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Informist, Thursday, Apr. 23, 2026

 

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--Infosys Jan-Mar consol net profit INR 85.01 bln
--Analysts saw Infosys Jan-Mar consol net profit at INR 75.56 bln
--Infosys Jan-Mar consol revenue INR 464.02 bln
--Analysts saw Infosys Jan-Mar consol revenue at INR 465.79 bln
--Infosys: See FY27 revenue growth at 1.5-3.5% in constant currency
--Infosys Jan-Mar consol net profit INR 85.01 bln vs INR 66.54 bln qtr ago
--Infosys expects FY27 operating margin at 20-22%
--Infosys Jan-Mar consol revenue INR 464.02 bln vs INR 454.79 bln qtr ago
--Infosys to pay INR 25 per share final dividend
--Infosys final dividend record date is Jun 10
--Infosys FY26 consol net profit INR 294.40 bln vs INR 267.13 bln year ago
--Infosys Q4 employee utilisation including trainees 79.7% vs 80.0% qtr ago
--Infosys FY26 consol revenue INR 1.79 tln vs INR 1.63 tln year ago
--Infosys Q4 employee utilisation excluding trainees 83.0% vs 84.1% qtr ago
--Infosys employee headcount 328,594 on Mar 31 vs 337,034 on Dec 31
--Infosys Jan-Mar revenue dn 1.3% on qtr in constant currency, up 4.1% YoY
--Infosys Jan-Mar fincl svcs sales up 2.9% on year in constant currency
--Infosys Jan-Mar mfg sales up 1.3% on year in constant currency
--Infosys Jan-Mar operating margin 20.9% vs 18.4% qtr ago
--Infosys Jan-Mar revenue from N America 55.7% of sales vs 57.1% year ago
--Infosys Jan-Mar retail revenue up 0.5% on year in constant currency
--Infosys Jan-Mar revenue from Europe 32.6% of sales vs 31.2% year ago
--Infosys Jan-Mar energy, utilities sales up 6.7% on yr in constant currency
--Infosys Jan-Mar communication sales up 9% on yr in constant currency
--Infosys Jan-Mar hi-tech revenue down 1.2% on year in constant currency
--Infosys Jan-Mar revenue from India 2.6% of sales vs 2.9% year ago
--Infosys Jan-Mar life sciences revenue up 11.6% on year in constant currency
--Infosys Q4 large deal total contract value $3.2 bln vs $4.8 bln qtr ago
--Infosys Jan-Mar free cash flow $800 mln
--Infosys Jan-Mar N America sales up 4.1% on year in constant currency
--Infosys Jan-Mar Europe sales up 4.1% on year in constant currency
--Infosys Jan-Mar revenue from India flat on year in constant currency
--Infosys IT services last 12-month attrition 12.6% vs 12.3% quarter ago
--Infosys Jan-Mar consol revenue $5.04 bln, down 1.2% on qtr
 

 

By Eshitva Prakash

 

MUMBAI – Information technology bellwether Infosys Ltd. reported a sharper-than-expected sequential decline in the March quarter revenue in constant currency terms. In rupee terms, the company's consolidated revenue growth was the slowest in four quarters. Meanwhile, the company's net profit for the quarter unexpectedly jumped, with the sequential growth at its highest in eight quarters. 

Infosys' consolidated net profit rose 27.8% sequentially to INR 85.01 billion in the March quarter, well above the analysts' estimate of INR 75.56 billion. Consolidated revenue rose 2% sequentially to INR 464.02 billion, slightly below the consensus view of INR 465.79 billion. 

 

In dollar terms, the company's consolidated revenue fell 1.2% sequentially to $5.04 billion, missing analysts' consensus by a whisker. However, in constant-currency terms, the company's revenue fell 1.3% quarter-on-quarter, worse than projections, which ranged from a 0.1% to a 1.0?cline. Its revenue in constant currency terms was up over 4% year-on-year. The company sees its revenue increasing 1.5–3.5% in constant currency terms in 2026-27 (Apr-Mar), which falls within the lower end of analyst projections.  

 

The company expects its operating margin to be 20–22% in FY27. For the quarter ended March, its operating margin improved to 20.9% from 18.4% a quarter ago. The company said its margin performance reflects higher investments and the absorption of higher costs. The company's total expenses during the quarter rose 1.8% sequentially to INR 367.64 billion, driven by a 2.4% rise in employee benefit expenses to INR 246.88 billion. Analysts had expected a sharp rise in this figure due to higher visa costs and performance bonus payouts to employees. For the quarter ended March, the IT major had a free cash flow of $800 million.

 

The company said its total employee headcount decreased to 328,594 as of Mar. 31, from 337,034 on Dec. 31. The company's employee utilisation, including trainees, declined to 79.7% from 80.0% quarter ago. Excluding trainees, employee utilisation fell to 83.0% from 84.1% a quarter earlier. Attrition in IT services over the last 12 months accelerated in the March quarter to 12.6%, up from 12.3% a quarter ago.

 

SEGMENTS, GEOGRAPHIES

The financial services segment remained the company's biggest cash cow, contributing 28% of total sales. In constant currency terms, this segment's sales rose 2.9% on year. Its manufacturing segment's sales rose 1.3% in constant currency terms, although its contribution moderated to 15.9% from 16.7% a quarter ago. 

 

Infosys' energy, utilities, resources and services segment's sales rose 6.7% year on year in constant currency terms, but its contribution remained unchanged from the quarter-ago period. The communication segment grew 9% on year in constant currency terms, but it was not enough to change its contribution to the company's revenue mix. The hi-tech segment was the only one to report a year-on-year fall in sales in constant currency terms, with revenue declining 1.2% on-year. The life science segment's sales rose 11.6% on-year in constant currency.    

 

By geography, North America now contributes 55.7% of the company's total revenue, down from 57.1% a year ago. From Europe, the company now draws 32.6% of its total revenue, an expansion of 140 basis points on year. Sales from these two regions rose 4.1?ch in constant currency terms. The company's March quarter revenue from India was flat on year in constant currency terms. India accounts for 2.6% of total sales, down from 2.9% in the year-ago quarter. The rest of the world accounted for 9.1% of the company's total sales.

 

The company said it added 111 new clients on a gross basis during the quarter, taking its tally of active clients to 1,965, slightly higher than a year ago. The company's top 25 clients contributed 34.5% of revenue in the March quarter. In FY26, the company's total contract value from large deal wins was $14.9 billion, with $3.2 billion of such orders added in the March quarter.

 

"We delivered a resilient performance in FY 26... reflecting the robustness of our enterprise AI (artificial intelligence) value proposition and market share gains in large transformation opportunities, Salil Parekh, chief executive officer and managing director of the company, said. "The simplicity and strength of our AI services strategy across six areas is gaining traction in the market, further strengthened by strong ecosystem AI partnerships enabling clients to get value from AI. Our AI First value framework and differentiated Topaz Fabric position us uniquely to deepen client trust and gain a greater share of the market," he added. 

 

For FY26, the company reported a net profit of INR 294.40 billion, up over 10% on year. This is slightly higher than a consensus projection of INR 290.27 billion from four brokerages. Its revenue for the full financial year rose nearly 10% to INR 1.79 trillion, slightly above analysts' estimates. 

 

The company said it will pay a final dividend of INR 25 per share for FY26. The company has set Jun. 10 as the record date for the dividend. On Thursday, the company's shares ended 2.2% lower at INR 1,240.60 on the National Stock Exchange. The company had announced the results after market hours. Infosys' American Depository Receipts fell 5% to $12.78 when the US equity market opened Thursday. End

 

US$1 = INR 94.11

 

Edited by Saji George Titus

 

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