Infosys Q2 FY27 Results: Consolidated Net Profit ₹7,838 Crore
Earnings
IT services
Blacklitt Research4 min read
In a filing on 23 Oct 2026, Infosys reported consolidated net profit of ₹7,838 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹42,421 crore and standalone net profit was ₹7,893 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
Revenue from operations: ₹49,244 crore, up 10.7% YoY and 2.1% QoQ
Net profit and EPS: ₹7,838 crore, up 6.3% YoY; basic EPS ₹19.32, up 8.8% YoY
Other income: ₹848 crore, down 13.6% YoY and 13.8% QoQ
Interim dividend: ₹26 per share, against ₹23 a year earlier; record date 3 Nov 2026
Standalone
The company on its own, without its subsidiaries
Total income: ₹42,421 crore, up 8.3% YoY and 3.9% QoQ
Net profit and EPS: ₹7,893 crore, up 1.7% YoY; basic EPS ₹19.45, up 4.1% YoY
Other income: ₹1,702 crore, down 25.0% YoY and up 94.7% QoQ
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
49,244
44,490
+10.7%
48,211
+2.1%
Other income
848
982
-13.6%
984
-13.8%
7,838
7,375
+6.3%
7,775
+0.8%
Profit before tax
11,063
10,229
+8.2%
11,028
+0.3%
Finance costs
115
106
+8.5%
119
-3.4%
Depreciation
1,359
1,182
+15.0%
1,246
+9.1%
Tax expense
3,225
2,854
+13.0%
3,253
-0.9%
EPS, basic (₹)
19.32
17.76
+8.8%
19.19
+0.7%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated revenue from operations rose 10.7% YoY to ₹49,244 crore and 2.1% QoQ. Net profit rose 6.3% to ₹7,838 crore, slower than both revenue and profit before tax, which rose 8.2% to ₹11,063 crore. Other income fell 13.6% YoY to ₹848 crore, from ₹982 crore a year earlier, and fell 13.8% from ₹984 crore in the June quarter.
Tax expense was ₹3,225 crore, 29.2% of profit before tax, and rose 13.0% YoY, faster than profit before tax. Finance costs were ₹115 crore, up 8.5% YoY, and depreciation was ₹1,359 crore, up 15.0% YoY, faster than revenue.
The notes say the quarter's tax expense includes net provisions of ₹99 crore for prior periods, primarily on adjudication of disputed matters, on filing of tax returns and on completion of assessments across various jurisdictions. For the half year, the net provisions are ₹187 crore.
The board declared an interim dividend of ₹26 per share, against ₹23 a year earlier, with a record date of 3 Nov 2026 and payout on 11 Nov 2026. Basic EPS of ₹19.32 rose 8.8% YoY, faster than net profit. On the share count after the 23 Oct 2026 allotment of 4,05,82,92,156 shares, the dividend would total about ₹1,055.16 crore; that is an estimate from the share count, not a figure in the filing.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
42,421
39,175
+8.3%
40,831
+3.9%
Revenue from operations
40,719
36,907
+10.3%
39,957
+1.9%
Other income
1,702
2,268
-25.0%
874
+94.7%
7,893
7,759
+1.7%
7,249
+8.9%
Profit before tax
10,905
10,469
+4.2%
10,161
+7.3%
Finance costs
58
52
+11.5%
61
-4.9%
Depreciation
662
595
+11.3%
613
+8.0%
Tax expense
3,012
2,710
+11.1%
2,912
+3.4%
Net profit margin
18.61%
19.81%
-1.20 pp
17.75%
+0.85 pp
EPS, basic (₹)
19.45
18.68
+4.1%
17.87
+8.8%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 8.3% YoY to ₹42,421 crore, with revenue from operations up 10.3% to ₹40,719 crore. Standalone net profit rose 1.7% to ₹7,893 crore, slower than profit before tax, which rose 4.2% to ₹10,905 crore. The net profit margin was 18.61%, against 19.81% a year earlier.
Other income was ₹1,702 crore, down 25.0% YoY from ₹2,268 crore and up 94.7% QoQ from ₹874 crore. It is 4.0% of total income and 15.6% of profit before tax. Tax expense rose 11.1% to ₹3,012 crore and is 27.6% of profit before tax.
Basic EPS was ₹19.45, up 4.1% YoY, faster than net profit, which rose 1.7%. No weighted average share count is given in the text, so the difference between the EPS and net profit growth rates is not reconciled.
Consolidated net profit of ₹7,838 crore is ₹55 crore below standalone net profit of ₹7,893 crore for the same quarter.
Inference
The allotment of 15,578 shares on RSU exercise takes the share count to 4,05,82,92,156 shares of ₹5 each, effective 23 Oct 2026. The 9,640 RSUs approved by the board would be granted from 1 Nov 2026 and vest equally over three years at a par-value exercise price; their effect on the share count is not stated.
On the balance sheet, goodwill is ₹14,864 crore, up from ₹12,117 crore at 31 Mar 2026, after ₹3,238 crore paid for acquisitions net of cash acquired in the half year. Claims against the group not acknowledged as debts total ₹3,225 crore. Nothing in the text says what the acquisitions add to revenue, why depreciation rose faster than revenue, or the outcome of the U.S. Department of Justice investigation, which the company says it cannot yet predict.
The company's FY 27 guidance is revenue growth of 1% to 2% in constant currency, revised, and operating margin of 20% to 22%, retained. No reason for the guidance revision is given.
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