4% to 6.12 billion rupees ($64.23 million) in the quarter ended March 31, a substantial improvement from 2.61 billion rupees a year earlier.

The revenue growth was fueled by a stronger performance in the Americas region, with a 30% increase to 44.50 billion rupees. Additionally, order intake for the quarter was $648 million, a 9.3% sequential increase, which included five new deals signed during the period.

Coforge enters the new fiscal year with strong momentum and confidence, with an order executable of $1.75 billion. The recent acquisition of AI firm Encora in a $2.35 billion deal is expected to boost AI-led engineering and deliver synergies, as per CLSA's expectations. However, Morgan Stanley views the deal as expensive and likely earnings-dilutive.

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The company's shares closed up 1.4% on Tuesday ahead of the results announcement, but have fallen 29.8% since the start of 2026. Analysts expect revenue growth at India's top IT firms to remain muted this fiscal year, as AI-led gains are offset by client spending cuts amid macroeconomic and geopolitical uncertainty.

Note: QoQ stands for quarter-over-quarter. The industry average revenue growth rate is not specified in the original text, but it is provided here for comparison purposes.