Coforge delivered a strong set of numbers for the fourth quarter of FY26, with its net profit jumping sharply from the previous quarter. The growth was mainly driven by better margins, consistent deal wins, and increasing use of artificial intelligence in its operations—at a time when much of the IT sector is seeing slower momentum.

The company reported a consolidated profit of ₹612.3 crore ($64 million), more than double the ₹250.2 crore ($26.2 million) it posted in the previous quarter. That said, the figure includes a one-time tax adjustment linked to its Cigniti merger. On a normalised basis, profit stood at around ₹447.3 crore ($47 million).

Revenue for the quarter came in at ₹4,450 crore ($466.4 million), reflecting a steady 5.2% sequential rise. Profitability also improved, with EBIT margins climbing to 16.6%—the highest the company has recorded so far.

A big part of Coforge’s strategy now revolves around AI-led delivery. The company is focusing on areas like agent-based workflows and outcome-based pricing, which it believes can help boost both growth and margins. It has also been investing heavily in talent, with over 30,000 employees trained in AI and data skills, along with specialised engineers working closely with clients to drive adoption.

For the full year, Coforge posted revenue of ₹16,402.7 crore ($1.72 billion), marking a 39% year-on-year increase. Net profit rose 91.6% to ₹1,555.7 crore ($163 million). Margins also improved significantly, with EBIT expanding by 370 basis points to 14.4%, helped by efficiency gains and tighter execution.

Looking ahead, the company remains confident. With a strong order book of $1.75 billion, it expects healthy revenue growth in FY27 and is targeting an EBITDA margin of over 20.5%.

Coforge also pointed out that AI is not just cutting costs but opening up new business opportunities in areas like data integration, AI-managed services, and governance. This comes even as the industry debates whether AI could put pressure on traditional IT revenues.

Deal momentum stayed solid during the quarter, with order intake at $648 million and five large deals signed. The overall order book grew 16.4% year-on-year, showing continued demand despite uncertain market conditions.

The company’s employee count rose slightly to 35,777, with 436 net additions during the quarter. Attrition stood at 10.8%, which is relatively low for the sector.

Overall, Coforge’s performance stands out in a challenging environment where many larger IT firms have reported slower growth or cautious outlooks. Its shares ended Tuesday at ₹1,168 on the BSE, up 1.42%.

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