loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Infosys Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Infosys Ltd. 16 Oct 2025 16:34 PM
Result PDF

Q2FY26 Quarterly Result Announced for Infosys Ltd.

IT Consulting & Software company Infosys announced Q2FY26 results

  • Revenues in CC terms grew by 2.9% YoY and 2.2% QoQ.
  • Reported revenues at Rs 44,490 crore, growth of 8.6% YoY.
  • Operating margin at 21.0%, decline of 0.1% YoY and growth of 0.2% QoQ.
  • Basic EPS at Rs 17.76, growth of 13.1% YoY.
  • FCF at Rs 9,677 crore, growth of 38.0% YoY; FCF conversion at 131.2% of net profit.

Salil Parekh, CEO and MD, said: “We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep understanding of clients’ priorities to deliver value from AI in this environment.”

“Our proactive investments, over the last three years, in embracing an AI-first culture within Infosys has ensured that our people are reskilled to thrive in a human AI workplace. Infosys Topaz’s differentiated value proposition is unlocking value at scale in every transformation program.”

Jayesh Sanghrajka, CFO, said: We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation and 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to futureproof the business with a tight focus on execution, amidst high uncertainty.”

“In line with our Capital Allocation Policy, we have announced a share buyback for Rs 18,000 crore during the quarter and an interim dividend of Rs 23 per share, an increase of 9.5% over last fiscal.”

Result PDF

Result PDF

IT Consulting & Software company Infosys announced Q1FY26 results

  • Revenues in CC terms grew by 3.8% YoY and by 2.6% QoQ.
  • Reported revenues at Rs 42,279 crore, growth of 7.5% YoY.
  • Operating margin at 20.8%, decline of 0.3% YoY and decline of 0.2% QoQ.
  • Basic EPS at Rs 16.70, increase of 8.6% YoY.
  • FCF at Rs 7,533 crore, decline of 17.7% YoY; FCF conversion at 108.8% of net profit.

Jayesh Sanghrajka, CFO, said: “Q1 performance is a clear reflection of our unwavering focus on multiple fronts resulting in strong growth at 2.6% QoQ, resilient margins at 20.8% and EPS increase of 8.6% YoY. We continue to leverage Project Maximus to make investments in strategic priorities to drive profitable growth and enhance shareholder value.”

“Cash flow conversion was well above 100% for the fifth consecutive quarter. The impact of currency volatility was effectively managed through our proactive hedging strategy.”

Salil Parekh, CEO & MD, said: "Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees.”

“Our large deal wins of USD 3.8 billion reflect our distinct competitive positioning and deep client relationships.”

Result PDF

IT Consulting & Software company Infosys announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenues in CC terms grew by 4.8% YoY and declined by 3.5% QoQ.
  • Reported revenues at Rs 40,925 crore, growth of 7.9% YoY.
  • Operating margin at 21.0%, increase of 0.9% YoY and decline of 0.3% QoQ.
  • Basic EPS at Rs 16.98, decline of 11.8% YoY.
  • FCF at Rs 7,737 crore, growth of 10.0% YoY; FCF conversion at 109.9% of net profit.

FY25 Financial Highlights:

  • Revenues in CC terms grew by 4.2% YoY.
  • Reported revenues at Rs 1,62,990 crore, growth of 6.1% YoY.
  • Operating margin at 21.1%, growth of 0.5% YoY.
  • Basic EPS at Rs 64.50, growth of 1.8% YoY.
  • FCF at Rs 34,549 crore, growth of 44.8% YoY; FCF conversion at 129.2% of net profit.

Salil Parekh, CEO & MD, Infosys, said: "We have built a resilient organization with sharp focus on client-centricity and responsiveness to the market, thanks to the trust of our clients and dedication of our employees. Our performance for the year has been robust in terms of revenues, expansion in operating margins and highest ever free cash generation.”

“Our depth in AI, cloud and digital and strength in cost efficiency, automation, and consolidation position us well for the needs of our clients”

Jayesh Sanghrajka, CFO, Infosys, said: "FY25 operating margins expanded by 0.5% which reflects our relentless focus on identifying opportunities for efficiency and executing Project Maximus with discipline, after navigating through multiple headwinds in a challenging macro environment. We delivered the highest ever free cash flows in the history of the company in FY25.”

"The Board has proposed a final dividend of Rs 22, which along with the interim dividend, is an increase of 13.2% over last year."

Result PDF

IT Consulting & Software company Infosys announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

  • Revenues in CC terms grew by 6.1% YoY and 1.7% QoQ.
  • Reported revenues at Rs 41,764 crore, growth of 7.6% YoY.
  • Operating margin at 21.3%, increase of 0.8% YoY and 0.2% QoQ.
  • Basic EPS at Rs 16.43, growth of 11.4% YoY.
  • FCF at Rs 10,647 crore, growth of 91.9% YoY; FCF conversion at 156.1% of net profit.

9MFY25 Financial Highlights:

  • Revenues in CC terms grew by 3.9% YoY.
  • Reported revenues at Rs 122,064 crore, growth of 5.5% YoY.
  • Operating margin at 21.2%, growth of 0.3% YoY.
  • Basic EPS at Rs 47.52, growth of 7.7% YoY.
  • FCF at Rs 26,812 crore, growth of 59.3% YoY; FCF conversion at 136.0% of net profit.

Salil Parekh, CEO and MD, Infosys, said: .“Our strong revenue growth sequentially in a seasonally weak quarter and broad-based year on year growth, along with robust operating parameters and margins, is a clear reflection of the success of our differentiated digital offerings, market positioning, and key strategic initiatives. We continue to strengthen our enterprise AI capabilities, particularly focusing on generative AI, which is witnessing increasing client traction.”

“This has led to another quarter of strong large deal wins and improved deal pipeline giving us greater confidence as we look ahead.'

Jayesh Sanghrajka, CFO, Infosys, said: “We had another quarter of strong performance with revenue growth across segments and operating margin expansion, leading to 11.4% EPS growth year on year in rupee terms. Our structured approach to operating margin expansion yielded more results in Q3, particularly due to benefits from improving realization and scale benefits.”

“Our sharp focus on cash flow is reflected in Free cash conversion to net profits of 157% in Q3FY25 with free cash generation for 9 months of FY25 surpassing that of entire FY24”

Result PDF

IT Consulting & Software company Infosys announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Revenues in CC terms grew by 3.3% YoY and 3.1% QoQ.
  • Reported revenues at Rs 40,986 crore, growth of 5.1% YoY.
  • Operating margin at 21.1%, decline of 0.1% YoY and flat QoQ.
  • Basic EPS at Rs 15.71, growth of 4.7% YoY.
  • FCF at Rs 7,010 crore, growth of 26.6% YoY; FCF conversion at 107.6% of net profit.

H1FY25 Financial Highlights:

  • Revenues in CC terms grew by 2.9% YoY.
  • Reported revenues at Rs 80,300 crore, growth of 4.4% YoY.
  • Operating margin at 21.1%, growth of 0.1% YoY.
  • Basic EPS at Rs 31.09, growth of 5.8% YoY.
  • FCF at Rs 16,165 crore, growth of 43.2% YoY; FCF conversion at 125.4% of net profit.

Salil Parekh, CEO and MD, Infossys said: “We had strong growth of 3.1% quarter-on-quarter in constant current in Q2. The growth was broad based with good momentum in financial services. This stems from our strength in industry expertise, market leading capabilities in cloud with Cobalt and generative AI with Topaz, resulting in growing client preference to partner with us. Our large deals at $2.4 billion in Q2 reflect our differentiated position. I am grateful to our employees for their unwavering commitment to our client as we further strengthen our market leadership”.

Jayesh Sanghrajka, CFO, Infosys said: “We continue to focus on accelerating revenue growth with a sharp focus on margin performance. Operating margins for the quarter was at 21.1%, driven by continued benefits from value-based pricing and utilization despite higher employee payouts. Our focus on cash generation resulted in another quarter of over 100% Free Cash Flow conversion to net profits”.

Result PDF

IT Consulting & Software company Infosys announced Q1FY25 results:

  • Revenues in CC terms grew by 2.5% YoY and by 3.6% QoQ
  • Reported revenues at Rs 39,315 crore, growth of 3.6% YoY
  • Operating margin at 21.1%, growth of 0.3% YoY and 1.0% QoQ
  • Basic EPS at Rs 15.38, increase of 7.0% YoY
  • FCF at Rs 9,155 crore, growth of 59.2% YoY
  • FCF conversion at 143.6% of net profit

Speaking on the results, Salil Parekh, CEO and MD, said: “We had an excellent start to FY25 with strong and broad-based growth, operating margin expansion, robust large deals, and highest ever cash generation. This is a testimony to our differentiated service offerings, enormous client trust, and relentless execution”.

“With our focused approach for generative AI for enterprises working with their data sets on a cloud foundation, we have strong traction with our clients. This is building on our Topaz and Cobalt capabilities” he added.

Speaking on the results, Jayesh Sanghrajka, CFO, said: “Our relentless drive on cost optimization through Project Maximus, a comprehensive margin expansion program, is reflected in the all-round improvement in key operating metrices leading to 1.0% growth in operating margin in Q1”.

“We had the highest ever FCF generation at USD 1.1 billion and ROE increased to 33.6% due to higher payouts to investors”, he added.

Result PDF

IT Consulting & Software company Infosys announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Reported revenues were Rs 37,923 crore, reflecting a growth of 1.3% YoY, declined 2% QoQ.
  • Revenues remained flat YoY in constant currency (CC) terms.
  • Operating margin was 20.1%, marking a decline of 0.9% YoY and 0.4% QoQ.
  • Basic earnings per share (EPS) stood at Rs 19.25, showing an increase of 30.2% YoY.
  • FCF amounted to Rs 7,032 crore, demonstrating a growth of 20.3% YoY.
  • FCF conversion was at 88.2% of net profit.

FY24 Financial Highlights:

  • Reported revenues reached Rs 1,53,670 crore, indicating a growth of 4.7% YoY.
  • Revenues grew by 1.4% YoY in constant currency (CC) terms.
  • Operating margin for the year was 20.7%, down by 0.4% YoY.
  • Basic EPS for the year was Rs 63.39, showing an increase of 10.0% YoY.
  • FCF amounted to Rs 23,865 crore, demonstrating a growth of 16.7% YoY.
  • FCF conversion was at 90.9% of net profit.

“We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to expand. We are working on client programs, leveraging large language models with impact across software engineering, process optimization, and customer support," said Salil Parekh, CEO and MD.

“I would like to thank our 3,17,000 employees across the world that are working to create value for our clients.” he added.

“Free cash flow of $848 million in Q4 was highest in the last 11 quarters driven by our relentless focus to improve working capital cycle. Consistent with the objective of giving high and predictable returns to shareholders, the Board has approved the capital allocation policy under which the company expects to return 85% over the next 5 years and progressively increase annual Dividend Per Share”, said Jayesh Sanghrajka, CFO.

“Operating margin expansion in the medium-term and improving cash generation continue to remain our priorities underpinned by early success in Project Maximus”, he added.

Result PDF

IT Consulting & Software company Infosys announced Q3FY24 & 9MFY24 results:

  • Q3FY24:

    • Revenues in CC terms declined by 1.0% YoY and QoQ
    • Reported revenues at Rs 38,821 crore, growth of 1.3% YoY
    • Operating margin at 20.5%, a decline of 1.0% YoY and 0.7% QoQ
    • Basic EPS at Rs 14.76, a decline of 6.1% YoY
    • FCF at Rs 5,548 crore, growth of 17.0% YoY; FCF conversion at 90.8% of net profit

  • 9MFY24:

    • Revenues in CC terms grew by 1.8% YoY
    • Reported revenues at Rs 1,15,748 crore, growth of 5.9% YoY
    • Operating margin at 20.8%, decline of 0.2% YoY
    • Basic EPS at Rs 44.13, growth of 3.0% YoY
    • FCF at Rs 16,833 crore, growth of 15.3% YoY; FCF conversion at 92.1% of net profit

“Our performance in Q3 was resilient. Large deal wins were strong at $3.2 billion, with 71% of this as net new, reflecting the relevance and strength of our portfolio of offerings ranging from generative AI, digital and cloud to cost, efficiency and automation” said Salil Parekh, CEO and MD.

“Our clients are leveraging our Topaz generative AI capabilities and our Cobalt cloud capabilities to create long-term value for their businesses”, he added.

“Q3 performance is a demonstration of our strong execution capabilities reflected in improved operational efficiencies achieved under ‘Project Maximus’, despite a challenging environment”, said Nilanjan Roy, Chief Financial Officer.

“Cash generation remained robust with FCF to net profit conversion for Q3 at 90.6%”, he added.

 

 

Result PDF

IT Consulting & Software company Infosys announced Q2FY24 & H1FY24 results:

  • Q2FY24:
    • Revenues in CC terms grew by 2.5% YoY and 2.3% QoQ
    • Reported revenues at Rs 38,994 crore, growth of 6.7% YoY
    • Operating margin at 21.2%, decline of 0.3% YoY and increase of 0.4% QoQ
    • Basic EPS at Rs 15.01, growth of 4.6% YoY
    • FCF at Rs 5,536 crore, growth of 16.5% YoY; FCF conversion at 89.1% of net profit
  • H1FY24:
    • Revenues in CC terms grew by 3.3% YoY
    • Reported revenues at Rs 76,927 crore, growth of 8.3% YoY
    • Operating margin at 21.0%, growth of 0.2% YoY
    • Basic EPS at Rs 29.38, growth of 8.3% YoY
    • FCF at Rs 11,285 crore, growth of 14.5% YoY; FCF conversion at 92.8% of net profit

“Our Q2 operating margin of 21.2% demonstrates the early benefits of the recently unveiled margin improvement plan and is a clear reflection of our ability to continuously identify opportunities for improving operational efficiencies”, said Nilanjan Roy, CFO.

“In line with our capital allocation policy, the Board has announced an interim dividend of Rs 18 per share, an increase of 9.1% over last year”, he added.

 

 

Result PDF

IT Consulting & Software company Infosys announced Q1FY24 results:

  • Revenues in CC terms grew by 4.2% YoY and by 1.0% QoQ
  • Reported revenues at Rs 37,933 crore, growth of 10.0% YoY
  • Operating margin at 20.8%, growth of 0.7% YoY and decline of 0.2% QoQ
  • Basic EPS at Rs 14.37, growth of 12.4% YoY
  • FCF at Rs 5,749 crore, growth of 12.6% YoY; FCF conversion at 96.7% of net profit
  • Strong large deal closures and robust deal pipeline position us well for future growth

“We had a solid Q1 with a growth of 4.2% and large deals of USD 2.3 billion which helps us to set a strong foundation for future growth. Our generative AI capabilities are expanding well, with 80 active client projects. Topaz, our comprehensive AI offering, is resonating well with clients. We see this being transformative for clients and enhancing our overall service portfolio” said Salil Parekh, CEO and MD.

“We have expanded the margin improvement program with a holistic set of actions for the short, medium and long-term, working on five key areas, supported by our leadership team”, he added.

“Q1 operating margins were resilient in an uncertain macro environment on the back of our continued focus on cost optimization. Company’s rigorous operational discipline including improved productivity measures and higher utilization helped margins for the quarter” said Nilanjan Roy, CFO.

“Free Cash conversion was robust at 96.6% of net profits. Execution of strong capital allocation policy resulted in higher payouts to investors and improved ROE to 32.8%” he added.

 

 

Result PDF

Trending News

China has announced restrictions on silver exports from 2026

China has announced restrictions on silver exports from 2026

Published on 15-Dec-2025 09:03

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

BEL has secured additional orders worth ₹776 crore since with the new orders spanning a wide range of defence and electronics products

Published on 15-Dec-2025 09:01

The Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season.

The Cabinet Committee on Economic Affairs approved an increase in the Minimum Support Price (MSP) for copra for the 2026 season.

Published on 15-Dec-2025 09:00

ACE and Sanghvi Movers have signed a strategic MoU

ACE and Sanghvi Movers have signed a strategic MoU

Published on 12-Dec-2025 09:05

Chalet Hotels has announced its plans to acquire a resort in Udaipur

 Chalet Hotels has announced its plans to acquire a resort in Udaipur

Published on 12-Dec-2025 09:04

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Union Cabinet is expected to consider the Insurance Amendment Bill that proposes major regulatory changes

Published on 12-Dec-2025 09:01

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status