Infosys cuts FY27 growth guidance after Q2 results
Infosys cut FY27 revenue growth guidance to 1%-2% from 1.5%-3% after Q2 revenue rose 2.1% sequentially to ₹49,244 crore. EBIT margin guidance stayed at 20%-22%, while futures open interest showed long build-up.
pre-market2 sources ↓machine-written, see hownot a recommendation
- INFY close
- ₹1,168
- On the day
- +3.30%
- Futures OI, long build-up
- +7.8%
- Put-call ratio
- 0.82
- Max pain
- ₹1,100
Infosys reported September-quarter revenue broadly in line with expectations, but reduced its FY27 revenue growth guidance to 1%-2% from the earlier 1.5%-3% range. The company maintained its EBIT margin guidance at 20%-22%, making the outlook reset the main market takeaway from the 23 Oct 2026 results.
FY27 guidance cut
- Revenue was ₹49,244 crore, up 2.1% sequentially and close to the CNBC-TV18 poll estimate of ₹49,194 crore.
- US dollar revenue rose 1.3% sequentially to $5,145 million, slightly below the poll estimate of $5,151 million.
- EBIT increased 1.6% sequentially to ₹10,330 crore, below the poll projection of ₹10,470 crore.
The result was broadly aligned with analyst expectations, but the narrower full-year growth range signals continued uncertainty around discretionary technology spending and client demand. Maintaining the 20%-22% margin outlook provides stability on profitability, while the lower revenue range keeps attention on deal conversion, client budgets and the pace of large transformation programmes in the IT sector 💻.
OI Charts data showed the stock at ₹1,168 on 21 Oct 2026, up 3.3% on the session, with volume of 18,597,997 shares. It had gained 10.0% over five sessions and 12.5% over 20 sessions, while the 52-week range was ₹980.40 to ₹1,728. Futures open interest rose 7.8% alongside the price, indicating a long build-up. The futures premium was 0.17%, and the put-call ratio stood at 0.82.
In the derivatives setup, the ₹1,200 strike had the largest call open interest and ₹1,160 the largest put open interest. Max pain was ₹1,100 for the 27 Oct 2026 expiry, with six days remaining as of the market-data session. The next focus is management commentary on demand, whether the revised guidance is conservative or reflects weaker bookings, and how positioning changes around the ₹1,100 max-pain level and the ₹1,200 call-interest zone. 📅
The result follows the pre-earnings expectations reported by BusinessLine, which had projected modest Q2 growth and warned that demand uncertainty could pressure FY27 guidance.
Source: BusinessLine, 18 Oct 2026; CNBC-TV18, 23 Oct 2026
Not investment advice. For informational purposes only.