Board approves Q2 and H1 FY27 results, ₹ 26 interim dividend, employee stock grants
Board met October 22-23, 2026 and approved audited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 49,244 | 44,490 | +10.7% | 48,211 | +2.1% |
| Total income | 50,092 | 45,472 | +10.2% | 49,195 | +1.8% |
| Profit before tax | 11,063 | 10,229 | +8.2% | 11,028 | +0.3% |
| Profit after tax | 7,838 | 7,375 | +6.3% | 7,775 | +0.8% |
| Total comprehensive income | 7,754 | 8,157 | −4.9% | 8,146 | −4.8% |
| Basic EPS | 19.32 | 17.76 | +8.8% | 19.19 | +0.7% |
- Total income
- Latest 50,092; Year ago 45,472 (+10.2%); Prev qtr 49,195 (+1.8%)
- Profit after tax
- Latest 7,838; Year ago 7,375 (+6.3%); Prev qtr 7,775 (+0.8%)
- Period
- Quarter ended September 30, 2026
Also decided at the meeting
- Declared an interim dividend of ₹ 26/- per equity share; record date November 3, 2026 and payout date November 11, 2026.
- Approved grant of 9,640 RSUs under the 2015 Incentive Compensation Plan, vesting equally over three years, granted w.e.f. November 1, 2026 at par value exercise price.
- Allotted 15,578 equity shares of ₹ 5/- each on exercise of RSUs (2,841 under 2015 Plan; 12,737 under Infosys Expanded Stock Ownership Program 2019).
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item: Impact of Labour Codes of 1,289 (₹ crore) recognised in the year ended March 31, 2026; nil in the quarters presented.
The board of the company met on October 22 and 23, 2026 and dealt with three matters: the audited results for the quarter and half year ended September 30, 2026, an interim dividend, and employee stock grants and share allotment.
What the board approved
- Audited consolidated financial results of the company and its subsidiaries under Indian Accounting Standards (INDAS) for the quarter and half year ended September 30, 2026.
- Audited standalone financial results under INDAS for the same period.
- Audited financial statements under both INDAS and International Financial Reporting Standard (IFRS) for the same period.
Auditor's conclusion
Deloitte Haskins & Sells LLP audited the consolidated results and opined that the statement gives a true and fair view in conformity with the recognition and measurement principles of Ind AS 34, Interim Financial Reporting. The opinion is unmodified and the report also states that the statement includes the financial results of the subsidiaries listed in its annexure.
Dividend
An interim dividend of ₹ 26/- per equity share was declared, with November 3, 2026 as the record date and November 11, 2026 as the payout date.
The headline numbers (consolidated, IFRS, in ₹ crore)
- Revenues: 49,244 in Q2 FY27 against 44,490 a year earlier, up 10.7%; half year 97,454 against 86,769, up 12.3%.
- Operating profit: 10,330 against 9,353; operating margin 21.0%, the same as a year earlier.
- Net profit after non-controlling interests: 7,823 against 7,364, up 6.2%; half year 15,592 against 14,285, up 9.1%.
- Basic EPS: ₹19.32 against ₹17.76; half year ₹38.51 against ₹34.47.
In US dollar terms, Q2 revenues were $5,145 million against $5,076 million (up 1.3%) and net profit after non-controlling interests was $817 million against $839 million (down 2.5%).
The fact sheet adds
- Constant currency growth of 1.2% quarter on quarter and 1.5% year on year.
- Large deal total contract value of $5.2 Bn, of which 62% net new.
- Free cash flow of $0.93 Bn (₹8,898 crore).
- Artificial intelligence accounted for 10.5% of revenue.
- Total employees 332,542 as at September 30, 2026, against 331,991 a year earlier; voluntary attrition (last twelve months, IT services) 12.7%.
Stock grants
Based on the Nomination and Remuneration Committee's recommendations, the board approved the grant of 9,640 Restricted Stock Units under the 2015 Incentive Compensation Plan to eligible employees, vesting equally over three years, effective November 1, 2026, with an exercise price equal to the par value of the share.
Share allotment
The board allotted 15,578 equity shares of face value ₹ 5/- each on exercise of Restricted Stock Units by eligible employees: 2,841 shares under the 2015 Incentive Compensation Plan and 12,737 shares under the Infosys Expanded Stock Ownership Program 2019.
With effect from October 23, 2026, the issued and subscribed share capital of the company stood at ₹ 20,29,14,60,780/-, divided into 4,05,82,92,156 equity shares of ₹ 5/- each.
Also from Infosys
Auditors' report: statements give a true and fair view for Q2 and H1 FY2026
23 Oct 2026
Board declares interim dividend of ₹ 26 per equity share; record date November 3, 2026
23 Oct 2026
Infosys posted a 1.2% revenue growth in Q2, with its ADR falling about 6% as the guidance cut weighed on sentiment
23 Oct 2026
More numbers
- Interim dividend per equity share₹ 26/-
- Restricted Stock Units granted under 2015 Plan9,640
- Equity shares allotted on RSU exercise15,578
- Issued and subscribed share capital after allotment₹ 20,29,14,60,780/-
- Total equity shares after allotment4,05,82,92,156
- Consolidated net profit after non-controlling interests, Q2 FY27 (in ₹ crore)7,823 crore
- Consolidated operating margin, Q2 FY2721.0%
- Total income, latest quarter50,092 (₹ crore)
- Total income, year-ago quarter45,472 (₹ crore)
- Total income, previous quarter49,195 (₹ crore)
- Total comprehensive income, latest quarter7,754 (₹ crore)
- Total comprehensive income, year-ago quarter8,157 (₹ crore)
- Total comprehensive income, previous quarter8,146 (₹ crore)
- Profit after tax, latest quarter7,838 (₹ crore)
- Profit after tax, year-ago quarter7,375 (₹ crore)
- Profit after tax, previous quarter7,775 (₹ crore)
- Revenue from operations, latest quarter49,244 (₹ crore)
- Revenue from operations, year-ago quarter44,490 (₹ crore)
- Revenue from operations, previous quarter48,211 (₹ crore)
- Profit before tax, latest quarter11,063 (₹ crore)
- Profit before tax, year-ago quarter10,229 (₹ crore)
- Profit before tax, previous quarter11,028 (₹ crore)
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