Exhibit 99.6
Form of Release to Stock Exchanges
INDEPENDENT Auditor’s Report ON AUDIT OF QUARTERLY AND HALF YEARLY CONSOLIDATED FINANCIAL RESULTS
To The Board of Directors of INFOSYS Limited
Opinion
We have audited the accompanying statement of Consolidated Financial Results of INFOSYS LIMITED (the “Company”) and its subsidiaries (the Company and its subsidiaries together referred to as the “Group”) for the quarter and half year ended September 30, 2026 (the “Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
| (i) | includes the financial results of the subsidiaries as given in the Annexure to this report; |
| (ii) | is presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and |
| (iii) | gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act, 2013 (the “Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the quarter and half year ended September 30, 2026. |
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in Auditor’s Responsibilities for audit of the consolidated financial results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the consolidated financial results for the quarter and half year ended September 30, 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Statement
The Statement, which includes the Consolidated Financial Results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed consolidated financial statements for the three months and six months ended September 30, 2026. This responsibility includes the preparation and presentation of the Statement that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations.
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Statement by the Directors of the Company, as aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for audit of the Consolidated Financial Results for the quarter and half year ended September 30, 2026
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the quarter and half year ended September 30, 2026, as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| · | Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
| · | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls. |
| · | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors. |
| · | Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations. |
| · | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. |
| · | Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation. |
| · | Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations to the extent applicable. |
| · | Obtain sufficient appropriate audit evidence regarding the Financial Information of the entities within the Group to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Statement of which we are the independent auditors. |
Materiality is the magnitude of misstatements in the Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement.
We communicate with those charged with governance of the Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
|
For DELOITTE HASKINS & SELLS LLP | |
| Chartered Accountants | |
(Firm’s Registration No. 117366W/W-100018)
| |
| Vikas Bagaria | |
| Partner | |
| Place: Hyderabad | (Membership No.060408) |
| Date: October 23, 2026 | UDIN: 26060408LKUBNV1776 |
Annexure to Auditor’s Report
List of Entities:
| 1. | Infosys Technologies (China) Co. Limited |
| 2. | Infosys Technologies S. de R. L. de C. V. |
| 3. | Infosys Technologies (Sweden) AB |
| 4. | Infosys Technologies (Shanghai) Company Limited |
| 5. | Infosys Nova Holdings LLC. |
| 6. | EdgeVerve Systems Limited |
| 7. | Infosys Austria GmbH |
| 8. | Infosys Chile SpA |
| 9. | Infosys Arabia Limited (under liquidation) |
| 10. | Infosys Consulting Ltda. |
| 11. | Infosys Luxembourg S.a.r.l |
| 12. | Infosys Public Services, Inc. USA |
| 13. | Infosys BPM Limited |
| 14. | Infosys (Czech Republic) Limited s.r.o. |
| 15. | Infosys Poland Sp z.o.o |
| 16. | Infosys McCamish Systems LLC |
| 17. | Portland Group Pty Ltd |
| 18. | Infosys BPO Americas LLC |
| 19. | Infosys Consulting Holding AG |
| 20. | Infosys Management Consulting Pty Limited |
| 21. | Infosys Consulting AG |
| 22. | Infosys Consulting GmbH |
| 23. | Infosys Romania SRL |
| 24. | Infosys Consulting SAS |
| 25. | Infy Consulting Company Ltd. |
| 26. | Infy Consulting B.V. |
| 27. | Infosys Consulting S.R.L (Argentina) (formerly a majority owned and controlled subsidiary of Infosys Limited) became the majority owned and controlled subsidiary of Infosys Nova Holdings LLC with effect from January 28, 2026. |
| 28. | Infosys Consulting (Belgium) NV |
| 29. | Panaya Inc. |
| 30. | Infosys Financial Services GmbH |
| 31. | Panaya Ltd. |
| 32. | Brilliant Basics Holdings Limited (under liquidation) |
| 33. | Brilliant Basics Limited (under liquidation) |
| 34. | Infosys Singapore Pte. Ltd. |
| 35. | Infosys Middle East FZ LLC |
| 36. | Fluido Oy |
| 37. | Fluido Sweden AB |
| 38. | Fluido Norway A/S |
| 39. | Fluido Denmark A/S |
| 40. | Fluido Slovakia s.r.o |
| 41. | Infosys Compaz Pte. Ltd. |
| 42. | Infosys South Africa (Pty) Ltd. |
| 43. | HIPUS Co., Ltd. |
| 44. | Stater N.V. |
| 45. | Stater Nederland B.V. |
| 46. | Stater XXL B.V. |
| 47. | HypoCasso B.V. |
| 48. | Simplus ANZ Pty Ltd. |
| 49. | Simplus Australia Pty Ltd. |
| 50. | Simplus Philippines, Inc. |
| 51. | Infosys Fluido UK, Ltd. |
| 52. | Infosys Fluido Ireland, Ltd. |
| 53. | Infosys Limited Bulgaria EOOD |
| 54. | Infosys BPM UK Limited |
| 55. | GuideVision s.r.o |
| 56. | GuideVision Deutschland GmbH |
| 57. | GuideVision Suomi Oy |
| 58. | GuideVision Magyarorszag Kft |
| 59. | GuideVision Polska Sp. z.o.o |
| 60. | Infosys Business Solutions LLC |
| 61. | Infosys Germany GmbH (wholly-owned subsidiary of Infosys Singapore Pte Limited merged into Infosys Germany SE (formerly known as Blitz 24-893 SE) effective from September 24, 2025) |
| 62. | GuideVision UK Ltd, a wholly-owned subsidiary of GuideVision, s.r.o. has been liquidated effective September 01, 2026 |
| 63. | Infosys Turkey Bilgi Teknolojileri Limited Sirketi |
| 64. | Infosys Germany Holding Gmbh |
| 65. | Infosys Automotive and Mobility GmbH & Co. KG |
| 66. | Stater GmbH |
| 67. | Infosys Green Forum |
| 68. | Infosys (Malaysia) SDN. BHD. |
| 69. | WongDoody GmbH |
| 70. | WongDoody (Shanghai) Co. Limited |
| 71. | WongDoody Limited (Taipei) |
| 72. | Infosys Public Services Canada Inc. |
| 73. | BASE life science A/S |
| 74. | BASE life science AG |
| 75. | BASE life science GmbH |
| 76. | BASE life science Ltd. |
| 77. | BASE life science S.A.S |
| 78. | BASE life science S.r.l. |
| 79. | Innovisor Inc. |
| 80. | BASE life science Inc. |
| 81. | BASE life science S.L. |
| 82. | Panaya Germany GmbH |
| 83. | Infosys Norway |
| 84. | Idunn Information Technology Private Limited |
| 85. | InSemi Technology Services Pvt. Ltd. |
| 86. | Elbrus Labs Private Limited |
| 87. | Infosys Services (Thailand) Limited |
| 88. | Infy tech SAS |
| 89. | in-tech GmbH |
| 90. | in-tech Automotive Engineering SL |
| 91. | ProIT |
| 92. | in-tech Automotive Engineering de R.L. de C.V (liquidated effective May 07, 2025) |
| 93. | Drivetech Fahrversuch GmbH |
| 94. | Friedrich Wagner Holding Inc (under liquidation) |
| 95. | in-tech engineering s.r.o |
| 96. | in-tech engineering GmbH |
| 97. | in-tech engineering services S.R.L (merged into ProIT with effect from November 30, 2025) |
| 98. | in-tech Group Ltd. |
| 99. | in-tech Group India Private Limited |
| 100. | in-tech Automotive Engineering Shenyang Co. |
| 101. | in-tech Automotive Engineering Beijing Co., Ltd (“in-tech (Beijing) Information Technology Co.Ltd”), a wholly-owned subsidiary of In-tech Aut Engg Shenyang Co. Ltd, has been liquidated effective September 02, 2026 |
| 102. | Infosys Employees Welfare Trust |
| 103. | Infosys Employee Benefits Trust |
| 104. | Infosys Science Foundation |
| 105. | Infosys Expanded Stock Ownership Trust |
| 106. | Infosys Germany SE (formerly known as Blitz 24-893 SE) |
| 107. | Infosys Limited SPC |
| 108. | Infosys BPM Netherlands B.V. |
| 109. | Infosys Energy Consulting Services LLC, a wholly-owned subsidiary of Infosys Nova Holdings LLC was incorporated on April 16, 2025. |
| 110. | Infosys Saudi Arabia LLC, a wholly-owned subsidiary of Infosys Limited was incorporated on April 21, 2025. |
| 111. | Infosys Australia Technology Services Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited was incorporated on April 23, 2025. |
| 112. | MRE Consulting Ltd, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) with 98.21% partnership interest and Infosys Energy Consulting Services LLC (a wholly-owned subsidiary of Infosys Nova Holdings LLC) with 1.79% partnership interest on April 30, 2025. |
| 113. | MRE Technology Services LLC (a wholly-owned subsidiary of MRE Consulting Ltd), acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) with 98.21% partnership interest and Infosys Energy Consulting Services LLC (a wholly-owned subsidiary of Infosys Nova Holdings LLC) with 1.79% partnership interest on April 30, 2025. |
| 114. | The Missing Link Automation Pty Ltd, acquired by Infosys Australia Technology Services Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited (a wholly-owned subsidiary of Infosys Limited) on April 30, 2025. |
| 115. | The Missing Link Network Integration Pty Ltd, acquired by Infosys Australia Technology Services Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited (a wholly-owned subsidiary of Infosys Limited) on April 30, 2025. |
| 116. | The Missing Link Security Pty Ltd, acquired by Infosys Australia Technology Services Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited (a wholly-owned subsidiary of Infosys Limited) on April 30, 2025. |
| 117. | The Missing Link Security Ltd, (a wholly-owned subsidiary of The Missing Link Security Pty Ltd) acquired by Infosys Australia Technology Services Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte. Limited (a wholly-owned subsidiary of Infosys Limited) on April 30, 2025. |
| 118. | Infosys BPM Canada Inc, a wholly-owned subsidiary of Infosys BPM UK Limited was incorporated on July 28, 2025. |
| 119. | Infosys Enterprise Business Services Pty Ltd, a wholly-owned subsidiary of Infosys Singapore Pte Ltd was incorporated on March 19, 2026. |
| 120. | Stratus Canada Inc, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on April 21, 2026. |
| 121. | Stratus Global (India) Pvt Ltd, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on April 21, 2026. |
| 122. | Stratus Global LLC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on April 21, 2026. |
| 123. | Stratus Holdings International Inc., acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on April 21, 2026. |
| 124. | Stratus Technology Services LLC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on April 21, 2026. |
| 125. | New Heritage Capital Fund III-B, LP, (acquired by Infosys Nova Holdings LLC on April 21, 2026.) It was subsequently liquidated on April 22, 2026. |
| 126. | Optimum Achieve Holdings, Inc, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 127. | Optimum Healthcare IT, LLC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 128. | TSC Companies, LLC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 129. | Optimum CAN Holdings LLC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 130. | Optimum Tech Services LLC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 131. | Optimum HIT Canada ULC, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 132. | Optimum Healthcare IT Pty Ltd, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
| 133. | 3-102-936558 Sociedad De Responsabilidad Limitada, acquired by Infosys Nova Holdings LLC (a wholly-owned subsidiary of Infosys Limited) on May 4, 2026. |
INDEPENDENT Auditor’s Report ON THE AUDIT OF QUARTERLY AND HALF YEARLY STANDALONE FINANCIAL RESULTS
To The Board of Directors of INFOSYS Limited
Opinion
We have audited the accompanying statement of Standalone Financial Results of INFOSYS LIMITED (the “Company”) for the quarter and half year ended September 30, 2026 (the “Statement”) being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the statement:
| (i) | is presented in accordance with the requirements of Regulation 33 of the LODR Regulations; and |
| (ii) | gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under section 133 of the Companies Act, 2013 (the “Act”) read with relevant rules issued thereunder and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the quarter and half year ended September 30, 2026. |
Basis for Opinion
We conducted our audit of the Statement in accordance with the Standards on Auditing (“SA”s) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in Auditor’s Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the quarter and half year ended September 30, 2026 under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management’s and Board of Directors’ Responsibilities for the Statement
The Statement, which includes the Standalone Financial Results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance. The Statement has been compiled from the related audited interim condensed standalone financial statements for the three months and six months ended September 30, 2026. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and half year ended September 30, 2026 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statements that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability, to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the financial reporting process of the Company.
Auditor’s Responsibilities for audit of the Standalone Financial Results for the quarter and half year ended September 30, 2026
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
| • | Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. |
| • | Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of such controls. |
| • | Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors. |
| • | Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations. |
| • | Conclude on the appropriateness of the Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Company to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. |
| • | Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation. |
| • | Obtain sufficient appropriate audit evidence regarding the Statement to express an opinion on the Statement. |
Materiality is the magnitude of misstatements in the Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
|
For DELOITTE HASKINS & SELLS LLP | |
| Chartered Accountants | |
(Firm’s Registration No. 117366W/W-100018)
| |
| Vikas Bagaria | |
| Partner | |
| Place: Hyderabad | (Membership No.060408) |
| Date: October 23, 2026 | UDIN: 26060408TGDFIS6791 |
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Infosys Limited Regd. office: Electronics City, Hosur Road, Bengaluru – 560 100, India |
CIN : L85110KA1981PLC013115 Website: www.infosys.com email: investors@infosys.com T: 91 80 2852 0261, F: 91 80 2852 0362 |
Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS)
(in
crore, except per equity share data)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-year ended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
| Audited | Audited | Audited | Audited | Audited | Audited | |
| Revenue from operations | 49,244 | 48,211 | 44,490 | 97,454 | 86,769 | 178,650 |
| Other income, net | 848 | 984 | 982 | 1,832 | 2,024 | 4,322 |
| Total Income | 50,092 | 49,195 | 45,472 | 99,286 | 88,793 | 182,972 |
| Expenses | ||||||
| Employee benefit expenses | 25,483 | 25,287 | 23,438 | 50,770 | 46,284 | 95,094 |
| Cost of technical sub-contractors | 4,393 | 4,181 | 3,879 | 8,574 | 7,376 | 15,421 |
| Travel expenses | 691 | 701 | 539 | 1,392 | 1,055 | 2,097 |
| Cost of software packages and others | 4,573 | 4,421 | 4,025 | 8,993 | 7,771 | 15,722 |
| Communication expenses | 151 | 150 | 160 | 301 | 303 | 603 |
| Consultancy and professional charges | 677 | 603 | 480 | 1,280 | 943 | 2,090 |
| Depreciation and amortisation expenses | 1,359 | 1,246 | 1,182 | 2,605 | 2,323 | 4,902 |
| Finance cost | 115 | 119 | 106 | 235 | 211 | 416 |
| Other expenses | 1,587 | 1,459 | 1,434 | 3,045 | 2,557 | 5,343 |
| Total expenses | 39,029 | 38,167 | 35,243 | 77,195 | 68,823 | 141,688 |
| Profit before exceptional item and tax | 11,063 | 11,028 | 10,229 | 22,091 | 19,970 | 41,284 |
| Exceptional item | ||||||
| Impact of Labour Codes | – | – | – | – | – | 1,289 |
| Profit before tax | 11,063 | 11,028 | 10,229 | 22,091 | 19,970 | 39,995 |
| Tax expense: | ||||||
| Current tax | 3,398 | 3,356 | 3,178 | 6,754 | 6,232 | 11,767 |
| Deferred tax | (173) | (103) | (324) | (276) | (562) | (1,246) |
| Profit for the period | 7,838 | 7,775 | 7,375 | 15,613 | 14,300 | 29,474 |
| Other comprehensive income | ||||||
| Items that will not be reclassified subsequently to profit or loss | ||||||
| Remeasurement of the net defined benefit liability/asset, net | (177) | 296 | (38) | 119 | (108) | (288) |
| Equity instruments through other comprehensive income, net | (9) | 60 | (8) | 51 | 27 | 397 |
| Items that will be reclassified subsequently to profit or loss | ||||||
| Fair value changes on derivatives designated as cash flow hedge, net | (13) | 49 | – | 36 | 6 | (1) |
| Exchange differences on translation of foreign operations | 212 | (94) | 862 | 118 | 1,881 | 3,256 |
| Fair value changes on investments, net | (97) | 60 | (34) | (37) | 89 | (27) |
| Total other comprehensive income/(loss), net of tax | (84) | 371 | 782 | 287 | 1,895 | 3,337 |
| Total comprehensive income for the period | 7,754 | 8,146 | 8,157 | 15,900 | 16,195 | 32,811 |
| Profit attributable to: | ||||||
| Owners of the company | 7,823 | 7,769 | 7,364 | 15,592 | 14,285 | 29,440 |
| Non-controlling interests | 15 | 6 | 11 | 21 | 15 | 34 |
| 7,838 | 7,775 | 7,375 | 15,613 | 14,300 | 29,474 | |
| Total comprehensive income attributable to: | ||||||
| Owners of the company | 7,733 | 8,142 | 8,140 | 15,875 | 16,165 | 32,750 |
| Non-controlling interests | 21 | 4 | 17 | 25 | 30 | 61 |
| 7,754 | 8,146 | 8,157 | 15,900 | 16,195 | 32,811 | |
Paid up share capital (par value 5/- each, fully paid) |
2,026 | 2,025 | 2,074 | 2,026 | 2,074 | 2,024 |
| Other equity *# | 90,828 | 90,828 | 93,745 | 90,828 | 93,745 | 90,828 |
Earnings per equity share (par value 5/- each)** |
||||||
Basic (in per share) |
19.32 | 19.19 | 17.76 | 38.51 | 34.47 | 71.58 |
Diluted (in per share) |
19.30 | 19.17 | 17.74 | 38.46 | 34.41 | 71.46 |
| * | Balances for the quarter and half year ended September 30, 2026 and quarter ended June 30, 2026 represent balances as per the audited Balance Sheet as at March 31, 2026 and balances for the quarter and half year ended September 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 |
| ** | EPS is not annualized for the quarter and half year ended September 30, 2026, quarter ended June 30, 2026 and quarter and half year ended September 30, 2025. |
| # | Excludes non-controlling interest |
1. Notes
a) The audited interim condensed consolidated financial statements for the quarter and half year ended September 30, 2026 have been taken on record by the Board of Directors at its meeting held on October 23, 2026. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted from the audited interim condensed consolidated financial statements. Those interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
b) Update on employee stock grants
The Board, on October 23, 2026, based on the recommendations of the Nomination and Remuneration Committee approved the grant of 9,640 Restricted Stock Units (RSUs) under the 2015 Incentive Compensation Plan ('2015 Plan') to eligible employees. The grants made under the 2015 Plan would vest equally over a period of three years. The RSUs will be granted w.e.f November 1, 2026 and the exercise price will be equal to the par value of the share.
2. Information on dividends for the quarter and half year ended September 30, 2026
The Board of Directors declared an
interim dividend of
26/- per equity share. The record date for the payment is November 3, 2026.
The interim dividend will be paid on November 11, 2026. The interim dividend declared in the previous year was
23/-
per equity share.
(in
)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-year ended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
Dividend per share (par value 5/- each) |
||||||
| Interim dividend | 26.00 | – | 23.00 | 26.00 | 23.00 | 23.00 |
| Final dividend | – | – | – | – | – | 25.00 |
3. Audited Consolidated Balance Sheet
(in
crore)
| Particulars | As at | |
| September 30, 2026 | March 31, 2026 | |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 13,071 | 12,651 |
| Right of use assets | 6,176 | 6,177 |
| Capital work-in-progress | 423 | 526 |
| Goodwill | 14,864 | 12,117 |
| Other Intangible assets | 4,425 | 2,825 |
| Financial assets | ||
| Investments | 8,390 | 8,930 |
| Loans | 3 | 6 |
| Other financial assets | 2,621 | 2,776 |
| Deferred tax assets (net) | 2,307 | 2,264 |
| Income tax assets (net) | 1,775 | 666 |
| Other non-current assets | 3,674 | 3,540 |
| Total non-current assets | 57,729 | 52,478 |
| Current assets | ||
| Financial assets | ||
| Investments | 13,761 | 12,950 |
| Trade receivables | 34,821 | 35,234 |
| Cash and cash equivalents | 24,350 | 22,201 |
| Loans | 239 | 234 |
| Other financial assets | 17,859 | 15,890 |
| Income tax assets (net) | 38 | 1,835 |
| Other current assets | 14,683 | 15,145 |
| Total current assets | 105,751 | 103,489 |
| Total Assets | 163,480 | 155,967 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 2,026 | 2,024 |
| Other equity | 97,051 | 90,828 |
| Total equity attributable to equity holders of the Company | 99,077 | 92,852 |
| Non-controlling interests | 466 | 445 |
| Total equity | 99,543 | 93,297 |
| Liabilities | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 4,942 | 6,016 |
| Other financial liabilities | 2,797 | 2,092 |
| Deferred tax liabilities (net) | 1,885 | 1,679 |
| Other non-current liabilities | 732 | 561 |
| Total non-current liabilities | 10,356 | 10,348 |
| Current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 3,583 | 3,160 |
| Trade payables | 4,498 | 4,744 |
| Other financial liabilities | 21,162 | 21,483 |
| Other current liabilities | 15,822 | 15,779 |
| Provisions | 1,963 | 1,512 |
| Income tax liabilities (net) | 6,553 | 5,644 |
| Total current liabilities | 53,581 | 52,322 |
| Total equity and liabilities | 163,480 | 155,967 |
The disclosure is an extract of the audited Consolidated Balance Sheet as at September 30, 2026 and March 31, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS).
4. Audited Consolidated Statement of Cash Flows
(in
crore)
| Particulars | Half-year ended September 30, | |
| 2026 | 2025 | |
| Cash flow from operating activities | ||
| Profit for the period | 15,613 | 14,300 |
| Adjustments to reconcile net profit to net cash provided by operating activities: | ||
| Income tax expense | 6,478 | 5,670 |
| Depreciation and amortization | 2,605 | 2,323 |
| Interest and dividend income | (1,277) | (1,554) |
| Finance cost | 235 | 211 |
| Impairment loss recognized / (reversed) under expected credit loss model | 61 | 34 |
| Exchange differences on translation of assets and liabilities, net | 18 | 573 |
| Stock compensation expense | 460 | 471 |
| Provision for post sale client support | (47) | (97) |
| Other adjustments | 960 | 658 |
| Changes in assets and liabilities | ||
| Trade receivables and unbilled revenue | (325) | (4,395) |
| Loans, other financial assets and other assets | 340 | (175) |
| Trade payables | (359) | (451) |
| Other financial liabilities, other liabilities and provisions | (688) | 2,939 |
| Cash generated from operations | 24,074 | 20,507 |
| Income taxes (paid) / received | (5,116) | (2,996) |
| Net cash generated by operating activities | 18,958 | 17,511 |
| Cash flows from investing activities | ||
| Expenditure on property, plant and equipment and intangibles, net of sale proceeds | (1,585) | (1,352) |
| Deposits placed with corporation | (775) | (683) |
| Redemption of deposits placed with corporation | 515 | 392 |
| Interest and dividend received | 883 | 1,613 |
| Payment towards acquisition of business, net of cash acquired | (3,238) | (637) |
| Payment of contingent consideration pertaining to acquisition of business | (27) | (13) |
| Other receipts | 1 | 14 |
| Payments to acquire Investments | ||
| Tax free bonds and government bonds | (345) | (21) |
| Mutual fund units | (39,313) | (36,091) |
| Certificates of deposit | (4,827) | (7,149) |
| Commercial Papers | (2,817) | (2,686) |
| Non-convertible debentures | (1,332) | (2,639) |
| Government securities | (717) | (531) |
| Other Investments | (201) | (22) |
| Proceeds on sale of Investments | ||
| Tax free bonds and government bonds | 283 | 1,284 |
| Mutual fund units | 36,788 | 32,967 |
| Certificates of deposit | 8,850 | 5,857 |
| Commercial Papers | 2,575 | 4,675 |
| Non-convertible debentures | 233 | 1,625 |
| Government securities | 1,022 | 3,265 |
| Other Investments | 10 | – |
| Net cash generated / (used in) from investing activities | (4,017) | (132) |
| Cash flows from financing activities: | ||
| Payment of lease liabilities | (1,819) | (1,382) |
| Payment of dividends | (10,126) | (9,122) |
| Loan repayment of acquired entities | (812) | – |
| Payment of dividend to non-controlling interest of subsidiary | (4) | (3) |
| Shares issued on exercise of employee stock options | 2 | 1 |
| Other payments | (57) | (181) |
| Net cash used in financing activities | (12,816) | (10,687) |
| Net increase / (decrease) in cash and cash equivalents | 2,125 | 6,692 |
| Effect of exchange rate changes on cash and cash equivalents | 24 | 685 |
| Cash and cash equivalents at the beginning of the period | 22,201 | 24,455 |
| Cash and cash equivalents at the end of the period | 24,350 | 31,832 |
| Supplementary information: | ||
| Restricted cash balance | 443 | 410 |
The disclosure is an extract of the audited Consolidated Statement of Cash flows for the half year ended September 30, 2026 and September 30, 2025 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting.
5. Segment reporting (Consolidated - Audited)
(in
crore)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-year ended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
| Revenue by business segment | ||||||
| Financial Services (1) | 13,774 | 13,463 | 12,320 | 27,237 | 24,116 | 49,908 |
| Manufacturing | 7,913 | 7,668 | 7,347 | 15,581 | 14,151 | 29,078 |
| Energy, Utilities, Resources and Services | 6,975 | 6,452 | 5,945 | 13,428 | 11,687 | 23,818 |
| Retail (2) | 5,664 | 6,172 | 5,639 | 11,835 | 11,290 | 23,077 |
| Communication (3) | 6,150 | 5,791 | 5,397 | 11,941 | 10,494 | 21,765 |
| Life Sciences (4) | 4,145 | 3,842 | 2,863 | 7,986 | 5,607 | 12,267 |
| Hi-Tech | 3,332 | 3,710 | 3,703 | 7,042 | 6,999 | 13,928 |
| All other segments (5) | 1,291 | 1,113 | 1,276 | 2,404 | 2,425 | 4,809 |
| Total | 49,244 | 48,211 | 44,490 | 97,454 | 86,769 | 178,650 |
| Less: Inter-segment revenue | – | – | – | – | – | – |
| Net revenue from operations | 49,244 | 48,211 | 44,490 | 97,454 | 86,769 | 178,650 |
| Segment Profit: | ||||||
| Financial Services (1) | 3,644 | 3,662 | 3,059 | 7,305 | 6,032 | 12,678 |
| Manufacturing | 1,694 | 1,685 | 1,752 | 3,380 | 3,169 | 6,444 |
| Energy, Utilities, Resources and Services | 1,986 | 1,576 | 1,506 | 3,562 | 2,943 | 5,984 |
| Retail (2) | 1,707 | 1,701 | 1,720 | 3,408 | 3,411 | 7,089 |
| Communication (3) | 1,146 | 1,180 | 1,017 | 2,326 | 1,897 | 3,861 |
| Life Sciences (4) | 631 | 619 | 534 | 1,250 | 1,087 | 2,444 |
| Hi-Tech | 795 | 911 | 763 | 1,706 | 1,532 | 3,228 |
| All other segments (5) | 86 | 75 | 184 | 162 | 409 | 717 |
| Total | 11,689 | 11,409 | 10,535 | 23,099 | 20,480 | 42,445 |
| Less: Other Unallocable expenditure* | 1,359 | 1,246 | 1,182 | 2,605 | 2,323 | 6,191 |
| Add: Unallocable other income | 848 | 984 | 982 | 1,832 | 2,024 | 4,157 |
| Less: Finance cost | 115 | 119 | 106 | 235 | 211 | 416 |
| Profit before tax and non-controlling interests | 11,063 | 11,028 | 10,229 | 22,091 | 19,970 | 39,995 |
| (1) | Financial Services include enterprises in Financial Services and Insurance |
| (2) | Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics |
| (3) | Communication includes enterprises in Communication, Telecom OEM and Media |
| (4) | Life Sciences includes enterprises in Life sciences and Health care |
| (5) | All other segments include operating segments of businesses in India, Japan, China, Infosys Public Services & identified enterprises in Public Services. |
| * | Unallocable expense includes 1,289 crore towards impact
of Labour Codes for the year ended March 31, 2026. |
Notes on segment information
Business segments
Based on the "management approach" as required by Ind-AS 108 - Operating Segments, the Chief Operating Decision Maker evaluates the Group's performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments. The accounting principles used in the preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments.
Segmental capital employed
Assets and liabilities used in the Group's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that it is currently not practicable to provide segment disclosures relating to total assets and liabilities since a meaningful segregation of the available data is onerous.
6. Audited financial results of Infosys Limited (Standalone Information)
(in
crore)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-year ended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
| Audited | Audited | Audited | Audited | Audited | Audited | |
| Revenue from operations | 40,719 | 39,957 | 36,907 | 80,676 | 72,182 | 148,819 |
| Profit before exceptional item and tax | 10,905 | 10,161 | 10,469 | 21,067 | 19,130 | 39,903 |
| Exceptional item - Impact of Labour Codes | – | – | – | – | – | 1,146 |
| Profit before tax | 10,905 | 10,161 | 10,469 | 21,067 | 19,130 | 38,757 |
| Profit for the period | 7,893 | 7,249 | 7,759 | 15,142 | 13,874 | 29,211 |
The audited results of Infosys Limited for the above mentioned periods are available on our website, www.infosys.com and on the stock exchange website www.nseindia.com and www.bseindia.com. The information above has been extracted from the audited interim standalone financial statements as stated.
| By order of the Board for Infosys Limited | |
| Bengaluru, India | Salil Parekh |
| October 23, 2026 | Chief Executive Officer and Managing Director |
The Board has also taken on record the consolidated results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2026, prepared as per International Financial Reporting Standards (IFRS) and reported in US dollars. A summary of the financial statements is as follows:
(in US$ million, except per equity share data)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-yearended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
| Audited | Audited | Audited | Audited | Audited | Audited | |
| Revenues | 5,145 | 5,082 | 5,076 | 10,227 | 10,018 | 20,158 |
| Cost of sales | 3,547 | 3,482 | 3,516 | 7,028 | 6,933 | 14,079 |
| Gross profit | 1,598 | 1,600 | 1,560 | 3,199 | 3,085 | 6,079 |
| Operating expenses | 519 | 528 | 495 | 1,048 | 992 | 1,994 |
| Operating profit # | 1,079 | 1,072 | 1,065 | 2,151 | 2,093 | 4,085 |
| Other income, net | 89 | 104 | 112 | 193 | 234 | 468 |
| Finance cost | 12 | 13 | 12 | 25 | 24 | 47 |
| Profit before income taxes | 1,156 | 1,163 | 1,165 | 2,319 | 2,303 | 4,506 |
| Income tax expense | 337 | 343 | 325 | 680 | 654 | 1,190 |
| Net profit | 819 | 820 | 840 | 1,639 | 1,649 | 3,316 |
| Earnings per equity share* | ||||||
| Basic (in $ per share) | 0.20 | 0.20 | 0.20 | 0.40 | 0.40 | 0.81 |
| Diluted (in $ per share) | 0.20 | 0.20 | 0.20 | 0.40 | 0.40 | 0.80 |
| Total assets | 17,060 | 16,359 | 18,064 | 17,060 | 18,064 | 16,446 |
| Cash and cash equivalents and current investments | 3,977 | 3,124 | 5,005 | 3,977 | 5,005 | 3,706 |
| * | EPS is not annualized for the quarter and half year ended September 30, 2026, quarter ended June 30, 2026 and quarter and half year ended September 30, 2025. |
| # | includes $143 million towards impact of Labour Codes for the year ended March 31, 2026. |
Certain statements in this release, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations, are “forward looking statements” intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance (“ESG”) vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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Infosys Limited Regd. office: Electronics City, Hosur Road, Bengaluru – 560 100, India |
CIN : L85110KA1981PLC013115 Website: www.infosys.com email: investors@infosys.com T: 91 80 2852 0261, F: 91 80 2852 0362 |
Statement of Audited results of Infosys Limited for the quarter and half-year ended September 30, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS)
(in
crore, except per equity share data)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-year ended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
| Audited | Audited | Audited | Audited | Audited | Audited | |
| Revenue from operations | 40,719 | 39,957 | 36,907 | 80,676 | 72,182 | 148,819 |
| Other income, net | 1,702 | 874 | 2,268 | 2,576 | 3,151 | 6,491 |
| Total income | 42,421 | 40,831 | 39,175 | 83,252 | 75,333 | 155,310 |
| Expenses | ||||||
| Employee benefit expenses | 19,100 | 18,820 | 18,074 | 37,919 | 35,746 | 73,239 |
| Cost of technical sub-contractors | 6,272 | 6,035 | 5,613 | 12,307 | 10,821 | 22,388 |
| Travel expenses | 471 | 498 | 422 | 969 | 814 | 1,596 |
| Cost of software packages and others | 2,994 | 2,922 | 2,294 | 5,916 | 4,511 | 9,274 |
| Communication expenses | 106 | 101 | 113 | 207 | 212 | 419 |
| Consultancy and professional charges | 556 | 492 | 449 | 1,048 | 841 | 1,846 |
| Depreciation and amortisation expense | 662 | 613 | 595 | 1,275 | 1,209 | 2,394 |
| Finance cost | 58 | 61 | 52 | 119 | 108 | 207 |
| Other expenses | 1,297 | 1,128 | 1,094 | 2,425 | 1,941 | 4,044 |
| Total expenses | 31,516 | 30,670 | 28,706 | 62,185 | 56,203 | 115,407 |
| Profit before exceptional item and tax | 10,905 | 10,161 | 10,469 | 21,067 | 19,130 | 39,903 |
| Exceptional item | ||||||
| Impact of Labour Codes | - | - | - | - | - | 1,146 |
| Profit before tax | 10,905 | 10,161 | 10,469 | 21,067 | 19,130 | 38,757 |
| Tax expense: | ||||||
| Current tax | 3,156 | 3,041 | 2,991 | 6,197 | 5,752 | 10,459 |
| Deferred tax | (144) | (129) | (281) | (272) | (496) | (913) |
| Profit for the period | 7,893 | 7,249 | 7,759 | 15,142 | 13,874 | 29,211 |
| Other comprehensive income | ||||||
| Items that will not be reclassified subsequently to profit or loss | ||||||
| Remeasurement of the net defined benefit liability / asset, net | (184) | 275 | (38) | 91 | (99) | (285) |
| Equity instruments through other comprehensive income, net | (7) | 60 | (8) | 53 | 27 | 397 |
| Items that will be reclassified subsequently to profit or loss | ||||||
| Fair value changes on derivatives designated as cash flow hedges, net | (13) | 49 | – | 36 | 6 | (1) |
| Fair value changes on investments, net | (97) | 59 | (34) | (38) | 88 | (26) |
| Total other comprehensive income/ (loss), net of tax | (301) | 443 | (80) | 142 | 22 | 85 |
| Total comprehensive income for the period | 7,592 | 7,692 | 7,679 | 15,284 | 13,896 | 29,296 |
Paid-up share capital (par value 5/- each fully paid) |
2,029 | 2,028 | 2,077 | 2,029 | 2,077 | 2,027 |
| Other Equity* | 78,847 | 78,847 | 85,256 | 78,847 | 85,256 | 78,847 |
Earnings per equity share (par value 5 /- each)** |
||||||
Basic (in per share) |
19.45 | 17.87 | 18.68 | 37.32 | 33.40 | 70.87 |
Diluted (in per share) |
19.44 | 17.86 | 18.66 | 37.29 | 33.36 | 70.78 |
| * | Balances for the quarter and half year ended September 30, 2026 and quarter ended June 30, 2026 represent balances as per the audited Balance Sheet as at March 31, 2026 and balances for the quarter and half year ended September 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 |
| ** | EPS is not annualized for the quarter and half year ended September 30, 2026, quarter ended June 30, 2026 and quarter and half year ended September 30, 2025. |
1. Notes
a) The audited interim condensed standalone financial statements for the quarter and half year ended September 30, 2026 have been taken on record by the Board of Directors at its meeting held on October 23, 2026. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted from the audited interim condensed standalone financial statements. Those interim condensed standalone financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
b) Update on employee stock grants
The Board, on October 23, 2026, based on the recommendations of the Nomination and Remuneration Committee approved the grant of 9,640 Restricted Stock Units (RSUs) under the 2015 Incentive Compensation Plan ('2015 Plan') to eligible employees. The grants made under the 2015 Plan would vest equally over a period of three years. The RSUs will be granted w.e.f November 1, 2026 and the exercise price will be equal to the par value of the share.
2. Information on dividends for the quarter and half year ended September 30, 2026
The Board of Directors declared an
interim dividend of
26/- per equity share. The record date for the payment is November 3, 2026.
The interim dividend will be paid on November 11, 2026. The interim dividend declared in the previous year was
23/-
per equity share.
(in
)
| Particulars | Quarter ended September 30, |
Quarter ended June 30, |
Quarter ended September 30, |
Half-year ended September 30, | Year ended March 31, | |
| 2026 | 2026 | 2025 | 2026 | 2025 | 2026 | |
Dividend per share (par value 5/- each) |
||||||
| Interim dividend | 26.00 | – | 23.00 | 26.00 | 23.00 | 23.00 |
| Final dividend | – | – | – | – | – | 25.00 |
3. Audited Standalone Balance Sheet
(In
crore)
| Particulars | As at | |
| September 30, 2026 | March 31, 2026 | |
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 11,052 | 10,774 |
| Right of use assets | 2,863 | 2,851 |
| Capital work-in-progress | 403 | 512 |
| Goodwill | 211 | 211 |
| Financial assets | ||
| Investments | 25,378 | 26,036 |
| Loans | 2 | 5 |
| Other financial assets | 2,197 | 1,835 |
| Deferred tax assets (net) | 1,458 | 1,347 |
| Income tax assets (net) | 1,146 | 99 |
| Other non-current assets | 2,695 | 2,590 |
| Total non-current assets | 47,405 | 46,260 |
| Current assets | ||
| Financial assets | ||
| Investments | 12,819 | 12,039 |
| Trade receivables | 29,417 | 30,337 |
| Cash and cash equivalents | 14,930 | 8,727 |
| Loans | 179 | 189 |
| Other financial assets | 16,799 | 14,770 |
| Income tax assets (net) | – | 1,745 |
| Other current assets | 11,984 | 12,624 |
| Total current assets | 86,128 | 80,431 |
| Total assets | 133,533 | 126,691 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 2,029 | 2,027 |
| Other equity | 84,459 | 78,847 |
| Total equity | 86,488 | 80,874 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 2,632 | 2,815 |
| Other financial liabilities | 2,244 | 1,880 |
| Deferred tax liabilities (net) | 814 | 990 |
| Other non-current liabilities | 617 | 495 |
| Total non - current liabilities | 6,307 | 6,180 |
| Current liabilities | ||
| Financial liabilities | ||
| Lease liabilities | 998 | 934 |
| Trade payables | ||
| Total outstanding dues of micro enterprises and small enterprises | 2 | 9 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | 3,516 | 3,530 |
| Other financial liabilities | 16,530 | 16,812 |
| Other current liabilities | 12,451 | 12,478 |
| Provisions | 1,340 | 1,064 |
| Income tax liabilities (net) | 5,901 | 4,810 |
| Total current liabilities | 40,738 | 39,637 |
| Total equity and liabilities | 133,533 | 126,691 |
The disclosure is an extract of the audited Balance Sheet as at September 30, 2026 and March 31, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS).
4. Audited Standalone Statement of Cash flows
(In
crore)
| Particulars | Half-year ended September 30, | |
| 2026 | 2025 | |
| Cash flow from operating activities: | ||
| Profit for the period | 15,142 | 13,874 |
| Adjustments to reconcile net profit to net cash provided by operating activities: | ||
| Depreciation and Amortization | 1,275 | 1,209 |
| Income tax expense | 5,925 | 5,256 |
| Impairment loss recognized / (reversed) under expected credit loss model | 58 | 64 |
| Finance cost | 119 | 108 |
| Interest and dividend income | (2,033) | (2,702) |
| Stock compensation expense | 409 | 419 |
| Provision for post sale client support | (12) | (103) |
| Exchange differences on translation of assets and liabilities, net | 23 | 324 |
| Other adjustments | 695 | 370 |
| Changes in assets and liabilities | ||
| Trade receivables and unbilled revenue | (716) | (4,047) |
| Loans, other financial assets and other assets | (274) | (438) |
| Trade payables | (21) | 84 |
| Other financial liabilities, other liabilities and provisions | 378 | 2,191 |
| Cash generated from operations | 20,968 | 16,609 |
| Income taxes (paid) / received | (4,406) | (2,145) |
| Net cash generated by operating activities | 16,562 | 14,464 |
| Cash flow from investing activities: | ||
| Expenditure on property, plant and equipment , net of sale proceeds | (1,188) | (1,108) |
| Deposits placed with corporation | (563) | (515) |
| Redemption of deposits placed with corporation | 329 | 313 |
| Interest and dividend received | 703 | 1,324 |
| Dividend received from subsidiary | 957 | 1,398 |
| Loan repaid by subsidiaries | – | 10 |
| Payment of contingent consideration pertaining to acquisition of business | (22) | (13) |
| Investment in subsidiaries | (120) | (785) |
| Payments to acquire investments | ||
| Mutual fund units | (35,286) | (32,639) |
| Commercial papers | (2,768) | (2,331) |
| Certificates of deposit | (4,706) | (6,457) |
| Tax free bonds and government bonds | (251) | – |
| Government Securities | (717) | (531) |
| Non-convertible debentures | (1,263) | (2,360) |
| Other investments | (71) | (1) |
| Proceeds on sale of investments | ||
| Mutual fund units | 33,178 | 29,792 |
| Commercial papers | 2,550 | 4,300 |
| Certificates of deposit | 8,425 | 5,207 |
| Non-convertible debentures | 100 | 1,360 |
| Government Securities | 922 | 3,165 |
| Tax free bonds and government bonds | 224 | 1,269 |
| Other investments | 7 | – |
| Net cash (used in) / generated from investing activities | 440 | 1,398 |
| Cash flow from financing activities: | ||
| Payment of lease liabilities | (634) | (445) |
| Shares issued on exercise of employee stock options | 2 | 1 |
| Other payments | (42) | (93) |
| Payment of dividends | (10,146) | (9,142) |
| Net cash used in financing activities | (10,820) | (9,679) |
| Net increase / (decrease) in cash and cash equivalents | 6,182 | 6,183 |
| Effect of exchange rate changes on cash and cash equivalents | 21 | (39) |
| Cash and cash equivalents at the beginning of the period | 8,727 | 14,265 |
| Cash and cash equivalents at the end of the period | 14,930 | 20,409 |
| Supplementary information: | ||
| Restricted cash balance | 65 | 56 |
The disclosure is an extract of the audited Statement of Cash flows for the half year ended September 30, 2026 and September 30, 2025 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting.
5. Segment Reporting
The Company publishes standalone financial statements along with the consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the audited interim consolidated financial statements. Accordingly, the segment information is given in the audited consolidated financial results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2026.
| By order of the Board for Infosys Limited | |
| Bengaluru, India | Salil Parekh |
| October 23, 2026 | Chief Executive Officer and Managing Director |
Certain statements in this release, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations, are “forward looking statements” intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance (“ESG”) vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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Infosys Limited Regd. office: Electronics City, Hosur Road, Bengaluru – 560 100, India |
CIN : L85110KA1981PLC013115 Website: www.infosys.com email: investors@infosys.com T: 91 80 2852 0261, F: 91 80 2852 0362 |
Extract of Consolidated Audited Financial Results of Infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2026 prepared in compliance with the Indian Accounting Standards (Ind-AS)
(in
crore, except per equity share data)
| Particulars | Quarter ended September 30, |
Half-year ended September 30, |
Quarter ended September 30, |
| 2026 | 2026 | 2025 | |
| Audited | Audited | Audited | |
| Revenue from operations | 49,244 | 97,454 | 44,490 |
| Profit before tax | 11,063 | 22,091 | 10,229 |
| Profit for the period | 7,838 | 15,613 | 7,375 |
| Total comprehensive income for the period (comprising profit for the period after tax and other comprehensive income after tax) | 7,754 | 15,900 | 8,157 |
| Profit attributable to: | |||
| Owners of the company | 7,823 | 15,592 | 7,364 |
| Non-controlling interests | 15 | 21 | 11 |
| 7,838 | 15,613 | 7,375 | |
| Total comprehensive income attributable to: | |||
| Owners of the company | 7,733 | 15,875 | 8,140 |
| Non-controlling interests | 21 | 25 | 17 |
| 7,754 | 15,900 | 8,157 | |
Paid-up share capital (par value 5/- each fully paid) |
2,026 | 2,026 | 2,074 |
| Other equity *# | 90,828 | 90,828 | 93,745 |
Earnings per share (par value 5/- each)** |
|||
Basic (in per share) |
19.32 | 38.51 | 17.76 |
Diluted (in per share) |
19.30 | 38.46 | 17.74 |
| * | Balances for the quarter and half year ended September 30, 2026 represent balances as per the audited Balance Sheet as at March 31, 2026 and balances for the quarter ended September 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015 |
| ** | EPS is not annualized for the quarter and half year ended September 30, 2026 and quarter ended September 30, 2025. |
| # | Excludes non-controlling interest |
1. Notes
a) The audited interim condensed consolidated financial statements for the quarter and half year ended September 30, 2026 have been taken on record by the Board of Directors at its meeting held on October 23, 2026. The statutory auditors, Deloitte Haskins & Sells LLP have expressed an unmodified audit opinion. The information presented above is extracted from the audited interim condensed consolidated financial statements. Those interim condensed consolidated financial statements are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter.
b) Update on employee stock grants
The Board, on October 23, 2026, based on the recommendations of the Nomination and Remuneration Committee approved the grant of 9,640 Restricted Stock Units (RSUs) under the 2015 Incentive Compensation Plan ('2015 Plan') to eligible employees. The grants made under the 2015 Plan would vest equally over a period of three years. The RSUs will be granted w.e.f November 1, 2026 and the exercise price will be equal to the par value of the share.
2. Information on dividends for the quarter and half year ended September 30, 2026
The Board of Directors declared an interim
dividend of
26/- per equity share. The record date for the payment is November 3, 2026. The
interim dividend will be paid on November 11, 2026. The interim dividend declared in the previous year was
23/-
per equity share.
(in
)
| Particulars | Quarter ended September 30, |
Half-year ended September 30, |
Quarter ended September 30, |
| 2026 | 2026 | 2025 | |
Dividend per share (par value 5/- each) |
|||
| Interim dividend | 26.00 | 26.00 | 23.00 |
3. Audited financial results of Infosys Limited (Standalone information)
(in
crore)
| Particulars | Quarter ended September 30, |
Half-year ended September 30, |
Quarter ended September 30, |
| 2026 | 2026 | 2025 | |
| Audited | Audited | Audited | |
| Revenue from operations | 40,719 | 80,676 | 36,907 |
| Profit before tax | 10,905 | 21,067 | 10,469 |
| Profit for the period | 7,893 | 15,142 | 7,759 |
The above is an extract of the detailed format of Quarterly audited financial results filed with Stock Exchanges under Regulation 33 of the SEBI (Listing and Other Disclosure Requirements) Regulations, 2015. The full format of the Quarterly Audited Financial Results are available on the Stock Exchange websites, www.nseindia.com and www.bseindia.com, and on the Company's website, www.infosys.com.

| By order of the Board for Infosys Limited | |
| Bengaluru, India | Salil Parekh |
| October 23, 2026 | Chief Executive Officer and Managing Director |
Certain statements in this release, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations, are “forward looking statements” intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance (“ESG”) vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.