Infosys Limited (INFY) — Q3FY26 Revenue ₹45,479 Cr

Infosys Limited (INFY) - Latest Quarterly Analysis

Key Q3FY26 Performance Metrics

Revenue: ₹45,479 Crore (+2.2% QoQ, +12.7% YoY)

Profit After Tax: ₹6,666 Crore (+9.1% QoQ, +35.3% YoY)

Operating Profit Margin (OPM): 23.38% (stable QoQ)

Net Profit Margin (NPM): 14.66% (+2.08pp QoQ)

EPS: ₹16.17 (+8.7% QoQ)

Key Takeaways

1. Strong Profit Growth Amidst Market Challenges

Profit surged 9.1% sequentially to ₹6,666 crore despite a modest 0.6% sequential revenue growth in constant currency terms.

NPM expanded by 208bps QoQ to 14.66%, reflecting effective cost management and operating leverage.

2. Healthy Revenue Mix & Deal Wins

Large deal pipeline strengthened with $4.8 billion in new contracts, supporting long-term growth prospects.

FY26 revenue guidance raised to 3.0%-3.5%, indicating improved visibility.

3. Strategic Positioning

AI & digital transformation remain core growth drivers with significant client wins across industries.

Sterling Bank partnership in Philippines showcases Finacle SaaS platform's expansion into emerging markets.

4. Board Changes & Governance

Independent director Michael Nelson Gibbs retired after completing his term - no regulatory impact.

Board composition remains robust with experienced leaders continuing strategic oversight.

Financial Snapshot

Metric	Q3FY26	Q2FY26	YoY Change
Revenue (₹ Cr)	45,479	44,490	+12.7%
PAT (₹ Cr)	6,666	7,375	+35.3%
OPM	23.38%	23.68%	-0.3pp
NPM	14.66%	16.58%	-1.9pp
EPS (₹)	16.17	17.76	+35.3%

Peer Comparison: Infosys' ROE of 29.19% significantly outperforms the IT sector average (~18%), while its ROCE of 40.82% remains industry-leading.

Recent Developments

FY26 Q1 results scheduled for July 23, 2026 with management likely to discuss AI investment trajectory and deal pipeline execution.

Shareholder concerns at the June AGM highlighted AI revenue growth expectations and talent retention challenges.

Next key event: Q1FY26 earnings release on July 23, 2026 at 3:45 PM IST.

🔍 For Deep Analysis (click below):

"How does Infosys' AI revenue contribution compare to peers like TCS and Wipro, and what is the growth trajectory?"

"What are the key drivers behind the sequential profit growth despite modest revenue expansion?"

"How is the new board composition impacting strategic decision-making post-Michael Nelson Gibbs' retirement?"

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