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Shares of Infosys Ltd declined sharply in early trade on Friday, April 24, falling as much as 5% as investors reacted to the company’s March quarter (Q4 FY26) earnings announced after market hours on Thursday. The stock was trading at ₹1,178.50, down ₹62.10 or 5.01% intraday, while it has slipped nearly 7.81% over the past month, reflecting continued pressure on IT stocks.The weakness in the stock came despite the company reporting a healthy rise in profitability. Infosys posted a 20.8% year-on-year increase in consolidated net profit at ₹8,501 crore for the January–March quarter. Revenue from operations also rose 13.4% to ₹46,402 crore compared to ₹40,925 crore in the same period last year. However, on a sequential basis, revenue growth remained muted at 2%, with constant currency growth coming in slightly lower, raising concerns over demand visibility amid macroeconomic uncertainty and cautious spending on AI-led projects.For the full financial year 2025-26, Infosys reported a 10.20% rise in net profit to ₹29,440 crore, while revenue increased 9.6% to ₹1,78,650 crore, indicating steady but unspectacular growth in a challenging global environment. The company’s board recommended a final dividend of ₹25 per equity share. The record date for dividend eligibility has been fixed as June 10, 2026, with the payout scheduled for June 25, 2026. Infosys also highlighted that it returned over ₹37,500 crore to shareholders during FY26 through a combination of interim dividends and share buybacks.Brokerages offered a mixed outlook following the results. While analysts broadly termed the performance as in line to slightly below expectations, some expressed caution over near-term growth prospects. Citi flagged a weak quarter, noting that both revenue and EBIT margins fell short of estimates. On the other hand, Nomura maintained a bullish stance on the stock, reiterating its ‘buy’ rating and raising the price target to ₹1,640 from ₹1,630 earlier, implying an upside potential of around 33% from previous closing levels. Infosys continues to remain Nomura’s top pick among large-cap IT stocks.The broader IT sector also witnessed selling pressure, with shares of Tata Consultancy Services and Wipro Ltd falling alongside Infosys. The decline of over 3.5% across major IT names suggests persistent investor concerns over slowing global demand, delayed deal closures, and cautious enterprise spending, particularly in discretionary technology investments. Overall, while Infosys delivered strong profit growth and maintained shareholder returns, subdued revenue momentum and uncertain demand outlook continue to weigh on investor sentiment in the near term.

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