Coforge Q4 Results 2026: Date, Revenue, PAT & Analyst Outlook

Coforge Q4 Results FY26 — Board meeting on April 22, 2026 (Expected)

The Coforge Q4 results 2026 is set to be one of the most closely watched earnings events of the April-May 2026 results season. With results scheduled for April 22, 2026 (Expected), investors and analysts across brokerages are building their expectations around revenue, PAT, margin trajectory, and what management will say about FY27.

Coforge enters Q4 FY26 at a CMP of ~Rs. 7,800, against a 52-week high of Rs. 9,800 and a 52-week low of Rs. 5,820. The one-year return stands at +8%, making this quarter’s result and guidance commentary particularly important for investors deciding whether to hold, add, or exit.

This article covers the Coforge Q4 results 2026 date, earnings estimates, key factors driving performance, five risks to watch, analyst ratings and price targets, and a full set of FAQs around what investors are searching for ahead of the announcement.

Coforge Q4 Results 2026 Date

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The Coforge Q4 FY26 results date is April 22, 2026 (Expected). The board of directors will meet to approve the audited financial statements for the quarter and full financial year ended March 31, 2026. The board will also consider recommending a dividend for FY26 shareholders, subject to approval at the upcoming Annual General Meeting.

Here is how the broader Q4 FY26 earnings calendar looks for large-cap Indian companies in April–May 2026:

Source: BSE/NSE exchange filings, April 2026. Expected dates may change. Verify before relying.

Why This Quarter Matters

Every quarterly result tells a story, but Coforge Q4 FY26 carries more weight than a routine earnings print. Coforge Q4 FY26 is expected to be the most visually impressive quarter for the company in FY26 — EBIT margin expansion of 160 basis points, revenue growth of 3–5% QoQ, and PAT recovery to Rs.

The market is also watching closely because Q4 is the full-year wrap-up quarter — meaning the annual results, dividend recommendation, and FY27 outlook commentary all arrive on the same date. Management tone on demand environment, pricing, and deal pipeline will shape investor expectations for the next 6–12 months, not just the next quarter.

Coforge Q4 FY26 Earnings Estimates

Coforge Q4 FY26 — Revenue, PAT, margin and growth estimates from leading brokerages

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Here is what leading brokerages are estimating for Coforge Q4 FY26 results:

Estimates compiled from MOFSL, YES Securities, JM Financial. Actual figures from NSE/BSE filings. Verify before investing.

The estimates above represent analyst consensus. Actual results could diverge — positively or negatively — based on one-time items, currency movements, and sector-specific developments. The key number to watch, beyond the headline PAT, is management’s commentary on FY27 guidance.

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5 Key Factors That Will Drive Coforge Q4 FY26 Performance

EBIT Margin Expansion — MOFSL Top Pick

MOFSL expects Coforge to post approximately 160 basis points QoQ EBIT margin expansion in Q4, as the headwinds from wage hikes in the prior quarter ease. This would take EBIT margin from 13.4% in Q3 to approximately 15% in Q4 — the most significant sequential improvement in the mid-cap IT space this quarter.

BFS and Travel Vertical Momentum

JM Financial flags that banking and financial services (BFS) and travel verticals are leading growth for Coforge. BFS technology modernisation — particularly in core banking transformation and regulatory compliance — has been a consistent deal-winning area for Coforge in FY26.

Strong Executable Order Book

MOFSL specifically cites Coforge’s strong executable order book as a key differentiator. Unlike deal TCV (which includes multi-year future revenue), executable backlog represents revenue that will materialise in the next 4–6 quarters. A strong executable order book significantly de-risks revenue guidance.

Multi-Vertical Deal Momentum

Coforge has been winning deals across BFS, travel, insurance, and healthcare verticals. Bernstein’s Outperform rating reflects its belief that Coforge’s multi-vertical momentum is sustainable and differentiates it from single-vertical dependent peers.

Margin Recovery After Wage Hike Absorption

Q3 margins of 13.4% were impacted by wage hike costs. Q4 margin recovery toward 15% will demonstrate that Coforge’s operating leverage model works — higher revenue converts efficiently to EBIT improvement when wage hike headwinds are absent.

5 Risks to Watch in Coforge Q4 FY26

Small Scale Limits Pricing Power

Coforge is significantly smaller than TCS, Infosys, and HCL Tech. This limits its ability to compete for the largest transformation programmes and reduces pricing power in competitive bidding situations. Scale is a structural limitation that growth alone cannot fully address.

Revenue Concentration in BFS and Travel

While BFS and travel are growth verticals, they are also cyclical. Any downturn in financial services spending or disruption to global travel demand — from geopolitical events or economic slowdowns — would disproportionately affect Coforge.

Integration of CIGNEX Datamatics and Other Acquisitions

Coforge has grown through selective acquisitions. Integration complexity — particularly in technology platforms and client delivery teams — can create short-term disruptions that appear in quarterly margins and headcount data.

Attrition in Specialised Verticals

Retaining specialised talent in travel technology and BFSI domain expertise is a constant challenge. Higher attrition in these skill sets would disrupt client delivery and potentially lead to account-level revenue slippage.

Premium Valuation Despite Small Scale

Coforge trades at approximately 40x forward earnings — the highest valuation multiple in the mid-cap IT space. This is justifiable only if the company continues to deliver 15%+ revenue growth with EBIT margin expansion. Any execution stumble at this valuation level would result in a sharp correction.

Coforge Share Price and Analyst Ratings

Coforge share price snapshot and analyst ratings heading into Q4 FY26 results

Coforge shares are trading at ~Rs. 7,800 as of late March 2026. The 52-week high stands at Rs. 9,800 and the 52-week low at Rs. 5,820. One-year return is +8%, against a market cap of ~Rs. 47,000 Cr.

Here is where leading brokerages stand on Coforge heading into Q4 FY26 results:

Source: Publicly available analyst notes, March–April 2026. For informational purposes only.

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Conclusion

Coforge Q4 FY26 is expected to be the most visually impressive quarter for the company in FY26 — EBIT margin expansion of 160 basis points, revenue growth of 3–5% QoQ, and PAT recovery to Rs.260–320 crore. MOFSL has named it its top midcap IT pick, citing the strong executable order book and multi-vertical deal momentum. At Rs.7,800 — the only mid-cap IT stock with positive one-year returns — Coforge needs to deliver to maintain its premium.

This article is for informational and educational purposes only. Investments in securities are subject to market risk. Please read all related documents before investing. Past performance is not indicative of future results.

For more Q4 earnings previews across IT, banking, auto, and pharma sectors, visit Univest Blogs.

Frequently Asked Questions

What is the Coforge Q4 results 2026 date?

The Coforge Q4 results 2026 date is April 22, 2026 (Expected). The board will meet to approve the audited Q4 FY26 financial results — covering the quarter ended March 31, 2026 — and will consider a dividend recommendation for FY26.

What is the Coforge Q4 FY26 PAT estimate?

Analysts estimate Coforge Q4 FY26 net profit (PAT) in the range of Rs.Rs. 260 – 320 crore. This estimate is based on revenue assumptions of Rs.Rs. 3,500 – 3,750 crore and a margin of EBIT ~15.0% (expansion of ~160 bps QoQ). Actual results may differ from these consensus estimates.

What is Coforge’s current share price ahead of Q4 results?

Coforge shares are trading at approximately ~Rs. 7,800 as of late March 2026. The 52-week high is Rs. 9,800 and the 52-week low is Rs. 5,820. The one-year return is +8% and the market cap stands at ~Rs. 47,000 Cr.

Will Coforge declare a dividend in Q4 2026?

Coforge is expected to consider a dividend recommendation at the April 22, 2026 (Expected) board meeting. FY26 dividends paid so far total Rs. 19/share (FY26 interim). Analysts estimate the Q4 final or additional dividend at Rs. 10 – 15 final (est.) per share, subject to board approval and shareholder ratification at the AGM.

Which analysts have a Buy rating on Coforge before Q4 results?

MOFSL (Buy, TP: Rs. 1,300); Bernstein (Outperform, TP: NA); JM Financial (Add, TP: Rs. 1,300); Kotak Institutional (Add, TP: NA). These ratings are based on publicly available analyst notes from March–April 2026. They are for informational purposes only and not a recommendation.

What were Coforge Q3 FY26 results?

Coforge Q3 FY26 results showed revenue of Rs.3,321 crore and PAT of Rs.221 crore. Margins were at EBIT 13.4%. Q4 is expected to show a different picture — review the estimates table in this article for full expectations.

When do Infosys and TCS announce Q4 results 2026?

TCS Q4 results 2026 date is April 9, 2026. Infosys Q4 results date is April 23, 2026. HCL Technologies reports on April 21. Read full Q4 previews for all these companies on Univest Blogs.

Is Coforge a good investment ahead of Q4 results?

This depends on your risk appetite, investment horizon, and portfolio context. Coforge has both compelling factors and genuine near-term risks — both are covered in detail in this article. Consult a SEBI-registered financial advisor before making any investment decision. Use the Univest Screener to assess Coforge fundamentals independently before investing.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data and analyst estimates are sourced from publicly available information including NSE/BSE filings, MOFSL, YES Securities, JM Financial, Screener.in and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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