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Infosys Lifts FY26 Growth Guidance as One-Time Labour-Code Hit Trims Q3 Profit

Large AI-focused deal wins, including a $1.6 billion NHS contract, reinforced the company’s outlook.

A logo of Infosys sits outside the company's house on the opening day of the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 20, 2025. REUTERS/Yves Herman
FILE - A Citibank office is open, Wednesday, Jan. 13, 2021 in New York. Citigroup reports their quarterly earnings, Thursday, Oct. 14, 2021. (AP Photo/Mark Lennihan, File)
The office of BNY Mellon investment banking company is pictured in New York City, U.S., July 10, 2024.REUTERS/David 'Dee' Delgado/File Photo
FILE - A Wells Fargo office in New York, displays its logos at its ATM, Jan. 13, 2021. (AP Photo/Mark Lennihan, File)

Overview

  • Infosys reported Q3 FY26 revenue of Rs 45,479 crore, up 8.9% year-on-year, and net profit of Rs 6,654 crore, down 2.2% after a Rs 1,289 crore provision tied to India’s new Labour Codes.
  • The company raised full-year constant-currency revenue growth guidance to 3.0–3.5% and maintained an operating margin band of 20–22%.
  • Large-deal TCV totaled $4.8 billion with 57% net new work, featuring a $1.6 billion agreement with the UK National Health Service; adjusted profit excluding the provision was reported at Rs 7,625 crore.
  • Union Bank of India’s Q3 profit rose roughly 9–9.7% year-on-year to Rs 5,017–5,073 crore as provisions fell, with gross NPA at 3.06% and net NPA at 0.51%, and the stock gained about 8%.
  • ICICI Prudential Life posted Q3 profit after tax of Rs 390 crore, up 19.6% year-on-year, with NBSA growth and assets under management at Rs 3.31 lakh crore as of Dec. 31, 2025.