Provides IT services, consulting, and digital transformation to global enterprises across eight industry verticals. In FY26, total revenue was ₹178,650 crore, with Financial Services the largest vertical at 27.9% of segment revenue (₹49,908 crore), followed by Manufacturing at 16.3%, Energy, Utilities, Resources and Services at 13.3%, Retail at 12.9%, and Communication at 12.2%. The business is people-driven: employee cost is the dominant input at 53.2% of revenue (₹95,094 crore), with other operating expenses at 23.1% and depreciation at 2.7%. On the demand side, AI-focused services (Topaz, Finacle, Cobalt platforms) reached 8.2% of revenue in Q1 FY27, up from 5.5% in Q3 FY26, supported by 80,000 employees using AI coding tools and a target of 6,000 Frontier Engineers in coming years. Q1 FY27 signed large-deal TCV of $3.6 billion at 61% net new, with vendor consolidation contributing about $700 million of net new business, while operating margin held at 21.1% and free cash flow came in at $955 million (116.5% of net profit). FY27 revenue growth guidance was set at 1.5-3% in constant currency and margin guidance at 20-22%, with acquisitions (Stratus Global, Optimum Healthcare IT) and a CEO transition from Salil Parekh to Ashiss Kumar Dash effective April 1, 2027 also disclosed during the quarter. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Financial Services (28%), Manufacturing (16%), Energy, Utilities, Resources and Services (13%), Retail (13%), Communication (12%), Hi-Tech (8%), Life Sciences (7%), All other segments (3%). People-driven, asset-light IT services and digital transformation exporter.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,21,641 | 1,46,767 | 1,53,670 | 1,62,990 | 1,78,650 |
| EBITDA (ex other income) | 31,491 | 35,130 | 36,425 | 39,236 | 40,991 |
| margin % | 25.9 | 23.9 | 23.7 | 24.1 | 22.9 |
| Owners' profit | 22,110 | 24,095 | 26,233 | 26,713 | 29,440 |
| EPS, as reported (₹) | 52.52 | 57.63 | 63.39 | 64.50 | 71.58 |
| ROE % · ROCE % | 29.2 · 36.0 | 31.8 · 38.8 | 29.7 · 36.8 | 27.8 · 35.9 | 31.6 · 39.0 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | 23,885 | 22,467 | 25,210 | 35,694 | 33,986 |
| Capex | (2,161) | (2,579) | (2,201) | (2,237) | (2,727) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40,986 | 41,764 | 40,925 | 42,279 | 44,490 | 45,479 | 46,402 | 48,211 |
| Profit before tax | 9,253 | 9,670 | 9,663 | 9,740 | 10,229 | 9,229 | 10,797 | 11,028 |
| Net profit | 6,516 | 6,822 | 7,038 | 6,924 | 7,375 | 6,666 | 8,509 | 7,775 |
| EPS (₹) | 15.71 | 16.43 | 16.98 | 16.70 | 17.76 | 16.17 | 21.01 | 19.19 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Financial Services | 49,909 | 27.9 |
| Manufacturing | 29,079 | 16.3 |
| Energy, Utilities, Resources and Services | 23,817 | 13.3 |
| Retail | 23,077 | 12.9 |
| Communication | 21,764 | 12.2 |
| Hi-Tech | 13,928 | 7.8 |
| Life Sciences | 12,268 | 6.9 |
| All other segments | 4,808 | 2.7 |
| Total, before eliminations | 1,78,650 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · Infosys Foundation partners MMC to boost cardio-obstetric care in Chennai | compliance | low | — | — |
| 7 Sept 2026 · Infosys management to attend GS India IT Services investor conference | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Infosys liquidates two small step-down subsidiaries in UK and China | strategic transactions | low | — | — |
| 1 Sept 2026 · Infosys management to attend J.P. Morgan and UBS investor events | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Infosys publishes notice on special window to demat physical shares | compliance | minimal | — | — |
| 25 Aug 2026 · Infosys management to attend investor meetings in Mumbai and virtual | board shareholder meetings | low | — | — |
| 25 Aug 2026 · Infosys shares research on AI returns gap in enterprises | business updates | low | — | — |
| 24 Aug 2026 · Allotment of 175865 equity shares to employees under RSU plans | capital market events | low | — | — |
| 24 Aug 2026 · Infosys appoints Mitrankur Majumdar as head of SURE segment | management changes | medium | — | — |
| 19 Aug 2026 · Infosys Aster recognized as Leader in Everest Group assessment | business updates | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED ◆ | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 14.0 | 16.6 | 28 of 71 | 61% |
| P/B | 4.5 | 2.9 | 45 of 64 | 30% |
| ROCE | 38.6 | 14.2 | 4 of 78 | 96% |
| ROE | 31.6 | 11.5 | 4 of 67 | 96% |
| Debt / Equity | 0.0 | 0.0 | 4 of 68 | 64% |
| EBITDA margin | 25.7 | 18.4 | 14 of 65 | 80% |
| Revenue growth | 14.0 | 10.6 | 26 of 63 | 60% |
| Profit growth | 12.3 | 6.7 | 28 of 62 | 56% |
| Market cap | 420891 | 475 | 2 of 75 | 99% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
