Infy Q2 PAT rises marginally QoQ to Rs 7,823 cr; declares interim dividend of Rs 26/ sh
On a year-on-year (YoY) basis, the IT major's consolidated net profit rose 6.23%, while revenue from operations climbed 10.69% in Q2 FY27.
Profit before tax (PBT) increased 4.16% YoY to Rs 10,905 crore in Q2 FY27. Operating margin moderated to 21% from 21.1% in Q1 FY27.
In constant currency terms, revenue grew 1.2% sequentially and 1.5% year-on-year. In dollar terms, revenue stood at $5,145 million, registering growth of 1.2% QoQ and 1.3% YoY.
Free cash flow (FCF) stood at Rs 8,898 crore as of 30th September 2026, down 8.05% YoY and 1.69% QoQ. FCF conversion at 113.5% of net profit
The total contract value (TCV) of large deal wins increased to $5.2 billion during the quarter from $3.6 billion in Q1 FY27, with net new deals contributing 62% of the total. AI-led services accounted for 10.5% of the company's revenue in Q2 FY27.
The company revised its FY27 constant currency revenue growth guidance downward to 1%-2% from its earlier projection of 1.5%-3%, while retaining its operating margin guidance of 20%-22%.
The company had 2,026 active clients as of 30th September 2026, compared with 1,896 a year earlier. Total headcount stood at 3,32,542, up 0.17% YoY. The IT services attrition rate declined to 12.7% from 14.3% in the previous year.
Salil Parekh, CEO and MD, said, ?We had strong large deals of $5.2 billion, including a mega deal of over $2 billion, reinforcing our position as a trusted partner in the marketplace when clients embark on large and complex transformation programs. Our AI revenue was at 10.5% and grew 29% quarter-on-quarter. As enterprises move to AI adoption at scale, the strong growth in AI revenues is a recognition of our differentiated market positioning and client confidence,
We are advising some of the largest global enterprise on their AI strategy and continue to invest in deep domain and technology capabilities to bring new ideas and an integrated ecosystem to help businesses unlock AI value at scale,?
Jayesh Sanghrajka, CFO, said, ?We delivered operating margins of 21.0% in Q2 amidst heightened volatility. Focus on cost and operational efficiency measures while making the required investments, have led to stable margins. Free cash flow of $928 million, representing 113.3% of net profit, underscores the financial strength of the business. The Board has announced an interim dividend of ₹26 per share, an increase of 13% from last year.?
Meanwhile, the company's board declared an interim dividend of Rs 26 per equity share for FY27. The record date has been fixed as 3 November 2026, and the dividend will be paid on 11 November 2026.
Infosys is a global leader in next-generation digital services and consulting.
The scrip rose 0.30% to settle at Rs 1154.50 on the BSE.
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