Infosys Q3FY26 Highlights: IT major Infosys reported a 2.23% year-on year (YoY) deecline in its consolidated net profit at Rs 6,654 crore from Rs 6,806 crore reported in Q3FY25.
On the sequential basis the company reported a decline of 9.64% from Rs 7,364 crore reported in Q2FY26.
Key highlights
#1. Labour code impact: Infosys has incurred Rs 1,289 crore one-time impact of new labour code effective from November 2025.
#2. FY26 guidance- The company raised the FY26 constant currency revenue growth guidance to 3% to 3.5%.
#3. Deal pipeline- Infosys reported large deal total contract value (TCV) of $4.8 billion, with 57% coming from net new deals.
#4. Attrition: Infosys’ total headcount increased by 5,043 employees sequentially to 337,034, while voluntary attrition (LTM) declined to 12.3%, compared with 14.3% in the previous quarter.
#5. Revenue growth: Despite a decline in profit, Infosys’ revenue increased 8.9% year-on-year (YoY) in Q3FY26 at Rs 45,479 crore, from Rs 41,764 crore reported in Q3FY25.
Infosys Q3 Results Live Updates: CFO says company hired 18,000 freshers in FY26
Infosys CFO Jayesh Sanghrajka said that the company has hired 18,000 freshers so far in FY26, amid a dip in attrition.
He added that Infosys is well on its way to reach its' 20,000 freshers hiring goal that was set last year
Infosys Q3 Results Live Updates: voluntary attrition declined
Infosys’ total headcount increased by 5,043 employees sequentially to 337,034, while voluntary attrition (LTM) declined to 12.3%, compared with 14.3% in the previous quarter (Q2FY26).
“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” said Jayesh Sanghrajka, CFO. “In line with our capital allocation policy, we successfully completed the largest ever buyback of Rs 18,000 crore and paid out interim dividend to shareholders”, he added.
AI-led offerings drive strong Q3 performance: Salil Parekh
“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”, said Salil Parekh, CEO and MD. “Central to this journey is our commitment to reskill, transform and empower our dedicated human resource pool to drive success in an AI augmented world” he added.
Infosys Q3 Results Live Updates: Large deal wins jump to $4.8 billion
Large order bookings, or deals over $30 million, stood at $4.8 billion in Q3FY26, compared to $3.1 billion in the previous quarter(Q2FY26) and $2.5 billion in Q3FY25.
The company also won AI-led deals with companies such as software giant Adobe and German conglomerate Siemens AG in 2025.
Infosys Q3 Results Live Updates: Profit hit by one-time Rs 1,289 crore impact
Infosys in its Q3 release said that net profit of Rs 6,654 crore includes the one-time impact of Rs 1,289 crore rupees on account of India's new labour codes enacted in November 2025.
"The Group has assessed the financial implications of these changes which has resulted in increase in gratuity liability arising out of past service cost and increase in leave liability by Rs 1,289 crore," the company said.
Infosys Q3 Results Live Updates: Revenue rises 8.9% YoY
Infosys’ revenue stood at Rs 45,479 crore, up 8.9% year-on-year (YoY) from Rs 41,764 crore reported in Q3FY25.
On a sequential basis, revenue increased 2.2% from Rs 44,490 crore in Q2FY26.
Infosys raised the FY26 constant currency revenue growth guidance to 3% to 3.5%.
The company maintained operating margin guidance at 20–22%, excluding the one-time labour codes impact.
Infosys Q3 Results Live Updates: Profit falls 2.23% YoY
Infosys reported a 2.23% year-on-year (YoY) decline in its consolidated net profit to Rs 6,654 crore in Q3FY26, compared with Rs 6,806 crore in Q3FY25.
On a sequential basis, the company reported a 9.64% decline from Rs 7,364 crore in Q2FY26.
Infosys Q3 Results, Earnings Live Updates: Infosys likely to maintain FY26 growth
Nuvama expects Infosys’ revenue to grow 0.4% QoQ in constant currency and 0.2% QoQ in US dollar terms, with lower third-party revenue on a year-on-year basis.
"EBIT margins are likely to expand by around 20 basis points QoQ, supported by Project Maximus and currency tailwinds." Nuvama said.
"The company is expected to maintain its FY26 revenue growth guidance of 2–3% in constant currency terms and EBIT margin guidance of 20–22%," it added.
Infosys Q3 Results, Earnings Live Updates: Infosys may raise FY26 revenue growth guidance
Equirus Securities expected Infosys to guide for 2.5–3.0% constant currency revenue growth in FY26, up from the current 2–3%, excluding any contribution from the proposed Versent Group acquisition. EBIT margin guidance is likely to remain unchanged at 20–22%.
"Infosys is also expected to see a sharp sequential rise in large deal TCV, following a mega deal win announced in October 2025," the report by Equirus Securities.
Equirus Securities expects see flat QoQ revenue and margins to inch up
"Infosys is expected to report largely flat US dollar revenue sequentially, with 0.2% QoQ growth in constant currency terms. EBIT margins are likely to improve by 20 basis points QoQ, supported by currency benefits and cost efficiencies under Project Maximus, though this will be partly offset by furloughs and lower billing days."
The share price of Infosys closed in the green, up 0.07 % in intraday trade at Rs 1599.05. The stock has gained 8.06% over the past three months.
Infosys Q3 Results, Earnings Live Updates: Kotak sees QoQ growth driven by large deal ramp-ups
Kotak Institutional Securities forecast a 1 QoQ growth in Infosys’ services business, led by the ramp-up of large deals won during the quarter.
“The Seasonality in the products business would have 180 bps qoq incremental contribution to overall revenue growth.” Kotak Institutional Securities.
For Infosys, the broker forecasts an underlying EBIT margin increase of 100 basis points quarter-over-quarter to 18.5%, after factoring in a 70-basis-point impact from restructuring charges.
“We expect healthy TCV of deal wins in the $2.5 bn range,” Kotak said.
Infosys Q3 Results, Earnings Live Updates: Revenue seen up 7.7% YoY
Deven Choksey expects AI-driven digital transformation, large deal ramp-ups to drive the revenue growth. “We expect Infosys to report Q3FY26 revenue of Rs 44,965.9 crore, up 7.7% year-on-year (YoY), led by AI-driven digital transformation, large deal ramp-ups including the $1.6 Bn mega deal, and strength in Financial Services and Manufacturing,” a report by Deven Choksey noted.
Choksey expects EBITDA to be at Rs 10,957.1 crore, with margins improving to 24.4% on the back of Project Maximus savings, forex gains, a better offshore mix, and AI-led productivity. Net profit is estimated at Rs 7,490.6 crore, up 10.1% YoY, with margins rising to 16.6%.
The share price of Infosys is trading 0.81% lower at Rs 1,586.10 on the BSE in the intra-day trade.
Infosys Q3 Results, Earnings Live Updates: New labour code hits IT peers’ profits in Q3FY26
IT peers TCS and HCLTech had reported its Q3FY26 earlier this week. Their profit was hit by the restructuring expenses due to new labour code. TCS reported a 14% decline in its consolidated net profit at Rs 10,657 and incurred Statutory impact of new Labour Codes of Rs 2,128 crore in Q3FY26. HCLTech reported a 11.22% decline in consolidated net profit at Rs 4,076 and incurred an One time impact of New Labour Codes of Rs 956 crore. HCLTech’s Q3 EBIT margin at Rs 6,285 crores also saw 81 bps impact of restructuring cost.
Infosys Q3 Results, Earnings Live Updates: Q2FY26 Highlights
In Q2FY26, the Management raised FY26 CC revenue growth guidance to 2–3% from prior 1-3% while maintaining the 20–22% margin band amid H2 seasonality and macro uncertainty.
Infosys board has approved a Rs 18,000 crore buyback through the tender offer route at Rs 1,800 per share.
Large deal TCV came in at $3.1 Bn, with 67% net new.
In Q2 FY26, Infosys reported a 13.19% YoY profit growth. The company’s consolidated net profit grew to Rs 7,364 crore in Q2 FY26, compared to Rs 6,506 crore in Q2 FY25.
In the last quarter, the tech company’s revenue also grew by 8.55% YoY. Infosys’ consolidated revenue from operations in Q2 FY26 stood at Rs 44,990 crore, while its revenue in the corresponding quarter of the previous fiscal year was Rs 40,986 crore.
Infosys Q3 Results, Earnings Live Updates: Axis Securities sees modest growth
Axis Securities Equity Research expects furloughs and lower working days to keep Q3 growth modest. “We expect Infosys to report revenue growth of 2.7% QoQ, driven by deal ramp-ups, while furloughs and lower working days are likely to keep growth modest. EBIT margins are expected to remain flat sequentially, supported by the cost optimisation programme, i.e. Project Maximus,” the report noted.
The focus this quarter is also on the impact of the new labour codes on IT earnings.
Jefferies, in its report, noted that the changes introduced by the government, which came into effect from November 25, could lead to a one-time impact of 10–20% on profits in Q3FY26, while also pushing up recurring employee costs by as much as 5%.
However, it added that Infosys may see the lowest impact due to its superior margin profile.
Read more: Not a One-Time impact for IT firms: Jefferies warns new labour codes impact is just getting started
1. Impact of new labour codes
2. FY26 guidance
3. Dividend announcement
4. TCV/Deal pipeline
5. FY26 Revenue growth
Infosys Q3 Results, Earnings Live Updates: Q3FY26 results to be released today
Infosys will announce its second quarter results for FY26 today. “Infosys, a global leader in next-generation digital services and consulting, will announce results for the third quarter ended December 31, 2025 on Wednesday, January 14, 2026 around 3:45 pm."
Infosys Q3 Results, Earnings Live Updates: Welcome to this LIVE blog!
Greetings! IT major Infosys is all set to announce its Q3 results today. Its IT peers TCS and HCLTech has already declared their numbers on Monday, January 12.
Stay tuned for complete coverage — from key financial metrics and dividend announcements to total contract value (TCV) updates and management commentary on new Labour Code. We’ll also bring you sharp analysis and insights as the numbers come in.