Overview
- Infosys increased its FY26 constant-currency revenue growth outlook to 3–3.5% from 2–3%, signaling firmer demand.
- American Depositary Receipts rose about 10% after the announcement, putting the stock in focus as Indian trading resumes.
- Q3 results showed revenue up 9% to Rs 45,479 crore and net profit at Rs 6,654 crore, with a disclosed one-time Labour Code impact of Rs 1,289 crore and an adjusted EBIT margin of 21.2%.
- Deal momentum strengthened with $4.8 billion in total contract value, 57% net new, supported by wins such as the NHS UK contract and a sharpened focus on six AI value pools.
- Most brokerages maintained Buy ratings and lifted targets—many in the Rs 1,750–1,900 range, with one at Rs 2,200—while noting watch items including Q4 exit rates, Telstra JV treatment, and potential Daimler exposure.