Results for the quarter and year ended March 31, 2026
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Coforge Limited reported strong FY26 results with consolidated revenue of ₹164,027 million, up 35.9% from ₹120,733 million in FY25. Profit after tax surged 86.4% to ₹17,447 million from ₹9,361 million. EBITDA margins expanded from approximately 14.3% to 18.6%. Key corporate actions include the amalgamation of Cigniti Technologies (appointed April 1, 2025) with record date May 16, 2026 for share issuance. Post year-end, Coforge acquired Encora US Holdco and Encora Holdings for ₹221,935 million (₹170,326 million via share swap and ₹51,609 million in cash borrowings). Exceptional items of ₹2,260 million were recorded for legal costs related to a cybersecurity incident and acquisition-related expenses. Standalone results were restated due to the Cigniti amalgamation using pooling of interest method. S.R. Batliboi & Associates issued unmodified opinions on both consolidated and standalone financials, with an Emphasis of Matter on standalone results regarding restatement adjustments.
Strong operational performance with robust revenue and profit growth demonstrates effective execution. Margin expansion signals improving operational efficiency. The Cigniti amalgamation and Encora acquisition strengthen Coforge's scale and market position. Deferred dividend and share issuance to Cigniti shareholders pending completion of amalgamation formalities.