Coforge reported a standout fiscal year 2026, delivering 29.2% year-over-year revenue growth in USD terms to reach $1.87 billion. The company achieved record-breaking profitability, with EBIT margin expanding by 370 bps to 14.4%. Net profit surged 82% YoY to $177.4 million. Driven by AI-led efficiencies and a strong order book of $1.75 billion, the firm enters FY27 with significant momentum and plans to exceed 20.5% EBITDA.
FY26 Financial Highlights
Coforge has delivered exceptional financial results for the year ended March 31, 2026. The company reported annual revenue of INR 164,207 million ($1.87 billion), reflecting a robust 29.2% growth in USD terms. Profitability saw significant improvement, with EBITDA rising to INR 30,464 million, up 68.2% in USD terms, and PAT reaching $177.4 million, an increase of 82.1% over the previous year.
Strong Quarter Performance
The fourth quarter of FY26 proved to be the strongest in company history, with EBIT margin reaching an all-time high of 16.6%, marking an increase of 231 bps sequentially. Quarterly revenue stood at $489.1 million, with a fresh order intake of $648 million. The company closed the year with an executable order book of $1.75 billion, positioning it well for sustained growth in the new fiscal year.
AI-Native Strategy and Future Outlook
The company’s growth is fundamentally driven by its AI-native strategy. Coforge has invested $5.5 million in AI learning and development in FY26, creating an AI-enabled workforce of 30,000+. By leveraging proprietary assets like the Coforge OneAI platform and hybrid ‘mod squad’ delivery models, the company has improved delivery timelines by 40-50% for several clients. Management remains confident in achieving robust revenue growth in FY27 and plans to deliver an EBITDA margin of more than 20.5%.
Strategic Acquisitions
The successful integration of Encora has further accelerated Coforge’s capabilities in AI-native product engineering. The acquisition has significantly strengthened the company’s presence in the North American market, adding 3,100+ nearshore SMEs and 9,000+ engineers to the global workforce, while bolstering expertise in the high-growth Hi-Tech and Healthcare verticals.
Source: BSE
