Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹5,27,551Cr
Rev Gr TTM
Revenue Growth TTM
8.24%
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 16.0 | 10.1 | 6.7 | 1.3 | 1.3 | 3.6 | 5.1 | 7.6 | 7.9 | 7.5 | 8.6 | 8.9 |
| 28,443 | 28,869 | 29,554 | 29,684 | 29,139 | 29,878 | 31,177 | 31,649 | 31,051 | 32,336 | 33,955 | 34,845 |
Operating Profit Operating ProfitCr |
| 24.0 | 23.9 | 24.2 | 23.5 | 23.2 | 24.0 | 23.9 | 24.2 | 24.1 | 23.5 | 23.7 | 23.4 |
Other Income Other IncomeCr | 671 | 561 | 632 | 789 | 2,729 | 838 | 712 | 859 | 1,190 | 1,042 | 982 | -150 |
Interest Expense Interest ExpenseCr | 82 | 90 | 138 | 131 | 110 | 105 | 108 | 101 | 102 | 105 | 106 | 100 |
Depreciation DepreciationCr | 1,121 | 1,173 | 1,166 | 1,176 | 1,163 | 1,149 | 1,160 | 1,203 | 1,299 | 1,140 | 1,182 | 1,155 |
| 8,466 | 8,362 | 8,768 | 8,619 | 10,240 | 9,021 | 9,253 | 9,670 | 9,663 | 9,740 | 10,229 | 9,229 |
| 2,332 | 2,417 | 2,553 | 2,506 | 2,265 | 2,647 | 2,737 | 2,848 | 2,625 | 2,816 | 2,854 | 2,563 |
|
Growth YoY PAT Growth YoY% | 7.7 | 10.9 | 3.1 | -7.2 | 30.0 | 7.2 | 4.8 | 11.6 | -11.8 | 8.6 | 13.2 | -2.3 |
| 16.4 | 15.7 | 15.9 | 15.8 | 21.0 | 16.2 | 15.9 | 16.3 | 17.2 | 16.4 | 16.6 | 14.7 |
| 14.8 | 14.4 | 15.0 | 14.8 | 19.3 | 15.4 | 15.7 | 16.4 | 17.0 | 16.7 | 17.8 | 16.2 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 17.1 | 9.7 | 3.0 | 17.2 | 9.8 | 10.7 | 21.1 | 20.7 | 4.7 | 6.1 | 6.3 |
| 38,448 | 45,362 | 49,880 | 51,629 | 62,505 | 68,524 | 72,583 | 90,150 | 1,11,637 | 1,17,245 | 1,23,754 | 1,32,187 |
Operating Profit Operating ProfitCr |
| 27.9 | 27.4 | 27.2 | 26.8 | 24.4 | 24.5 | 27.8 | 25.9 | 23.9 | 23.7 | 24.1 | 23.7 |
Other Income Other IncomeCr | 3,430 | 3,120 | 3,050 | 3,240 | 2,882 | 2,803 | 2,201 | 2,295 | 2,701 | 4,711 | 3,600 | 3,064 |
Interest Expense Interest ExpenseCr | 0 | 0 | 0 | 0 | 0 | 170 | 195 | 200 | 284 | 470 | 416 | 413 |
Depreciation DepreciationCr | 1,017 | 1,459 | 1,703 | 1,863 | 2,011 | 2,893 | 3,267 | 3,476 | 4,225 | 4,678 | 4,812 | 4,776 |
| 17,284 | 18,740 | 19,951 | 20,270 | 21,041 | 22,007 | 26,628 | 30,110 | 33,322 | 35,988 | 37,608 | 38,861 |
| 4,911 | 5,251 | 5,598 | 4,241 | 5,631 | 5,368 | 7,205 | 7,964 | 9,214 | 9,740 | 10,858 | 10,858 |
|
| | 9.0 | 6.4 | 11.7 | -3.9 | 8.0 | 16.7 | 14.0 | 8.9 | 8.9 | 1.9 | 4.7 |
| 23.2 | 21.6 | 21.0 | 22.7 | 18.6 | 18.3 | 19.3 | 18.2 | 16.4 | 17.1 | 16.4 | 16.2 |
| 54.1 | 29.5 | 31.4 | 17.8 | 35.4 | 39.0 | 45.6 | 52.5 | 57.6 | 63.4 | 64.5 | 67.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
|---|
Equity Capital Equity CapitalCr | 572 | 1,144 | 1,144 | 1,088 | 2,170 | 2,122 | 2,124 | 2,098 | 2,069 | 2,071 | 2,073 | 2,024 |
| 50,164 | 60,600 | 67,838 | 63,835 | 62,778 | 63,328 | 74,227 | 73,252 | 73,338 | 86,045 | 93,745 | 81,002 |
Current Liabilities Current LiabilitiesCr | 15,503 | 13,239 | 14,013 | 14,105 | 18,638 | 20,856 | 23,865 | 33,603 | 39,186 | 38,794 | 42,850 | 49,934 |
Non Current Liabilities Non Current LiabilitiesCr | 50 | 367 | 360 | 861 | 1,094 | 6,068 | 7,739 | 8,546 | 10,835 | 10,559 | 9,850 | 9,997 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 47,242 | 51,753 | 53,705 | 50,017 | 52,878 | 54,576 | 60,733 | 67,185 | 70,881 | 89,432 | 97,099 | 90,458 |
Non Current Assets Non Current AssetsCr | 19,047 | 23,597 | 29,650 | 29,873 | 31,860 | 38,192 | 47,653 | 50,700 | 54,935 | 48,382 | 51,804 | 52,926 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 8,353 | 10,028 | 11,531 | 13,218 | 14,841 | 17,003 | 23,224 | 23,885 | 22,467 | 25,210 | 35,694 |
Investing Cash Flow Investing Cash FlowCr | 1,088 | -901 | -14,542 | 4,452 | -575 | -239 | -7,456 | -6,416 | -1,209 | -5,009 | -1,946 |
Financing Cash Flow Financing Cash FlowCr | -4,935 | -6,813 | -6,939 | -20,505 | -14,512 | -17,591 | -9,786 | -24,642 | -26,695 | -17,504 | -24,161 |
|
Free Cash Flow Free Cash FlowCr | 8,353 | 10,028 | 11,531 | 13,218 | 14,841 | 17,003 | 23,224 | 23,885 | 22,467 | 25,210 | 35,694 |
| 67.5 | 74.3 | 80.3 | 82.5 | 96.3 | 102.2 | 119.6 | 107.8 | 93.2 | 96.0 | 133.4 |
CFO To EBITDA CFO To EBITDA% | 56.2 | 58.7 | 62.0 | 70.0 | 73.6 | 76.4 | 83.3 | 75.8 | 64.0 | 69.2 | 91.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 2,54,570 | 2,79,756 | 2,34,472 | 2,47,766 | 3,24,306 | 2,72,703 | 5,82,752 | 8,02,309 | 5,92,290 | 6,22,132 | 6,52,228 |
Price To Earnings Price To Earnings | 22.4 | 22.8 | 16.3 | 15.4 | 20.9 | 16.4 | 30.0 | 36.2 | 24.5 | 23.7 | 24.4 |
Price To Sales Price To Sales | 4.8 | 4.5 | 3.4 | 3.5 | 3.9 | 3.0 | 5.8 | 6.6 | 4.0 | 4.0 | 4.0 |
Price To Book Price To Book | 5.0 | 4.5 | 3.4 | 3.8 | 5.2 | 4.4 | 8.3 | 11.9 | 9.0 | 8.2 | 7.4 |
| 15.1 | 14.5 | 11.4 | 12.1 | 15.1 | 11.6 | 20.2 | 25.1 | 16.8 | 16.9 | 16.2 |
Profitability Ratios Profitability Ratios |
| 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
| 27.9 | 27.4 | 27.2 | 26.8 | 24.4 | 24.5 | 27.8 | 25.9 | 23.9 | 23.7 | 24.1 |
| 23.2 | 21.6 | 21.0 | 22.7 | 18.6 | 18.3 | 19.3 | 18.2 | 16.4 | 17.1 | 16.4 |
| 34.1 | 30.4 | 28.9 | 31.2 | 32.4 | 31.6 | 32.8 | 37.5 | 40.1 | 37.8 | 36.5 |
| 24.4 | 21.9 | 20.8 | 24.7 | 23.7 | 25.4 | 25.4 | 29.4 | 32.0 | 29.8 | 27.9 |
| 18.7 | 17.9 | 17.2 | 20.1 | 18.2 | 17.9 | 17.9 | 18.8 | 19.2 | 19.1 | 18.0 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Infosys Limited (Infosys) is a global leader in digital services and consulting, headquartered in Bengaluru, India. With over **300,000 employees** operating across **56+ countries**, the company serves clients in North America (57.9% of FY25 revenue), Europe (29.8%), and other global markets. Infosys positions itself as a **digital-first, cloud-first, and AI-first** strategic partner for large enterprises undergoing transformation.
The company’s strategy is anchored in a **four-pillar framework**: *Scale Agile Digital, Energize the Core, Reskill People,* and *Expand Localization*. This long-term vision, initiated in 2018, has positioned Infosys as a leader in enterprise AI transformation and digital innovation.
---
### **Core Strategic Initiatives (2024–2025)**
#### **1. Enterprise AI Leadership: Infosys Topaz & Agentic AI**
Infosys has cemented its leadership in **generative and agentic AI** through **Infosys Topaz**, its comprehensive AI platform launched in 2023. By October 2025, the platform has:
- Been deployed in **over 400 client projects**, including software development, customer service, and business operations.
- Delivered **over 400 custom AI agents** across verticals, including banking, IT operations, and supply chain.
- Integrated **22+ industry-specific AI blueprints** and **25 AI service playbooks** to enable rapid client transformation.
- Supported by a **dedicated Topaz Center of Excellence (CoE)** in collaboration with hyperscalers (AWS, Google Cloud, Microsoft Azure), startups, and academia.
The company follows a **responsible AI-by-design** approach, becoming one of the first global firms certified under **ISO 42001:2023** for AI governance. It has also open-sourced a **Responsible AI Toolkit** and established a **Responsible AI Office** to manage ethical, privacy, and compliance risks.
#### **2. AI-First Transformation Frameworks**
Infosys leverages two strategic AI frameworks:
- **services.ai**: Enhances IT services and operations using AI.
- **client.ai**: Drives enterprise-wide business transformation focused on revenue growth, efficiency, and customer experience.
It operates a **Polydelivery AI model** to avoid vendor lock-in, offering clients a hybrid approach across multiple AI providers (e.g., Google, Microsoft, NVIDIA, OpenAI). The **AI Agentic Foundry**, launched in 2024, develops specialized agents for:
- Code generation (powered by **GitHub Copilot**, used by 22,000+ developers)
- Audit and compliance
- Knowledge retrieval
- Personalized learning
Additionally, Infosys has developed **four proprietary small language models (SLMs)** for banking, IT operations, cybersecurity, and general enterprise use—offered as secure, modular services (e.g., via **Finacle** for banking digital assistants).
#### **3. Proprietary Platforms and Digital Ecosystem**
Infosys offers a robust portfolio of **proprietary platforms**, delivered as service-led, IP-driven solutions:
| Platform | Purpose |
|--------|--------|
| **Infosys Cobalt®** | Full-spectrum cloud transformation (migration, data, security, SaaS). Hosts 30+ solutions, 35,000+ assets, 300+ industry blueprints. |
| **EdgeVerve AI Next** | Unified, cloud-native platform for agentic AI in supply chain, operations, and enterprise transformation. |
| **Infosys Equinox®** | MACH-X (Microservices, API-first, Cloud-native, Headless, eXtensible) digital commerce platform. Enables AI-driven personalization and omnichannel experiences. |
| **Infosys Helix** | AI-first healthcare data suite for payers, providers, and government. |
| **LEAP (Live Enterprise Application Platform)** | AI-powered application modernization, maintenance, and automation. Supports 1,000+ client engagements. |
| **CyberNext & Cyber Gaze** | Holistic cybersecurity-as-a-service and real-time threat monitoring. |
| **Infosys Asté®** | AI-enhanced marketing suite for B2C and B2B brands, with 400+ assets and 50+ partners. |
Infosys also operates **iCETS (Infosys Center for Emerging Technology Solutions)**, an incubation unit driving innovation in AI, quantum, cybersecurity, and the metaverse via **Living Labs** and co-creation with clients.
---
### **Client Impact & Industry Transformation (2025 Examples)**
- **Global Logistics Client**: Co-developed an AI platform predicting shipment lifecycles with **sub-minute latency** and **24/7 uptime**, delivering **$1.5M immediate benefit**, **$8M annual savings**, and a **12% reduction in customer service calls**.
- **Posti (Nordic Logistics)**: Reduced **Mean Time to Resolution by 40%** and cut **critical downtime by over 90%** using GitHub Copilot and generative AI.
- **Telecom Client**: Enhanced digital customer experiences via AI-driven self-service and predictive support.
- **Apparel Company**: Modernizing core operations using **generative AI** and **AIOps**.
- **Financial Institution**: Achieved **24% increase in customer satisfaction** after AI-enabled service transformation.
---
### **Strategic Partnerships & Ecosystem**
Infosys has built a **multi-tiered partner ecosystem** to scale innovation:
- **Hyperscalers**: AWS, Microsoft Azure, Google Cloud, NVIDIA, Intel, Meta.
- **Enterprise Platforms**: Salesforce, SAP, Oracle, Snowflake, Databricks.
- **RPA & Automation**: UiPath, Tricentis.
- **Startups & Innovation**: 370+ startups in the **Infosys Innovation Network (IIN)**, with minority equity investments to accelerate access to emerging tech.
- **Academic Institutions**: Collaborations with MIT, Stanford HAI, Cambridge, and Columbia to advance AI research.
The company is among the **first to deploy GitHub Copilot at enterprise scale** and has co-developed **200+ enterprise-grade AI agents** with Google Cloud.
---
### **M&A and Strategic Expansion**
Infosys has used targeted acquisitions and joint ventures to deepen digital, industry, and geographic capabilities:
- **Kaleidoscope Innovation** (product design)
- **in-tech, InSemi, BASF Engineering Services** (automotive, semiconductor, chip-to-cloud)
- **Fluido, Simplus, BASE, oddity** (Salesforce, life sciences, digital experience)
- **MRE Consulting** (Energy/Commodity Trading, May 2025)
Geographic expansion includes:
- Launching a **subsidiary in Egypt** for a client project.
- Strengthened presence in **Australia** via **Versent Group** partnership.
- Expansion in **Nordics, Japan, and Middle East** as strategic growth markets.
Over **8,000 employees** were added in H1 FY26 to support **forward-deployed engineering teams** embedded within client organizations.
---
### **Operational and Delivery Model**
- **Go-to-Market**: Organized into **8 business units**:
- Financial Services & Insurance
- Retail & CPG & Logistics
- Communications & Media
- Energy & Utilities
- Manufacturing
- Hi-Tech
- Life Sciences & Healthcare
- Public Services & Regional Verticals
- **Revenue Streams**:
- **FY25 Key Segments**: Financial Services (27.7%), Manufacturing (15.5%), E&U (13.3%)
- **Digital Services**: Now account for **>62%** of total revenue (from 48.5% in FY21)
- **Geography**: North America remains key, but Europe and manufacturing are growing.
- **Delivery Architecture**:
- **Global Delivery Model** with hybrid execution (onsite, nearshore, offshore)
- **1,000+ client engagements** using proprietary IP platforms
- **Power VIBING** (rapid prototyping) and **Studio-as-a-Service** drive fast client outcomes
---
### **Human Capital & Reskilling**
Infosys has trained **over 275,000 employees** in AI and digital skills via its internal learning platform **Infosys Lex**, which hosts 14,800+ courses. The company:
- Invests in **augmented/virtual reality training**, gamification, and AI coaching.
- Runs **Digital Quotient** assessments and **Skill Tags** for career progression.
- Focuses on **lifelong learning**, integrating displaced and blue-collar workers into digital roles.
It added **8,000+ employees** in Q2 FY26 and continues to expand local talent in the **US, UK, Europe, Australia, Canada, Japan, and China**.