Coforge Q4 FY26: Strong Growth with Margin Expansion

Key Highlights • PAT: ₹612.30 Cr (↑134.4% YoY, ↑144.7% QoQ) • Revenue: ₹4,450.40 Cr (↑30.1% YoY, ↑5.2% QoQ) • EBITDA: ₹876.50 Cr (↑66.4% YoY, ↑21.2% QoQ) • EBITDA Margin: 19.69% (vs 15.40% YoY, 17.10% QoQ) Profitability • PBT (ex-exceptional): ₹678.60 Cr (↑72.5% YoY, ↑27.6% QoQ) • Other Income: ₹22.10 Cr (↓ YoY, stable QoQ) Exceptional Items • Q4FY26: Loss of ₹53.6 Cr • Q3FY26: Loss of ₹147.6 Cr What Stands Out • Strong profit growth and operating leverage • Margin expansion indicates improved efficiency • Healthy revenue growth across periods Why It Matters Coforge continues to outperform with strong execution and margin improvement, supporting its positioning among high-growth IT players. Learning Outcome In IT companies, operating leverage can significantly boost profits when revenue scales. Investors should track margins alongside growth.