Coforge Ltd
Coforge Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #15 of 37 in IT - Software
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The short version
FY27 is expected to deliver robust and industry-leading revenue growth, building on the 29.2% USD growth in FY26. FY27 expected to be exceptional with robust revenue growth and structural margin improvement.
From Coforge Ltd's Q4 FY26 earnings-call transcript · updated 23 Sept 2026.
Revenue & Sales Performance
- FY27 is expected to deliver robust and industry-leading revenue growth, building on the 29.2% USD growth in FY26.
- Banking vertical growth to improve in FY27 after resolving a client-specific issue, with better numbers anticipated.
- Expansion across key verticals: banking, insurance, travel, healthcare, public sector, and high-tech.
- UK public sector framework deal ($150 million over five years) to contribute additional revenues starting Q1 FY27.
- New leadership and AI-driven disruptions expected to accelerate growth, particularly in the banking segment.
- High-tech business (Encora) to start growing from Q1 FY27.
- Broad-based growth expected across verticals, not reliant on any single client or sector.
2 more points from Coforge Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- In Q4 FY26, Coforge experienced a positive cash inflow from capex due to the sale of AI-led data center assets built in Q1, which were bought back by the client, providing immediate inflow. (Page 24)
- There is a strategic focus on AI transformations, including building AI-ready data pipelines, agent lifecycle management, and recurring high-margin managed services to monitor models and govern agents. (Pages 13-14, 18)
- Coforge plans to invest in talent by growing a specialized pool of Full-Stack Digital Engineers (FDEs) and upskilling 100% of the workforce in AI. (Page 13)
2 more points from Coforge Ltd's call on capex
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Top-ranked in IT - Software
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The executable order book stands at a record $1.75 billion, reflecting the total value of locked orders over the next 12 months (Page 6).
- This order book is 16.4% higher than the same time last year (Page 6).
- The order book figure excludes framework agreements already signed, which are nearly assured revenue streams for FY27 and beyond (Page 6).
- Revenue from these framework agreements is expected to be material in FY27 (Page 6 & 21).
2 more points from Coforge Ltd's call on order book
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Coforge Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹6.2K Cr, net profit ₹605 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Coforge Ltd's management said in earlier quarters
Others in IT - Software this season
- Systango Technologies Ltd (Q4 FY26)
For FY26 (full year), Revenue from Operations is reported at INR 904 million, up 34.72% year-on-year from INR 671 million in FY25 (Page 26). Key investor presen
- Cybertech Systems & Software Ltd (Q4 FY26)
Q4FY26 Operating Revenue: ₹623.3 million, up 1.4% YoY (Q4FY25 Operating Revenue: ₹614.9 million) . Key investor presentation takeaways from Cybertech Systems &
- ASM Technologies Ltd (Q4 FY26)
Revenue from Operations for Q4 FY26: ₹135.1 Cr, up 18.0% YoY from ₹114.5 Cr in Q4 FY25 (Page 8). Key concall takeaways from ASM Technologies Ltd's Q4 FY26…
- 3i Infotech Ltd (Q4 FY26)
77 crore. Key concall takeaways from 3i Infotech's Q4 FY26 earnings call — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Software
on management's own guidance
- Strong growth2
- Strong growth1
- CapitalNumbersGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Coforge Ltd Q4 FY26 results?
FY27 is expected to deliver robust and industry-leading revenue growth, building on the 29.2% USD growth in FY26. FY27 expected to be exceptional with robust revenue growth and structural margin improvement.
What is Coforge Ltd share price analysis?
Coforge Ltd currently shows a neutral. The stock trades at a P/E of 42.5 with a market cap of ₹81,552 Cr. Investors should review the full earnings analysis for detailed insights.
Is Coforge Ltd planning capital expenditure?
In Q4 FY26, Coforge experienced a positive cash inflow from capex due to the sale of AI-led data center assets built in Q1, which were bought back by the client, providing immediate inflow.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.