Infosys Posts Expected Q4 Profit Dip from Prior Quarter; Guidance and Deal Wins Under Scrutiny

Infosys Set to Announce Q4FY26 Results Amid Global Uncertainties

Infosys, one of India's largest IT majors, will announce its Q4FY26 results on April 23, with investors closely monitoring not just earnings but also management commentary on growth, deal momentum, and macro uncertainties. The company's board will meet on April 22-23 to approve audited standalone and consolidated results for the quarter and full year ended March 31, along with a recommendation for a final dividend.

Brokerage estimates indicate a net profit of ₹7,508.6 crore, representing a 4% year-over-year growth from ₹7,218 crore in the corresponding quarter last year. However, on a sequential basis, profit after tax is expected to decline 1.5% from ₹7,625 crore in Q3FY26. Revenue is projected to grow 13.7% year-over-year to ₹46,567 crore from ₹40,925 crore, while rising 2% quarter-over-quarter from ₹45,479 crore.

Expectations Remain Measured

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Analysts expect Infosys' Q4 performance to reflect modest growth, with revenue remaining steady despite fewer billing days and seasonal softness. Margins are expected to hold largely stable despite cost pressures, while net profit growth is anticipated to remain moderate. A sharp decline in other income is expected following the completion of the buyback.

Kotak Institutional Equities expects a 1% QoQ decline in USD revenue to $5,070 million, primarily due to fewer billing days and seasonal weakness. Margins are expected to remain stable as the benefits of rupee depreciation are offset by higher visa costs. Meanwhile, Motilal Oswal Financial Services expects a 0.7% QoQ decline in constant currency revenue, near the top end of its guidance.

Deal Activity and Guidance

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Large deal TCV is expected in the range of $2–3 billion. JM Financial believes deal wins will remain healthy and broadly in line with typical trends, while Equirius expects a material QoQ decline in large deal TCV following two mega deal wins in Q3FY26. The company is expected to provide an initial FY27 revenue growth guidance of 1.5–4.5% year-over-year in constant currency terms.