Coforge Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The company achieved a strong annual performance with revenue from operations reaching Rs 164,027 million. Furthermore, the board has fixed May 16, 2026, as the record date for determining the eligibility of Cigniti shareholders to receive Coforge equity shares following their recent amalgamation, while the dividend proposal has been deferred.
Annual Financial Performance Highlights
For the financial year ended March 31, 2026, Coforge reported revenue from operations of Rs 164,027 million, marking a significant increase from the Rs 120,733 million recorded in the previous year. The company’s profit after tax for the same period climbed to Rs 17,447 million, compared to Rs 9,361 million in the prior year, reflecting robust operational momentum and growth across its service segments.
Quarterly Results Overview
In the final quarter (Q4) ended March 31, 2026, the company generated revenue from operations of Rs 44,504 million, up from Rs 42,315 million in the preceding quarter. The quarterly profit after tax stood at Rs 6,662 million, compared to Rs 2,967 million in the quarter ended December 31, 2025. These figures demonstrate a strong finish to the financial year for the organization.
Amalgamation Update and Shareholder Record Date
Following the successful amalgamation of Cigniti Technologies with the company, the board has officially set May 16, 2026, as the Record Date. This date is critical for determining the eligibility of Cigniti shareholders to receive equity shares of Coforge in the agreed 1:1 share exchange ratio. Due to the procedural focus on this transition, the board has decided to defer the proposal for an interim dividend until the next meeting.
Strategic Acquisitions
During the year, the company expanded its capabilities, notably with the April 23, 2026 acquisition of 100% equity shares in Encora US Holdco, Inc. and Encora Holdings Ltd. for a purchase consideration of Rs 221,935 million. This strategic move is expected to enhance the company’s service portfolio and long-term value creation for stakeholders.
Source: BSE
