Bengaluru: Infosys Ltd has reported a 2% decline in net profit for Q3 of FY26, despite the company’s revenues beating its own estimates of 2-3%. The decline in the net profit was due to the ₹1,289 crore the company had to pay for gratuity and leave liabilities as per India’s new labour laws.
Revenues for the quarter were at ₹45,479 crore, a 3.2% increase from ₹41,764 crore from the same period last year. Financial Services contributed the lion’s share of revenues at 28.2%, with Manufacturing, Energy, Utilities and Retail coming at 16.7%, 13.2%, and 12.1% respectively.
During the quarter, the company won large deals worth $4.8 billion, with almost 57% coming from new deals. The Bengaluru-based IT services firm did not disclose its AI-driven deals, even as it has reported winning large AI-led deals from Adobe and Siemens AG in 2025.
“Infosys delivered a strong Q3 performance demonstrating how our differentiated value propositions in enterprise AI, through Infosys Topaz, are consistently driving higher market share. Clients increasingly view Infosys as their AI partner with demonstrated expertise, innovation capabilities and strong delivery credentials. This has helped them unlock business potential and enhanced value realization”, Salil Parekh, CEO and MD, Infosys, said in a press release.
