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Infosys Raises FY26 Outlook After One-Time Labour Hit, Banks Post Profit Gains

The quarter showed IT results dampened by one-off labour code charges, versus banks reporting profit gains from easing credit costs.

Overview

  • Infosys reported Q3 FY26 revenue of Rs 45,479 crore, up 8.9% year-on-year, with net profit at Rs 6,654 crore down 2.2% after a Rs 1,289 crore charge tied to India’s new labour codes.
  • The company lifted its full-year constant-currency revenue growth guidance to 3.0–3.5% and maintained an operating margin band of 20–22%.
  • Large deal bookings reached $4.8 billion with 57% net new, including a major UK National Health Service award, alongside AI-led wins with clients such as Adobe and Siemens.
  • Union Bank of India’s Q3 profit rose about 9% to Rs 5,017 crore and Indian Overseas Bank’s climbed to Rs 723 crore, both aided by sharply lower provisions and improved asset quality metrics.
  • ICICI Prudential Life posted a 19.6% rise in quarterly profit to Rs 390 crore, as overall New Business Sum Assured grew even as net premium income declined.