India's Coforge Stock on Track for Biggest Jump in a Year on Upbeat Outlook
Coforge said a one-time tax benefit and stronger operations helped lift quarterly profit more than twofold, while revenue rose 5.2%
- On Wednesday, May 6, 2026, shares of India's Coforge surged 11.1% after the IT services firm reported consolidated net profit of Rs 612.3 crore for January-March FY26.
- The company on Tuesday forecast FY27 earnings growth of more than 20.5%, achieving a 16.6% margin driven by lower costs and operating leverage.
- Coforge reported Q4 FY26 acquisition-related expenses for Encora of Rs 501 million and legal costs of Rs 35 million, with a Rs 1,810 million deferred tax release.
- Brokerage Jefferies reiterated a 'buy' rating and hiked its target to 1,860 rupees from 1,620 rupees, while Prabhudas Lilladher raised its target to 2,020 rupees.
- Unlike larger peers Infosys and HCLTech facing spending caution, Coforge's margin improvement signals a structural reset supported by portfolio clean-up and increased AI use.
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12 Articles
Times of India
The Economic TimesCoforge shares soar 11% after Q4. Why Jefferies, Nomura, Motilal Oswal project up to 80% upside?
Coforge share price surged 11% to Rs 1,295 after the IT firm reported strong Q4FY26 earnings. Net profit jumped 134% YoY to Rs 612.3 crore, while revenue rose 30% YoY to Rs 4,450.4 crore. Sequentially, profit surged 145% and revenue grew about 5%. Growth remained robust across currencies, with constant currency revenue up 28.7%.
Coforge share price jumps 10% on strong Q4 results. Should you buy, sell or hold?
Coforge shares opened at ₹1,261 apiece today as compared to the previous close of ₹1,168 on Tuesday, which is 10% growth after its strong Q4 results. Check experts' opinion on whether you should buy or sell Coforge shares after Q4 results.
Coforge shares jump 8% after Q4 beats Street, brokerages raise estimates on strong order book
Coforge stock jumped more than 8 percent today after the company's Q4 results beat expectations. Brokerages largely remained positive on the stock, citing strong margins, improving cash flows and a healthy order book pipeline.
Coforge Share Price: IT stock surges over 10% as Q4 profit jumps multifold to Rs 612 crore
Shares of IT services firm Coforge surged over 10 per cent on Wednesday, May 6, 2026, after the company reported a multifold surge in consolidated net profit. The stock opened gap up at Rs 1,263.80, a gain of 8.17 per cent from the previous close of Rs 1,168.30 on the BSE. Amid a spurt in volume by more than 6.84 per time, the stock advanced further to touch the high of Rs 1,294.15, representing a gain of 10.77 per cent. In between, the scrip hi…
Coforge delivers 29.2 percent YoY Growth for FY26, EBIT margin expands by 370bps to 14.4 percent
“FY26 marked another year of exceptional performance for Coforge. We delivered strong YoY growth at 29.2% and expanded EBIT margins materially by 370 bps to 14.4%. With an order executable of $1.75Bn, we enter FY27 with strong momentum and confidence. We expect to deliver robust revenue [...] The post Coforge delivers 29.2 percent YoY Growth for FY26, EBIT margin expands by 370bps to 14.4 percent appeared first on Business News This Week.
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