• Infosys Q4 FY26 net profit rose 27.8% QoQ to ₹8,501 crore, beating Street estimates
• Revenue grew 2% sequentially, while margins expanded sharply to 21%
• Company guides FY27 revenue growth at 1.5%–3.5% in constant currency
IT giant Infosys reported a stronger-than-expected performance in the fourth quarter of FY26, with consolidated net profit rising 27.8% quarter-on-quarter (QoQ) to ₹8,501 crore.
Revenue for the quarter stood at ₹46,402 crore, registering a 2% sequential increase, broadly in line with market expectations. While topline growth remained modest, profitability trends showed meaningful improvement across key metrics.
1 April 2026
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Margins Expand Strongly
At the operating level, Infosys reported earnings before interest and tax (EBIT) of ₹9,743 crore, up 16.6% sequentially. The EBIT margin expanded significantly to 21% from 18.4% in the previous quarter.
Profit before tax also rose 17% QoQ to ₹10,797 crore, supported by controlled expenses. Basic earnings per share came in at ₹21.01, compared with ₹16.17 in the previous quarter. The company also announced a final dividend of ₹25 per equity share for FY26.
FY27 Projections Turns Cautious
Infosys has issued a cautious projections for FY27, guiding for revenue growth of 1.5% to 3.5% in constant currency terms. This compares with its earlier guidance range of 3% to 3.5%, suggesting a softer near-term demand environment.
Notably, this is in-line with the expectations of Motilal Oswal's FY 27 guidance of revenue growth of 1.5-4.5% YoY in constant currency terms. The brokerage noted that exit growth rates for most large-cap IT firms now appear relatively favourable, with an organic YoY constant currency growth exit of 4.3% projected for Infosys. It also expected Indian IT companies to exercise caution in their outlook given the current geopolitical environment.
Ahead of the results, Infosys shares had already slipped nearly 3%, closing at ₹1,231.8 on the NSE.
Segment Mix Stable
The revenue mix remained broadly stable in the quarter ended Mar 31, 2026, with Financial Services contributing 28.0% compared to 28.2% in Dec 2025, Manufacturing at 15.9% compared to 16.7%, Energy, Utilities, Resources & Services at 13.2% compared to 13.2%, and Retail at 12.8% compared to 12.8%.
Headcount Declines; Attrition Edges Up
The company saw a sequential decline in its workforce during the March quarter, breaking a six-quarter streak of steady additions, with total headcount falling by 8,440 employees to 328,594. Despite the quarterly dip, the overall employee base remains higher on a YoY basis. Voluntary attrition in the IT services segment inched up to 12.6% from 12.3% in the previous quarter.
