Infosys has announced its Q3 FY26 results (quarter ended December 31, 2025) and the company delivered a stable performance with steady revenue growth, strong deal wins, and robust cash flow.
Quick Summary: Infosys Q3 FY26 Results
Infosys reported:
- Revenue growth of 8.9% YoY
- Strong deal pipeline with $4.8 billion large deal wins
- Strong cash flow generation
- FY26 guidance revised to 3.0% – 3.5% constant currency revenue growth
Infosys Q3 FY26 Financial Highlights (All in ₹ Crore)
Here is the most important financial data for investors in a simple table:
| Particulars | Q3 FY26 (Dec 2025) | Q3 FY25 (Dec 2024) | Change |
|---|---|---|---|
| Revenue from Operations | ₹45,479 Cr | ₹41,764 Cr | +8.9% |
| Total Income | ₹46,618 Cr | ₹42,623 Cr | +9.4% |
| Profit Before Tax (PBT) | ₹9,229 Cr | ₹9,670 Cr | -4.6% |
| Net Profit (PAT) | ₹6,666 Cr | ₹6,822 Cr | -2.3% |
| Basic EPS | ₹16.17 | ₹16.43 | Slightly down |
| Exceptional Item (Labour Codes Impact) | ₹1,289 Cr | Nil | One-time |
(Source: Infosys consolidated financial statement & press release) Infosys consol-fy26-q3-and-9m-f… Infosys ifrs-inr-press-release
Why Profit Looks Lower (Even When Revenue Grew)
Many investors noticed that even though revenue grew strongly, profits looked flat or slightly lower.
The key reason is a one-time exceptional expense:
Infosys booked:
₹1,289 crore as “Impact of Labour Codes”
This includes increase in gratuity and leave liabilities due to new labour code notifications. Infosys q3-and-9m-fy26-financia…
This is not a regular business expense. Infosys has shown it separately as an “Exceptional Item”.
Operating Margin: Reported vs Adjusted
Infosys reported:
- Reported operating margin: 18.4%
- Adjusted operating margin: 21.2% Infosys ifrs-inr-press-release
The adjusted margin excludes the Labour Code exceptional impact.
This is important because it shows that the core profitability remains healthy.
Cash Flow Performance: Strong and Stable
Infosys delivered strong free cash flow (FCF), which is one of the biggest strengths of the company.
From the press release:
- Free cash flow was $915 million
- Adjusted free cash flow was $965 million Infosys ifrs-inr-press-release
For long-term investors, this matters because strong cash flow supports:
- dividends
- buybacks
- stable returns even in slow-growth phases
Large Deal Wins: Biggest Positive of the Quarter
Infosys reported:
$4.8 billion Large Deal TCV
And net new deals were 57%. Infosys ifrs-inr-press-release
This is a very strong number because deal wins indicate future revenue visibility.
Management Commentary (Original Words)
Infosys CEO Salil Parekh said:
“Infosys delivered a strong Q3 performance demonstrating how our differentiated value propositions in enterprise AI, through Infosys Topaz, are consistently driving higher market share. Clients increasingly view Infosys as their AI partner with demonstrated expertise, innovation capabilities and strong delivery credentials. This has helped them unlock business potential and enhanced value realization.” Infosys ifrs-inr-press-release
CFO Jayesh Sanghrajka said:
“Our performance was broad-based in Q3 with 0.6% sequential revenue growth, 0.2% adjusted operating margin expansion, stellar large deal wins at $4.8 billion and robust adjusted free cash generation at $965 million in a seasonally weak quarter.” Infosys ifrs-inr-press-release
He also added:
“In line with our capital allocation policy, we successfully completed the largest ever buyback of `18,000 crore and paid out interim dividend to shareholders.” Infosys ifrs-inr-press-release
Infosys FY26 Guidance (Updated)
Infosys has given FY26 guidance as:
- Revenue growth: 3.0% – 3.5% (constant currency)
- Operating margin: 20% – 22% Infosys ifrs-inr-press-release
This guidance is important because it gives a realistic expectation for the full year.
Dividend and Buyback Update
Infosys continues to remain one of the most shareholder-friendly companies in India.
Key updates:
- Interim dividend: ₹23 per share
- Buyback: ₹18,000 crore
- Buyback price: ₹1,800 per share
- Shares bought back: 10 crore shares Infosys q3-and-9m-fy26-financia…
Promoter, FII and DII Holding – Any Change?
This Q3 financial result document does not include shareholding pattern tables, so promoter/FII/DII changes are not available in this PDF set.
To check holding changes, we need the latest:
- NSE shareholding pattern filing, or
- BSE shareholding filing
Final Takeaway for Investors
Infosys Q3 FY26 results show:
Positives
- Strong revenue growth in ₹ terms
- Excellent large deal wins ($4.8B)
- Strong free cash flow generation
- Healthy adjusted margins
- Strong shareholder payouts (dividend + buyback)
Key Concern
- Constant currency growth is still low
- Profit was impacted by Labour Code exceptional item
Overall, Infosys continues to look like a stable large-cap IT company with strong cash flow and improving deal momentum.
FAQs for Infosys
Q1. What is Infosys Q3 FY26 revenue in rupees?
Infosys Q3 FY26 revenue from operations was ₹45,479 crore. Infosys consol-fy26-q3-and-9m-f…
Q2. What is Infosys Q3 FY26 net profit?
Infosys Q3 FY26 net profit was ₹6,666 crore. Infosys consol-fy26-q3-and-9m-f…
Q3. Why did Infosys profit fall in Q3 FY26?
Profit was impacted by a one-time exceptional cost of ₹1,289 crore due to Labour Code provisions. Infosys q3-and-9m-fy26-financia…
Q4. What is Infosys FY26 guidance?
Infosys expects 3.0%–3.5% constant currency revenue growth and 20%–22% operating margin. Infosys ifrs-inr-press-release
Q5. How much large deal wins did Infosys report?
Infosys reported $4.8 billion large deal wins in Q3 FY26. Infosys ifrs-inr-press-release
Disclaimer
This post is for educational purposes only and is not investment advice. Please consult a registered financial advisor before taking investment decisions.
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