# EDGAR Filing Document

**Accession Number:** 0001067491
**File Stem:** 0001067491-25-000034
**Filing Date:** 2025-10
**Character Count:** 56733
**Document Hash:** 61490c40e5bed0c7ed56c627e4c9cc85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001067491-25-000034.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0001067491-25-000034

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20251016

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251016

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Infosys Ltd
- **CENTRAL INDEX KEY:** 0001067491
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 581760235
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35754
- **FILM NUMBER:** 251396848

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ELECTRONICS CITY HOSUR RD
- **STREET 2:** BANGALORE KARNATAKA INDIA
- **CITY:** BANGALORE
- **PROVINCE COUNTRY:** K7
- **BUSINESS PHONE:** 0119180852

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ELECTRONIC CITY HOSUR RD
- **STREET 2:** BANGALORE KARNATAKA INDIA
- **CITY:** BANGALORE
- **PROVINCE COUNTRY:** K7

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INFOSYS TECHNOLOGIES LTD
- **DATE OF NAME CHANGE:** 19980804

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

**Report of Foreign Private Issuer**

**Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934**

**For the month of October 2025**

**Commission File Number 001-35754**

**Infosys Limited**

*(Exact name of Registrant as specified in its charter)*

**Not Applicable.**

*(Translation of Registrant's name into English)*

**Electronics City, Hosur Road, Bengaluru - 560 100, Karnataka, India. +91-80-2852-0261**

*(Address of principal executive offices)*

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F:

Form 20-F 🗹 Form 40-F □

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): □

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):□

**TABLE OF CONTENTS**

---

| |
|:---|
| [DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION](#a_001) |
| [SIGNATURES](#a_002) |
| [INDEX TO EXHIBITS](#a_003) |
| [EXHIBIT 99.1](exv99w01.htm) |
| [EXHIBIT 99.2](exv99w02.htm) |
| [EXHIBIT 99.3](exv99w03.htm) |

---

**DISCLOSURE OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION**

Infosys Limited ("we" or "the Company") hereby furnishes the United States Securities and Exchange Commission with copies of the following information concerning our public disclosures regarding our results of operations and financial condition for the quarter and half year ended September 30, 2025.

The following information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

On October 16, 2025, we announced our results of operations for the quarter and half year ended September 30, 2025. A copy of the outcome of the board meeting is attached to this Form 6-K as Exhibit 99.1.

We issued press releases announcing our results under International Financial Reporting Standards ("IFRS"), copies of which are attached to this Form 6-K as Exhibit 99.2.

We have placed the form of release to stock exchanges concerning our results of operations for the quarter and half year ended September 30, 2025 under Indian Accounting Standards (Ind-AS). A copy of the release to stock exchanges is attached to this Form 6-K as Exhibit 99.3.

The Board of Directors of the Company declared interim dividend of ![](rupee-symbol.gif)23/- per equity share, fixed October 27, 2025 as a record date and November 7, 2025 as a payout date.

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, considered and approved:

* Grant of 109,893 Restricted Stock Units ("RSUs")
under the 2015 Stock Incentive Compensation Plan ("2015 Plan") to eligible employees.

* Grant of Performance Based Stock incentives ("PSUs")
to eligible employees under the Expanded Stock Ownership Program 2019 ("2019 Plan") covering the Company's Equity Shares
having a market value of ![](rupee-symbol.gif)44.20 lakh as on the date of the grant. The number of PSUs will be calculated based on the market price
at the close of trading on November 1, 2025.

The grants made under the 2015 Plan would vest equally over a period of three to four years and the grants made under the 2019 Plan would vest over a period of three years subject to the Company's achievement of performance parameters as defined in the 2019 Plan. The RSUs and PSUs will be granted w.e.f., November 1, 2025 and the exercise price will be equal to the par value of the share.

Among other things, Board Approved incorporation of a step down wholly owned subsidiary in Egypt as a wholly owned subsidiary of Infosys Singapore Pte Ltd

Further, as part of internal reorganization, approved transfer of 90% of the shareholding held by Infosys Limited in Infosys Consulting S.R.L., Argentina, a majority owned subsidiary of Infosys Limited to Infosys Nova Holdings LLC a wholly owned subsidiary of Infosys Limited.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | |
|:---|:---|
|  | Infosys Limited<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br> Date: October 16, 2025 | **Jayesh Sanghrajka**<br> *Chief Financial Officer* |

---

**INDEX TO EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Document** |
| 99.1 | Outcome of the Board Meeting |
| 99.2 | IFRS USD press release |
| 99.3 | Form of Release to Stock Exchanges |

---

## Exhibit 99.1

**Exhibit 99.1**<br> **Outcome of the Board meeting**

![](ocbm-1.gif)

![](ocbm-2.gif)

## Exhibit 99.2

**Exhibit 99.2**

**IFRS USD Press Release**

**Quarterly revenue crosses $5 bn mark; Second consecutive quarter of strong performance**

**Revenue growth of 2.2% sequentially in Q2 and 3.3% in H1 in CC; Large deal TCV at $3.1 Bn and FCF at $1.1 Bn**

**FY26 revenue guidance at 2%-3% and margin guidance at 20%-22%**

**Bengaluru, India – October 16, 2025:** Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9% and sequential growth of 2.2% in constant currency. Operating margin was at 21.0%. Free cash flow generation was strong at $1.1 billion, 131.1% of net profit. TCV of large deal wins was $3.1 billion, with net new of 67%. Employee headcount increased by 8,203.

H1 revenues grew at 3.3% year over year in constant currency. Operating margin for H1 was at 20.9%.

"We have now delivered two consecutive quarters of strong growth, demonstrating our unique market positioning and client relevance. Strong deal wins, with 67% net new in Q2, reflect our deep understanding of clients' priorities to deliver value from AI in this environment", said **Salil Parekh, CEO and MD.** "Our proactive investments, over the last three years, in embracing an AI-first culture within Infosys has ensured that our people are reskilled to thrive in a human+AI workplace. Infosys Topaz's differentiated value proposition is unlocking value at scale in every transformation program" **he added.**

![](growth-percentage.gif)

**Guidance for FY26:**

&nbsp;&nbsp;&nbsp;&nbsp;· Revenue growth of
2%-3% in constant currency

&nbsp;&nbsp;&nbsp;&nbsp;· Operating margin
of 20%-22%

**Key highlights:**

---

| | |
|:---|:---|
| &nbsp;&nbsp; **For quarter ended September 30, 2025** | &nbsp;&nbsp; **For the six months ended September 30, 2025** |
| &nbsp;&nbsp;<br> · Revenues in CC terms grew by 2.9% YoY and 2.2% QoQ<br> · Reported revenues at $5,076 million, growth of 3.7% YoY<br> · Operating margin at 21.0%, decline of 0.1% YoY and growth of 0.2% QoQ<br> · Basic EPS at $0.20, growth of 7.9% YoY<br> · FCF at $1,101 million, growth of 31.2% YoY; FCF conversion at 131.1% of net profit | &nbsp;&nbsp; · Revenues in CC terms grew by 3.3% YoY<br> · Reported revenues at $10,018 million, growth of 4.3% YoY<br> · Operating at 20.9%, decline of 0.2% YoY<br> · Basic EPS at $0.40, growth of 6.9% YoY<br> · FCF at $1,985 million, growth of 2.7% YoY; FCF conversion at 120.4% of net profit |

---

We had robust all-round performance in Q2 - strong growth, resilient margins, very high cash generation and 13.1% EPS growth year on year in rupee terms. We continue to make strategic investments to futureproof the business with a tight focus on execution, amidst high uncertainty", **said Jayesh Sanghrajka, CFO**. "In line with our Capital Allocation Policy, we have announced a share buyback for ![](rupee-symbol.gif)18,000 crores during the quarter and an interim dividend of ![](rupee-symbol.gif)23 per share, an increase of 9.5% over last fiscal", **he added**.

**Client Wins & Testimonials**

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys transformed ABN AMRO's lending process
with nCino platform implementation by consolidating multiple legacy systems into a single, unified platform. **Hans-Willem Giesen, IT Lead–Credits, ABN AMRO**, said, "The transition to the nCino Platform, facilitated by our partners like Infosys, has brought
about a significant shift in how we manage our lending process. This solution will improve operational efficiency, enhance our collateral
management capabilities, and provide our customers with a faster, more transparent experience. As we look to the future, this platform
will be a cornerstone of our continued growth and transformation."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys collaborated with Mastercard to offer financial
institutions enhanced access to Mastercard Move, its portfolio of money movement capabilities, and thereby scale cross-border payments. **Pratik Khowala, EVP and Global Head of Transfer Solutions, Mastercard**, said, "Through Mastercard Move's cutting-edge
solutions, we empower individuals and organizations to move money quickly and securely across borders. The strategic collaboration with
Infosys provides financial institutions with easy access to these capabilities, enabling them to facilitate fast, secure and reliable
cross-border payments for their customers while enhancing control of risk, operations, costs and liquidity for themselves. Together with
Infosys, we're helping financial institutions deliver the seamless digital payments experiences today's customers expect."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys extended its strategic collaboration with Sunrise
to accelerate its IT transformation, with a strong focus on data security, operational agility, and future AI integration. **Anna Maria Blengino, CIO, Sunrise**, said, "Through our strategic collaboration with Infosys, we are consolidating our technology landscape
and infusing it with AI, putting enhanced customer experience at the heart of this transition. The Sunrise and Infosys teams are working
side by side with a true one-team mindset to design and deliver platforms that are more agile, predictive, and scalable."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys announced a joint venture with Telstra, in
Australia, by acquiring 75% of the shareholding in Versent Group, a wholly owned subsidiary of Telstra Group, to propel AI-enabled
cloud and digital solutions for enterprises. **Vicki Brady, Chief Executive Officer, Telstra**, said, "Our collaboration with
Infosys reflects our confidence in the value we can unlock together. Their global scale, deep industry knowledge, and culture of innovation
and service excellence will be instrumental in accelerating Versent Group's growth and impact across the region."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys collaborated with RWE AG to drive automated
digital workplace transformation and improve operational efficiency. **Gülnaz Öneş, Group CIO of RWE**, said, "By
leveraging modern technologies and aligning them with our sustainability and efficiency goals, we are streamlining operations, empowering
our people, and creating value across RWE. Our collaboration with trusted partners like Infosys underscores our commitment to a resilient,
agile digital workplace that drives sustainable growth."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys collaborated with HanesBrands Inc to unlock
hyper productivity and AI-driven efficiency in the digital, business applications, and data landscape. **Scott Pleiman, Chief Strategy, Transformation, Analytics and Technology Officer, HanesBrands**, said, "As we continue to evolve our operational model, we sought
an experienced collaborator with deep domain expertise and advanced capabilities in AI-driven transformation. Infosys' AI-first
approach and proven ability to scale innovation aligned with our long-term vision for agility, efficiency and customer-centricity."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys collaborated with AGCO to deliver IT and HR
operations transformation with an efficient and future-ready operational framework for growth. **Viren Shah, Chief Digital & Information Officer, AGCO Corporation**, said, "At AGCO, we're committed to delivering excellence in everything we do, always putting
Farmers First. Collaborating with Infosys is intended to enable us to create a responsive, streamlined and innovative operational ecosystem
within IT and other functions that allows our teams to focus on critical and strategic initiatives that center on the farmer."

&nbsp;&nbsp;&nbsp;&nbsp;· Uniting Financial Services (UFS), Australia, subscribed
to Infosys Finacle's Digital Banking SaaS suite on AWS cloud, in a move that was completed in less than five months. **John McComb, Chief Risk Officer and Acting CEO, Uniting Financial Services**, said, "We are delighted to announce the successful go-live of
the Finacle platform. Our goal was to modernise our core banking and digital capabilities to enhance the experience for clients. With
Infosys Finacle, we have found a long-term technology partner, with the ability to deliver a future-ready platform that meets the needs
of our operations today and supports our ambitions for tomorrow in a rapidly evolving financial services landscape."

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys collaborated with Glion Arena Kobe as their
official digital innovation and GX partner to power smart and sustainable entertainment experiences *.* **Jun Shibuya, President and Representative Director, One Bright KOBE Corporation**, said, "Glion Kobe Arena is a new landmark commemorating the 30th
anniversary of the Great Hanshin-Awaji Earthquake. Our vision for the arena is to become a pioneering next-generation entertainment venue,
offering spectacular events while operating sustainably. We are happy to announce our agreement with Infosys as our official digital
innovation and GX partner. Leveraging Infosys' innovative solutions will help us aggregate data, utilize cloud technologies, explore
new revenue opportunities, and deliver a seamless experience for all our fans and visitors."

**Recognitions & Awards**

**Brand & Corporate**

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys honored with awards at 'The Asset Corporate Sustainability Leadership Awards 2025'.
Categories include the 'Platinum Award for Excellence' and 'Best Investor Relations Team'

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as one of the World's Best Companies 2025 by TIME and Statista for its excellence
in employee satisfaction, revenue growth, and sustainability transparency

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized among the World's Most Trustworthy Companies 2025 by Newsweek and Statista

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as one of the Best Companies for Women in India in the Hall of Fame for the seventh
consecutive year and the 2025 Avtar & Seramount Best Companies for Women in India in the IT sector

&nbsp;&nbsp;&nbsp;&nbsp;· Honored with the Exemplars of Inclusion in the Most Inclusive Companies Index 2025 by Avtar
& Seramount

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized among the top 10 in the newly launched category of Best Companies for ESG in India
in 2025 by Avtar & Seramount

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys Foundation & Infosys ESG Annual Report FY24-25 received the Gold Stevie<sup>®
</sup>Award in the categories of 'Best Annual Report - Non-Profit Organizations' and 'Other Publication - Company'.
Infosys Integrated Report secured the Silver Stevie<sup>®</sup> Award for 'Best Annual Report - Publicly-Held Corporations'
at the 22nd Annual International Business Awards<sup>®</sup>

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys BPM received the 9th Edition Women Empowerment Summit and GIWL Awards for 'Best
Organization for Women Empowerment'

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys BPM received the 20th Edition Future of L&D Summit and Awards 2025 for 'Best
Digital Learning initiative'

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys BPM received the Brandon Hall HCM Excellence Learning and Development Awards for
'Best Learning Strategy'

**AI and Cloud Services**

&nbsp;&nbsp;&nbsp;&nbsp;· Positioned as a leader in Gartner: Magic Quadrant and Critical Capabilities for Public Cloud
IT Transformation Services

&nbsp;&nbsp;&nbsp;&nbsp;· Positioned as a leader in Gartner: Emerging Market Quadrant for Generative AI Consulting
and Implementation Services (Innovation Guide for Generative AI Consulting and Implementation Services)

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: Asia Pacific Oracle Implementation Services 2025
Vendor Assessment

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: Worldwide Artificial Intelligence Services 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: Worldwide Life Science R&D AI and GenAI in
Clinical Trials 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList: Artificial Intelligence and Machine Learning
Best-of-Breed Platforms

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList: AI-Driven Cognitive Applications

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys EdgeVerve recognized as the 'Company of the Year' with Silver Stevie<sup>®</sup>
Awards in two categories: i) Artificial Technology for the flagship platform, Infosys EdgeVerve AI Next, and ii) Business Technology
for enterprise transformation

**Key Digital Services**

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: India IT/Digital Transformation Services for Public
Sector 2025 Vendor Assessment

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: Worldwide IT and Engineering Services for Software-Defined
Vehicles 2025 Vendor Assessment

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: Worldwide Industrial IoT End-to-End Engineering
and Life-Cycle Services 2025 Vendor Assessment

&nbsp;&nbsp;&nbsp;&nbsp;· Rated as a leader in Everest Group: Microsoft Business Application Services PEAK Matrix<sup>®</sup>
Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Rated as a leader in Everest Group: Global Digital Workplace Services PEAK Matrix<sup>®</sup>
Assessments 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Rated as a leader in Everest Group: 5G Engineering Services PEAK Matrix<sup>®</sup>Assessment
2025

&nbsp;&nbsp;&nbsp;&nbsp;· Rated as a leader in Everest Group: Network Engineering Services PEAK Matrix<sup>®</sup>
Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Rated as a leader in Everest Group: Net-Zero Consulting Services PEAK Matrix<sup>®</sup>
Assessment 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in HFS Horizons: Digital Marketing and Sales Services, 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in HFS Horizons: Cybersecurity Services, 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Positioned as a leader in NelsonHall: ServiceNow Services 2025 NEAT

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList: Customer Experience (CX) Design &
Execution Services – Global

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList: Digital Transformation Services (DTX)
– Global

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList: Customer Experience (CX) Operations Services
– Global

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList for ER&D

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in Constellation ShortList: AI Services – Global

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as leader in Avasant Utilities Digital Services 2025 RadarView™

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as leader in Avasant Global Competency Center (GCC) Services 2025 RadarView™

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys China recognized as the 'Leading Digital Service Providers 2025 - Top 100'
by China Council for International Investment Promotion

**Industry & Solutions**

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in IDC MarketScape: Worldwide Life Sciences Healthcare Provider (HCP)
Engagement Services 2025

&nbsp;&nbsp;&nbsp;&nbsp;· Recognized as a leader in HFS Horizons: The Best Service Providers for Mortgage Reinvention,
2025

&nbsp;&nbsp;&nbsp;&nbsp;· Positioned as a leader in NelsonHall: Transforming Mortgage & Loan Services 2025 NEAT

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Origination
Systems 2025 Vendor Assessment

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys Finacle recognized as a leader in IDC MarketScape: Worldwide Corporate Loan Lifecycle
Management 2025 Vendor Assessment

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys Finacle along with its customers received three awards at the MEA Finance Leaders
in Payments Awards 2025 for Best Real-Time Payments Implementation - Qatar National Bank, Best Real-Time Payments Provider - Infosys
Finacle, and Best Instant Payments Technology Solution - Infosys Finacle

&nbsp;&nbsp;&nbsp;&nbsp;· Infosys Finacle along with its customers received three awards at the Finnovex Awards Saudi
Arabia 2025 for Excellence in Digital Transformation - Arab National Bank, Excellence in Digital Corporate Banking - Banque Saudi Fransi,
and Excellence in Composable Banking Platforms - Infosys Finacle

Read more about our Awards & Recognitions here.

**About Infosys**
**Safe Harbor**

Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident, and the United States H-1B visa program are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these 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 working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, the outcome of the government investigation, the timing, implementation, duration and effect of the September 19, 2025 proclamation signed by the president of the United States related to the H-1B visa program, and the effect of current and any future tariffs. Important 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, 2025. These filings are available at www.sec.gov. 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.

**Contact**

Investor Relations Sandeep Mahindroo +91 80 3980 1018 Sandeep_Mahindroo@infosys.com <br> <u> Media Relations </u> <u> Rishi Basu +91 80 4156 3998 Rajarshi.Basu@infosys.com </u>

**Infosys Limited and subsidiaries** 

***Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:***

*(Dollars in millions)*

---

| | | | |
|:---|:---|:---|:---|
| | **September 30, 2025** | **September 30, 2025** | **March 31, 2025** |
| **ASSETS** | | | |
| **Current assets** | | | |
| Cash and cash equivalents | 3585 | 2861 | 2861 |
| Current investments | 1420 | 1460 | 1460 |
| Trade receivables | 3826 | 3645 | 3645 |
| Unbilled revenue | 1612 | 1503 | 1503 |
| Other current assets | 1470 | 1890 | 1890 |
| **Total current assets** | **11913** | **11359** | **11359** |
| **Non-current assets** |  |  |  |
| Property, plant and equipment and Right-of-use assets | 2172 | 2235 | 2235 |
| Goodwill and other Intangible assets | 1652 | 1505 | 1505 |
| Non-current investments | 1225 | 1294 | 1294 |
| Unbilled revenue | 260 | 261 | 261 |
| Other non-current assets | 842 | 765 | 765 |
| **Total non-current assets** | **6151** | **6060** | **6060** |
| **Total assets** | **18064** | **17419** | **17419** |
| **LIABILITIES AND EQUITY** |  |  |  |
| **Current liabilities** |  |  |  |
| Trade payables | 432 | 487 | 487 |
| Unearned revenue | 1016 | 994 | 994 |
| Employee benefit obligations | 375 | 340 | 340 |
| Other current liabilities and provisions | 3401 | 3191 | 3191 |
| **Total current liabilities** | **5224** | **5012** | **5012** |
| **Non-current liabilities** |  |  |  |
| Lease liabilities | 674 | 675 | 675 |
| Other non-current liabilities | 479 | 477 | 477 |
| **Total non-current liabilities** | **1153** | **1152** | **1152** |
| **Total liabilities** | **6377** | **6164** | **6164** |
| **Total equity attributable to equity holders of the company** | **11634** | **11205** | **11205** |
| Non-controlling interests | 53 | 50 | 50 |
| **Total equity** | **11687** | **11255** | **11255** |
| **Total liabilities and equity** | **18064** | **17419** | **17419** |

---

***Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for:***

*(Dollars in millions except per equity share data)*

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **3 months ended September 30, 2025** | **3 months ended September 30, 2024** | **6 months ended September 30, 2025** | **6 months ended September 30, 2024** |
| **Revenues** | **5076** | **4894** | **10018** | **9608** |
| Cost of sales | 3516 | 3400 | 6933 | 6659 |
| **Gross profit** | **1560** | **1494** | **3085** | **2949** |
| **Operating expenses:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling and marketing expenses | 254 | 221 | 512 | 454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative expenses | 241 | 240 | 480 | 469 |
| Total operating expenses | 495 | 461 | 992 | 923 |
| **Operating profit** | **1065** | **1033** | **2093** | **2026** |
| Other income, net <sup>(3)</sup> | 100 | 72 | 210 | 160 |
| **Profit before income taxes** | **1165** | **1105** | **2303** | **2186** |
| Income tax expense | 325 | 327 | 654 | 644 |
| **Net profit (before minority interest)** | **840** | **778** | **1649** | **1542** |
| Net profit (after non-controlling interest) | 839 | 777 | 1647 | 1540 |
| **Basic EPS ($)** | **0.20** | **0.19** | **0.40** | **0.37** |
| Diluted EPS ($) | 0.20 | 0.19 | 0.40 | 0.37 |

---

***<u>NOTES</u>:***

 ****

&nbsp;&nbsp;&nbsp;&nbsp;*1.* *The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter ended September 30, 2025, which have been taken on record at the Board meeting held on October 16, 2025.* 

&nbsp;&nbsp;&nbsp;&nbsp;*2.* *A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.* 

&nbsp;&nbsp;&nbsp;&nbsp;*3.* *Other income is net of Finance Cost.* 

&nbsp;&nbsp;&nbsp;&nbsp;*4.* *As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six months ended figures reported in this statement.*

## Exhibit 99.3

**Exhibit 99.3**<br> **Form of Release to Stock Exchanges**

---

| | | |
|:---|:---|:---|
| ![Infosys Logo](infosysnyn.gif) | &nbsp;&nbsp; Infosys Limited<br> Regd. office: Electronics City, Hosur Road,<br> Bengaluru 560 100, India | &nbsp;&nbsp; CIN : L85110KA1981PLC013115<br> Website: www.infosys.com<br> email: investors@infosys.com<br> 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, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS)**

*(in ![](rupee-symbol.gif) crore, except per equity share data)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter <br> ended<br> September 30,** | **Quarter <br> ended<br> June 30,** | **Quarter <br> ended<br> September 30,** | **Half-year ended September 30,** | **Half-year ended September 30,** | **Year ended<br> March 31,** |
| **Particulars** | **2025** | **2025** | **2024** | **2025** | **2024** | **2025** |
|  | **Audited** | **Audited** | **Audited** | **Audited** | **Audited** | **Audited** |
| **Revenue from operations** | 44490 | 42279 | 40986 | 86769 | 80300 | 162990 |
| Other income, net | 982 | 1042 | 712 | 2024 | 1551 | 3600 |
| **Total Income** | **45472** | **43321** | **41698** | **88793** | **81851** | **166590** |
| **Expenses** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee benefit expenses | 23438 | 22847 | 21564 | 46284 | 42498 | 85950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of technical sub-contractors | 3879 | 3497 | 3190 | 7376 | 6359 | 12937 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travel expenses | 539 | 516 | 458 | 1055 | 936 | 1894 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of software packages and others | 4025 | 3746 | 3949 | 7771 | 7404 | 15911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication expenses | 160 | 144 | 169 | 303 | 316 | 620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consultancy and professional charges | 480 | 464 | 451 | 943 | 895 | 1655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortisation expenses | 1182 | 1140 | 1160 | 2323 | 2310 | 4812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance cost | 106 | 105 | 108 | 211 | 214 | 416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other expenses | 1434 | 1122 | 1396 | 2557 | 2645 | 4787 |
| **Total expenses** | **35243** | **33581** | **32445** | **68823** | **63577** | **128982** |
| **Profit before tax** | **10229** | **9740** | **9253** | **19970** | **18274** | **37608** |
| Tax expense: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current tax | 3178 | 3053 | 3146 | 6232 | 6144 | 12130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax | (324) | (237) | (409) | (562) | (760) | (1272) |
| **Profit for the period** | **7375** | **6924** | **6516** | **14300** | **12890** | **26750** |
| **Other comprehensive income** |  |  |  |  |  |  |
| *Items that will not be reclassified subsequently to profit or loss* |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remeasurement of the net defined benefit liability/asset, net | (38) | (70) | 78 | (108) | 98 | (92) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity instruments through other comprehensive income, net | (8) | 35 | (9) | 27 | 5 | 19 |
| *Items that will be reclassified subsequently to profit or loss* |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value changes on derivatives designated as cash flow hedges, net | *–* | 6 | (21) | 6 | (24) | (24) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange differences on translation of foreign operations | 862 | 1019 | 560 | 1881 | 456 | 357 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value changes on investments, net | (34) | 123 | 86 | 89 | 126 | 199 |
| **Total other comprehensive income/(loss), net of tax** | **782** | **1113** | **694** | **1895** | **661** | **459** |
| **Total comprehensive income for the period** | **8157** | **8037** | **7210** | **16195** | **13551** | **27209** |
| **Profit attributable to:** |  |  |  |  |  |  |
| Owners of the company | 7364 | 6921 | 6506 | 14285 | 12874 | 26713 |
| Non-controlling interests | 11 | 3 | 10 | 15 | 16 | 37 |
|  | **7375** | **6924** | **6516** | **14300** | **12890** | **26750** |
| **Total comprehensive income attributable to:** |  |  |  |  |  |  |
| Owners of the company | 8140 | 8024 | 7190 | 16165 | 13527 | 27167 |
| Non-controlling interests | 17 | 13 | 20 | 30 | 24 | 42 |
|  | **8157** | **8037** | **7210** | **16195** | **13551** | **27209** |
| Paid up share capital (par value ![](rupee-symbol.gif)5/- each, fully paid) | 2074 | 2074 | 2072 | 2074 | 2072 | 2073 |
| Other equity \*<sup>#</sup> | 93745 | 93745 | 86045 | 93745 | 86045 | 93745 |
| **Earnings per equity share (par value ![](rupee-symbol.gif)5/- each)\*\*** |  |  |  |  |  |  |
| Basic (in ![](rupee-symbol.gif) per share) | 17.76 | 16.70 | 15.71 | 34.47 | 31.09 | 64.50 |
| Diluted (in ![](rupee-symbol.gif) per share) | 17.74 | 16.68 | 15.68 | 34.41 | 31.02 | 64.34 |

---

*\** *Balances for the quarter and half year ended September 30, 2025 and quarter ended June 30, 2025 represent balances as per the audited Balance Sheet as at March 31, 2025 and balances for the quarter and half year ended September 30, 2024 represent balances as per the audited Balance Sheet as at March 31, 2024 as required by SEBI (Listing and Other Disclosure Requirements) Regulations, 2015*

 

*\*\** *EPS is not annualized for the quarter and half year ended September 30, 2025, quarter ended June 30, 2025 and quarter and half year ended September 30, 2024.*

 

*<sup>#</sup>* *Excludes non-controlling interest*

**a)** The audited interim condensed consolidated financial statements for the quarter and half year ended September 30, 2025 have been taken on record by the Board of Directors at its meeting held on October 16, 2025. **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 16, 2025, based on the recommendations of the Nomination and Remuneration Committee, approved:

- Grant of 109,893 Restricted Stock Units (RSUs) under the 2015 Stock Incentive Compensation Plan (2015 Plan) to eligible employees.

Grant of Performance Based Stock incentives (PSUs) to eligible employees under the Expanded Stock Ownership Program 2019 (2019 Plan) covering the Company's Equity Shares having a market value of ![](rupee-symbol.gif)44.20 lakh as on the date of the grant. The number of PSUs will be calculated based on the market price at the close of trading on November 1, 2025

The grants made under the 2015 Plan would vest equally over a period of three to four years and the grants made under the 2019 Plan would vest over a period of three years subject to the Company's achievement of performance parameters as defined in the 2019 Plan. The RSUs and PSUs will be granted w.e.f November 1, 2025 and the exercise price will be equal to the par value of the share.

**c) Proposed acquisition**

On August 13, 2025, Infosys Singapore Pte. Ltd., a wholly owned subsidiary of Infosys Limited, entered into a definitive agreement to acquire 75% of the equity share capital in Telstra Purple Pty Ltd, including some of its subsidiaries (together known as Versent Group), Australia's leading Digital Transformation Solutions provider for a consideration including earn-outs and deferred consideration amounting up to AUD 233 million (approximately ![](rupee-symbol.gif)1,335 crore), excluding retention bonus and management incentives, subject to regulatory approvals and customary closing adjustments.

**d) Proposed Buyback**

The Board, at its meeting on September 11, 2025, approved a proposal for the Company to buyback its fully paid-up equity shares of face value of ![](rupee-symbol.gif)5/- each from the eligible equity shareholders of the Company for an amount of ![](rupee-symbol.gif)18,000 crore, subject to shareholders' approval by way of Postal Ballot. The Buyback offer if approved by shareholders would comprise a purchase of 10,00,00,000 Equity Shares comprising approximately 2.41% of the total paid-up equity share capital of the Company as of June 30, 2025 (on standalone basis) at a price of ![](rupee-symbol.gif)1,800/- per Equity Share. The buyback is proposed to be made from all eligible equity shareholders (including those who become equity shareholders as on the Record date by cancelling American Depository Shares and withdrawing underlying Equity Shares) of the Company as on the Record Date (to be determined by the Board/ Buyback Committee) on a proportionate basis through the "Tender offer" route. The Company has sent out a notice to its shareholders as of September 26, 2025 seeking the approval of the shareholders through Postal Ballot. The voting for this Postal Ballot is expected to end on November 4, 2025.

**2. Information on dividends for the quarter and half year ended September 30, 2025**

The Board of Directors declared an interim dividend of ![](rupee-symbol.gif)23/- per equity share. The record date for the payment is October 27, 2025.The interim dividend will be paid on November 7, 2025. The interim dividend declared in the previous year was ![](rupee-symbol.gif)21/- per equity share.

*(in ![](rupee-symbol.gif))*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter <br> ended<br> September 30,** | **Quarter <br> ended<br> June 30,** | **Quarter <br> ended<br> September 30,** | **Half-year ended September 30,** | **Half-year ended September 30,** | **Year ended<br> March 31,** |
| **Particulars** | **2025** | **2025** | **2024** | **2025** | **2024** | **2025** |
| **Dividend per share (par value ![](rupee-symbol.gif)5/- each)** |  |  |  |  |  |  |
| Interim dividend | 23.00 | *–* | 21.00 | 23.00 | 21.00 | 21.00 |
| Final dividend | *–* | *–* | *–* | *–* | *–* | 22.00 |

---

**3. Audited Consolidated Balance Sheet**

*(in ![](rupee-symbol.gif) crore)*

---

| | | |
|:---|:---|:---|
| | **As at** | **As at** |
| **Particulars** | **September 30, 2025** | **March 31, 2025** |
| **ASSETS** |  |  |
| **Non-current assets** |  |  |
| Property, plant and equipment | 11596 | 11778 |
| Right of use assets | 6390 | 6311 |
| Capital work-in-progress | 1124 | 814 |
| Goodwill | 11502 | 10106 |
| Other Intangible assets | 3168 | 2766 |
| Financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments | 10879 | 11059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans | 9 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 3769 | 3511 |
| Deferred tax assets (net) | 1526 | 1108 |
| Income tax assets (net) | 2006 | 1622 |
| Other non-current assets | 2644 | 2713 |
| **Total non-current assets** | **54613** | **51804** |
| **Current assets** |  |  |
| Financial assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments | 12606 | 12482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade receivables | 33968 | 31158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 31832 | 24455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans | 243 | 249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial assets | 14927 | 13840 |
| Income tax assets (net) | 26 | 2975 |
| Other current assets | 12165 | 11940 |
| **Total current assets** | **105767** | **97099** |
| **Total Assets** | **160380** | **148903** |
| **EQUITY AND LIABILITIES** |  |  |
| **Equity** |  |  |
| Equity share capital | 2074 | 2073 |
| Other equity | 101256 | 93745 |
| **Total equity attributable to equity holders of the Company** | **103330** | **95818** |
| Non-controlling interests | 414 | 385 |
| **Total equity** | **103744** | **96203** |
| **Liabilities** |  |  |
| **Non-current liabilities** |  |  |
| Financial liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities | 5983 | 5772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial liabilities | 2320 | 2141 |
| Deferred tax liabilities (net) | 1688 | 1722 |
| Other non-current liabilities | 247 | 215 |
| **Total non-current liabilities** | **10238** | **9850** |
| **Current liabilities** |  |  |
| Financial liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lease liabilities | 2772 | 2455 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade payables | 3839 | 4164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial liabilities | 20074 | 18138 |
| Other Current Liabilities | 12488 | 11765 |
| Provisions | 1632 | 1475 |
| Income tax liabilities (net) | 5593 | 4853 |
| **Total current liabilities** | **46398** | **42850** |
| **Total equity and liabilities** | **160380** | **148903** |

---

*The disclosure is an extract of the audited Consolidated Balance Sheet as at September 30, 2025 and March 31, 2025 prepared in compliance with the Indian Accounting Standards (Ind-AS).*

**4. Audited Consolidated Statement of Cash Flows**

*(in ![](rupee-symbol.gif) crore)*

---

| | | |
|:---|:---|:---|
| | **Half-year ended September 30,** | **Half-year ended September 30,** |
| **Particulars** | **2025** | **2024** |
| **Cash flow from operating activities** |  |  |
| Profit for the period | 14300 | 12890 |
| **Adjustments to reconcile net profit to net cash provided by operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income tax expense | 5670 | 5384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 2323 | 2310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest and dividend income | (1554) | (1257) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finance cost | 211 | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment loss recognized / (reversed) under expected credit loss model | 34 | 95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange differences on translation of assets and liabilities, net | 573 | (298) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock compensation expense | 471 | 420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Provision for post sale client support | (97) | 26 |
| Other adjustments | 658 | 876 |
| **Changes in assets and liabilities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade receivables and unbilled revenue | (4395) | (2735) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans, other financial assets and other assets | (175) | (233) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade payables | (451) | (147) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other financial liabilities, other liabilities and provisions | 2939 | 1078 |
| **Cash generated from operations** | **20507** | **18623** |
| Income taxes (paid) / received | (2996) | (2165) |
| **Net cash generated by operating activities** | **17511** | **16458** |
| **Cash flows from investing activities** |  |  |
| Expenditure on property, plant and equipment and intangibles | (1352) | (968) |
| Deposits placed with corporation | (683) | (579) |
| Redemption of deposits placed with corporation | 392 | 357 |
| Interest and dividend received | 1613 | 1217 |
| Payment towards acquisition of business, net of cash acquired | (637) | (3155) |
| Payment of contingent consideration pertaining to acquisition of business | (13) |  |
| Other receipts | 14 | 5 |
| Payments to acquire Investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax free bonds and government bonds | (21) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liquid mutual fund units | (36091) | (33517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certificates of deposit | (7149) | (1885) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial Papers | (2686) | (2227) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-convertible debentures | (2639) | (1051) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Government securities | (531) | *–* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Investments | (22) | (17) |
| Proceeds on sale of Investments |  |  |
| Tax free bonds and government bonds | 1284 | *–* |
| Liquid mutual fund units | 32967 | 34012 |
| Certificates of deposit | 5857 | 3970 |
| Commercial Papers | 4675 | 7135 |
| Non-convertible debentures | 1625 | 1030 |
| Government securities | 3265 | 200 |
| **Net cash generated / (used in) from investing activities** | **(132)** | **4525** |
| **Cash flows from financing activities:** |  |  |
| Payment of lease liabilities | (1382) | (1190) |
| Payment of dividends | (9122) | (11592) |
| Loan repayment of in-tech Holding GmbH | *–* | (985) |
| Payment of dividend to non-controlling interest of subsidiary | (3) | (2) |
| Shares issued on exercise of employee stock options | 1 | 3 |
| Other payments | (181) | (265) |
| **Net cash used in financing activities** | **(10687)** | **(14031)** |
| **Net increase / (decrease) in cash and cash equivalents** | 6692 | 6952 |
| Effect of exchange rate changes on cash and cash equivalents | 685 | 61 |
| **Cash and cash equivalents at the beginning of the period** | 24455 | 14786 |
| **Cash and cash equivalents at the end of the period** | **31832** | **21799** |
| **Supplementary information:** |  |  |
| Restricted cash balance | 410 | 407 |

---

*The disclosure is an extract of the audited Consolidated Statement of Cash flows for the half year ended September 30, 2025 and September 30, 2024 prepared in compliance with Indian Accounting Standard (Ind AS) 34 Interim Financial Reporting.*

 

 

**5. Segment reporting (Consolidated - Audited)**

 

*(in ![](rupee-symbol.gif) crore)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter <br> ended<br> September 30,** | **Quarter <br> ended<br> June 30,** | **Quarter <br> ended<br> September 30,** | **Half-year ended September 30,** | **Half-year ended September 30,** | **Year ended<br> March 31,** |
| **Particulars** | **2025** | **2025** | **2024** | **2025** | **2024** | **2025** |
| **Revenue by business segment** |  |  |  |  |  |  |
| Financial Services <sup>(1)</sup> | 12320 | 11796 | 11156 | 24116 | 21971 | 45175 |
| Manufacturing | 7347 | 6804 | 6424 | 14151 | 12201 | 25207 |
| Energy, Utilities, Resources and Services | 5945 | 5742 | 5546 | 11687 | 10767 | 21710 |
| Retail <sup>(2)</sup> | 5639 | 5651 | 5446 | 11290 | 10873 | 22059 |
| Communication <sup>(3)</sup> | 5397 | 5097 | 4879 | 10494 | 9622 | 19108 |
| Hi-Tech | 3703 | 3296 | 3266 | 6999 | 6414 | 13090 |
| Life Sciences <sup>(4)</sup> | 2863 | 2745 | 3004 | 5607 | 5871 | 11831 |
| All other segments <sup>(5)</sup> | 1276 | 1148 | 1265 | 2425 | 2581 | 4810 |
| **Total** | **44490** | **42279** | **40986** | **86769** | **80300** | **162990** |
| **Less:** Inter-segment revenue | *–* | *–* | *–* | *–* | *–* | *–* |
| **Net revenue from operations** | **44490** | **42279** | **40986** | **86769** | **80300** | **162990** |
| **Segment profit before tax, depreciation and non-controlling interests:** |  |  |  |  |  |  |
| Financial Services <sup>(1)</sup> | 3059 | 2973 | 2860 | 6032 | 5472 | 11099 |
| Manufacturing | 1752 | 1416 | 1297 | 3169 | 2303 | 4856 |
| Energy, Utilities , Resources and Services | 1506 | 1437 | 1435 | 2943 | 2992 | 6097 |
| Retail <sup>(2)</sup> | 1720 | 1691 | 1768 | 3411 | 3519 | 7133 |
| Communication <sup>(3)</sup> | 1017 | 880 | 892 | 1897 | 1688 | 3341 |
| Hi-Tech | 763 | 768 | 794 | 1532 | 1608 | 3220 |
| Life Sciences <sup>(4)</sup> | 534 | 554 | 614 | 1087 | 1226 | 2663 |
| All other segments <sup>(5)</sup> | 184 | 224 | 149 | 409 | 439 | 827 |
| **Total** | **10535** | **9943** | **9809** | **20480** | **19247** | **39236** |
| **Less:** Other Unallocable expenditure | 1182 | 1140 | 1160 | 2323 | 2310 | 4812 |
| **Add:** Unallocable other income | 982 | 1042 | 712 | 2024 | 1551 | 3600 |
| **Less:** Finance cost | 106 | 105 | 108 | 211 | 214 | 416 |
| **Profit before tax and non-controlling interests** | **10229** | **9740** | **9253** | **19970** | **18274** | **37608** |

---

*<sup>(1)</sup>* *Financial Services include enterprises in Financial Services and Insurance*

<sup>(2)</sup> *Retail includes enterprises in Retail, Consumer Packaged Goods and Logistics*

*<sup>(3)</sup>* *Communication includes enterprises in Communication, Telecom OEM and Media*

*<sup>(4)</sup>* *Life Sciences includes enterprises in Life sciences and Health care*

*<sup>(5)</sup>* *All other segments include operating segments of businesses in India, Japan, China, Infosys Public Services & other enterprises in Public Services*

***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 ![](rupee-symbol.gif) crore)*

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Quarter <br> ended<br> September 30,** | **Quarter <br> ended<br> June 30,** | **Quarter <br> ended<br> September 30,** | **Half-year ended September 30,** | **Half-year ended September 30,** | **Year ended<br> March 31,** |
| **Particulars** | **2025** | **2025** | **2024** | **2025** | **2024** | **2025** |
| Revenue from operations | 36907 | 35275 | 34257 | 72182 | 67540 | 136592 |
| Profit before tax | 10469 | 8660 | 9407 | 19130 | 17535 | 35441 |
| Profit for the period | 7759 | 6114 | 6813 | 13874 | 12581 | 25568 |

---

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.

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;By order of the Board<br> for Infosys Limited<br>|
| &nbsp;&nbsp;Bengaluru, India | &nbsp;&nbsp;**Salil Parekh** |
| &nbsp;&nbsp;October 16, 2025 | &nbsp;&nbsp;*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, 2025, 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 <br> ended<br> September 30,** | **Quarter <br> ended<br> June 30,** | **Quarter <br> ended<br> September 30,** | **Half-year ended September 30,** | **Half-year ended September 30,** | **Year ended<br> March 31,** |
|  | **2025** | **2025** | **2024** | **2025** | **2024** | **2025** |
|  | **Audited** | **Audited** | **Audited** | **Audited** | **Audited** | **Audited** |
| Revenues | 5076 | 4941 | 4894 | 10018 | 9608 | 19277 |
| Cost of sales | 3516 | 3416 | 3400 | 6933 | 6659 | 13405 |
| **Gross profit** | **1560** | **1525** | **1494** | **3085** | **2949** | **5872** |
| Operating expenses | 495 | 497 | 461 | 992 | 923 | 1801 |
| **Operating profit** | **1065** | **1028** | **1033** | **2093** | **2026** | **4071** |
| Other income, net | 112 | 122 | 85 | 234 | 186 | 425 |
| Finance cost | 12 | 12 | 13 | 24 | 26 | 49 |
| **Profit before income taxes** | **1165** | **1138** | **1105** | **2303** | **2186** | **4447** |
| Income tax expense | 325 | 329 | 327 | 654 | 644 | 1285 |
| **Net profit** | **840** | **809** | **778** | **1649** | **1542** | **3162** |
| Earnings per equity share \* |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic | 0.20 | 0.20 | 0.19 | 0.40 | 0.37 | 0.76 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diluted | 0.20 | 0.19 | 0.19 | 0.40 | 0.37 | 0.76 |
| Total assets | 18064 | 17447 | 16928 | 18064 | 16928 | 17419 |
| Cash and cash equivalents and current investments | 5005 | 4089 | 3488 | 5005 | 3488 | 4321 |

---

*\** *EPS is not annualized for the quarter and half year ended September 30, 2025, quarter ended June 30, 2025 and quarter and half year ended September 30, 2024.*

Certain statements in this release concerning our future growth prospects, our future financial or operating performance, the McCamish cybersecurity incident, and the United States H-1B visa program are forward looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these 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 working model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, the outcome of pending litigation, the amount of any additional costs resulting directly or indirectly from the McCamish cybersecurity incident, the outcome of the government investigation, the timing, implementation, duration and effect of the September 19, 2025 proclamation signed by the president of the United States related to the H-1B visa program, and the effect of current and any future tariffs. Important 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, 2025. These filings are available at www.sec.gov. 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.