Arthneeti

Infosys Q2 FY27 Share Price & Earnings Call Analysis

₹1,185.00+3.36% today
Market cap
₹4.81L Cr
P/E
15.43
ROE
31.89%
PEG
1.97
Price to sales
2.59
Debt to equity
0.10
52W high / low
₹1,690 / ₹985
Sales growth (5Y)
12.20%
EBITDA margin
23.70%
Net profit margin
16.86%
Promoter holding
13.82%
Sales (last year)
₹1.85L Cr

Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation.[1] It is the 2nd largest Information Technology company in India behind TCS.[2]

Guidance scorecard · Q2 FY27 call

What Infosys Ltd's management guided
and where it ranks in IT - Software

#32of 37 in
IT - Software
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • Infosys revised its FY27 revenue growth guidance to 1.5% to 3% YoY in constant currency, reflecting a cautious outlook amid macro uncertainty.
  • AI services revenue is a key growth driver, now constituting 8.2% of total revenue and showing strong double-digit QoQ growth over several quarters.
  • Large deal pipeline remains healthy, with strong traction across six AI value pools including process AI, AI engineering, and data AI.
  • Demand is particularly strong in Financial Services and Energy/Utilities sectors, while Retail growth remains constrained.
  • Recruitment focuses on hiring 20,000 college graduates annually to build AI-focused talent, supporting future service expansion.

2 more points from Infosys Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Infosys Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Infosys continues to look at acquisitions and investments, maintaining a good pipeline.
  • Recent acquisitions include Life Sciences, Healthcare, and Insurance sectors.
  • The company has an innovation fund that invests in early-stage companies with minority interests, focusing on technologies that can be leveraged across their client base.
  • Investments have historically been made in data and analytics and now include various other technologies.
  • AI investments are prioritized, including building AI capabilities and tools like Infosys Topaz Fabric.

2 more points from Infosys Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Infosys Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Infosys won large deals totaling $3.6 billion with a high net new of 61%, reflecting strong client interest.
  • Of the 22 large deals, three were each worth $400 million.
  • 20% of the large deal Total Contract Value (TCV) came from new vendor consolidation deals.
  • Vertically, deal wins include 5 in Financial Services and Communications, 4 in Europe, Middle East and Russia (EURS), 3 in Manufacturing, 2 in Retail, and 1 each in Life Sciences, HiTech, and others.

2 more points from Infosys Ltd's call on the order book

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Full Q1 FY27 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does Infosys Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

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Financials of Infosys Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Infosys Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +14.78%14.71%14.61%14.43%14.43%14.60%14.61%14.30%14.52%14.38%13.82%13.90%
FIIs +33.70%34.11%32.74%33.28%33.30%32.89%31.92%30.08%30.27%28.45%27.09%27.44%
DIIs +35.51%35.62%37.28%37.81%38.19%38.32%39.39%41.46%41.08%43.19%42.78%42.66%
Government +0.20%0.21%0.21%0.20%0.20%0.21%0.21%0.20%0.20%0.20%0.20%0.20%
Public +15.52%15.06%14.91%14.01%13.62%13.72%13.62%13.70%13.69%13.54%15.88%15.59%
Others +0.30%0.29%0.27%0.27%0.27%0.26%0.25%0.24%0.24%0.23%0.21%0.21%
No. of Shareholders28,97,03027,73,40628,20,74025,76,99125,42,76625,46,23425,79,16427,19,35326,31,80327,48,59629,58,29729,48,075

Financials of Infosys Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +38,99438,82137,92339,31540,98641,76440,92542,27944,49045,47946,40248,21149,244
Expenses +29,55429,68429,13929,87831,17731,64931,05132,33633,95534,84535,23536,80237,555
Operating Profit9,4409,1378,7849,4379,80910,1159,8749,94310,53510,63411,16711,40911,689
OPM %24%24%23%24%24%24%24%24%24%23%24%24%24%
Other Income +6327892,7298387128591,1901,042982-1501,159984848
Interest138131110105108101102105106100105119115
Depreciation1,1661,1761,1631,1491,1601,2031,2991,1401,1821,1551,4241,2461,359
Profit before tax8,7688,61910,2409,0219,2539,6709,6639,74010,2299,22910,79711,02811,063
Tax %29%29%22%29%30%29%27%29%28%28%21%30%29%
Net Profit +6,2156,1137,9756,3746,5166,8227,0386,9247,3756,6668,5097,7757,838
EPS in Rs14.9714.7119.2015.3415.6716.3916.9316.6617.7316.4120.9619.1519.28

Financials of Infosys Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +53,31962,44168,48470,52282,67590,791100,472121,641146,767153,670162,990178,650189,336
Expenses +38,43645,36249,88051,70062,50568,52472,58390,150111,637117,245123,754136,370144,437
Operating Profit14,88317,07918,60418,82220,17022,26727,88931,49135,13036,42539,23642,28044,899
OPM %28%27%27%27%24%25%28%26%24%24%24%24%24%
Other Income +3,4303,1203,0503,3112,8822,8032,2012,2952,7014,7113,6003,0332,841
Interest120000170195200284470416416439
Depreciation1,0171,4591,7031,8632,0112,8933,2673,4764,2254,6784,8124,9025,184
Profit before tax17,28418,74019,95120,27021,04122,00726,62830,11033,32235,98837,60839,99542,117
Tax %28%28%28%21%27%24%27%26%28%27%29%26%
Net Profit +12,37213,48914,35316,02915,41016,63919,42322,14624,10826,24826,75029,47430,788
EPS in Rs26.9329.3631.2436.6935.2638.9645.4252.5658.0863.2064.3272.5975.80
Dividend Payout %55%41%41%59%60%45%59%59%58%73%67%66%

Financials of Infosys Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital5721,1441,1441,0882,1702,1222,1242,0982,0692,0712,0732,0242,026
Reserves50,16460,60067,83863,83562,77863,32874,22773,25273,33886,04593,74590,82897,051
Borrowings +000004,6335,3255,4748,2998,3598,2279,1768,525
Other Liabilities +15,55313,35414,16614,42619,11821,71725,83535,90540,89039,54543,75052,26055,878
Total Liabilities66,28975,09883,14879,34984,06691,800107,511116,729124,596136,020147,795154,288163,480
Fixed Assets +11,34613,38614,17912,57415,71023,78925,50525,80029,22527,62230,96133,77038,536
CWIP7769601,3651,6061,388954922416288293814526423
Investments2,2701,89216,42312,16311,2618,79214,20520,32419,47824,62323,54121,88022,151
Other Assets +51,89758,86051,18153,00655,70758,26566,87970,18975,60583,48292,47998,112102,370
Total Assets66,28975,09883,14879,34984,06691,800107,511116,729124,596136,020147,795154,288163,480

Financials of Infosys Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +8,35310,02811,53113,21814,84117,00323,22423,88522,46725,21035,69433,986
Cash from Investing Activity +999-885-14,6644,533-632-331-7,373-6,485-1,071-5,093-1,8643,546
Cash from Financing Activity +-4,935-6,813-6,939-20,505-14,512-17,591-9,786-24,642-26,695-17,504-24,161-39,786
Net Cash Flow4,4172,330-10,072-2,754-303-9196,065-7,242-5,2992,6139,669-2,254
Free Cash Flow6,1067,3058,77111,22012,39613,69621,11721,72419,88823,00933,45731,259
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit101%93%92%107%107%97%106%100%89%95%105%101%

Financials of Infosys Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days666666686574706863727072
Inventory Days
Days Payable
Cash Conversion Cycle666666686574706863727072
Working Capital Days33438503642362831543933
ROCE %36%33%30%30%32%32%35%37%40%40%38%40%

Guidance history

How Infosys Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

26out of 100

Momentum score · price trend

26 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−20.7%37%
Last 6 months+0.3%56%
Last 3 months+4.9%76%

The price is 40.7% below its all-time high of ₹1,999.7 (13 Dec 2024). Stocks more than 20% below their peak have their score halved, so 52 became 26.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Infosys Ltd: 0.4 × 37 + 0.4 × 56 + 0.2 × 76 = 52, halved to 26 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Infosys Ltd's management said in earlier quarters

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