1 Peer Comparison & Ranking of INFY; 2 Currency Synopsis: Indian Rupees (INR) Peer Comparison & Ranking of INFY PEER COMPARISON: INFY IN INDICES Infosys Ltd. is a constituent of the following indices. Its market capitalization is $49 billion and accounts for 21.4% of the combined MCap of the BSE Information Technology Index. Index Name MCap of Index ($ b) INFY MCap as % of Index BSE Information Technology Index 227 21.4 BSE Teck Index 409 11.9 BSE SENSEX Index 1,608 3.0 Nifty Index 2,048 2.4 BSE 100 Index 2,639 1.8 BSE 200 Index 3,512 1.4 BSE 500 Index 4,177 1.2 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: Infosys Ltd. vs Indian Market Out of 3,948 stocks in the Indian Market, Infosys Ltd. is ranked sixteenth(16) by Net Profit $, Twenty-third(23) by P/Earnings, Twenty-fourth(24) by P/Sales and Forty-seventh(47) by Price/Net Tangible Assets. Indian Avg INFY INFY Rank Net Profit $ 254.1 M 3.1 B 16 P/Earnings 20.3x 15.4x 23 P/Sales 2.1x 2.5x 24 Price/Net Tangible Assets 2.6x 6.4x 47 Yield (%) 1.1 4.2 62 ROE (%) 3.4 31.6 160 ROA (%) 3.1 18.9 190 P/Earnings/ Growth 7.7x 1.4x 241 EBITDA Margin% 29.3 24.5 736 Premium to 52-Wk Low (%) 10.4 16.4 944 EPS Growth YOY (%) 2.6 10.98 1401 Discount to 52-Wk High (%) 44.3 32.4 1741 Total Debt/Equity (the lower the better) 0.5x 0.3x 1905 Negative values are shown in brackets. Stock in Index and Stock in Sector Description INFY BSE SENSEX Index % of BSE SENSEX Index IT consulting & software sector % of IT consulting & software sector Net Profit $ 3.1 B 80.8 B 3.8 13.7 B 22.5 Revenue $ 19.2 B 584.3 B 3.3 93.3 B 20.5 Total Assets $ 16.3 B 2,460.1 B 0.7 82.5 B 19.8 MCap $ 48.6 B 1,607.7 B 3.0 277.7 B 17.5 Relative Valuation Indicators: Stock vs Index and Stock vs Sector Description INFY BSE SENSEX Index Avg. IT consulting & software sector Avg. Price/Earnings 15.4 19.9 19.5 P/Earnings/Growth 1.4 1.45 3.15 Yield (%) 4.2 1.54 3.75 Price/Net Tangible Assets 6.43 1.84 7.95 Total Debt/Equity (the lower the better) 0.33x 0.18x 0.21x MARKET SHARE Infosys Ltd. vs It Consulting & Software sector [It Consulting & Software sector Total in Brackets] Revenue of ₹1,829.7 billion ($19.2 billion)[20.8% of aggregate sector revenue of ₹8,810.1 billion; up from 20.4% in the previous year.] Net Profit of ₹294.4 billion ($3.1 billion) [22.7% of aggregate sector net profit of ₹1,298.1 billion; up from 21.5% in the previous year.] LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best] Infosys Ltd. is ranked number 2 out of 68 listed it consulting & software companies in the India with a market capitalization of ₹4,637.8 billion ($48.6 billion). In the it consulting & software companies it has the 2nd highest total assets and 2nd highest revenues. Within its sector it has a relatively low P/E of 15.4 and low P/E/G of 1.4. It has a strong relative ROE of 31.6% and ROA of 18.9%. The company paid a dividend of ₹23.0 in the last twelve months. The dividend yield is high at 4.2%. Finally, its earnings growth in the past 12 months has been a comparatively high 11%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1. Currency Synopsis: Indian Rupees (INR) % Change of INR vs Currency Basket Period-Based In the past year the Indian Rupee fell 8.1% against the US Dollars; in the past three years the Indian Rupee fell 13.5% against the US Dollars. Last Country 1-day % 1-week % 1-Year % 3-Yrs % INR1=0.01USD United States Of America -0.3 0.2 -8.1 -13.5 INR1=0.07CNY China -0.3 0.1 -13.7 -20.2 INR1=1.669JPY Japan - 0.9 -0.9 -5.5 INR1=0.009EUR European Union -0.1 0.7 -8.5 -19.8 INR1=14.475KRW South Korea -0.5 -0.6 -9.0 -9.6 INR1=0.013SGD Singapore -0.2 0.3 -9.2 -18.9 INR1=0.018NZD New Zealand - 0.5 -9.7 -13.9 INR1=0.008GBP United Kingdom 0.1 0.7 -9.0 -19.8 INR1=0.015AUD Australia -0.2 -0.5 -17.1 -22.6 INR1=0.082HKD Hong Kong -0.3 0.1 -7.4 -13.5 INR1=0.008CHF Switzerland -0.1 1.4 -8.2 -21.3 INR1=0.015CAD Canada -0.2 1.0 -7.9 -11.6 INR1=0.1SEK Sweden 0.2 1.1 -8.6 -25.1 INR1=0.098NOK Norway -0.1 0.8 -15.4 -24.3 INR1=0.178MXN Mexico 0.1 0.4 -16.5 -12.5 1 Financials as Reported Q1 2025-26, Past 10 Years Financials as Reported Q1 2025-26, Past 10 Years Financials as reported (Quarter ending 30 June 2026) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In INR Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (Quarter ending 30 June 2026) Description INR Million INR Million Jun 30 2026 2025 Change % Revenues 482,110 422,790 Up 14.0 Cost of sales 330,330 292,240 Up 13.0 Gross profit 151,780 130,550 Up 16.3 Operating expenses Selling and marketing expenses 25,680 22,080 Up 16.3 Administrative expenses 24,470 20,440 Up 19.7 Total operating expenses 50,150 42,520 Up 17.9 Operating profit 101,630 88,030 Up 15.4 Other income net 9,840 10,420 Down 5.6 Finance cost 1,190 1,050 Up 13.3 Profit before income taxes 110,280 97,400 Up 13.2 Income tax expense 32,530 28,160 Up 15.5 Net profit 77,750 69,240 Up 12.3 Other comprehensive income Items that will not be reclassified subsequently to profit or loss Remeasurement of the net defined benefit liability/asset net 2,960 -700 Recovery Equity instruments through other comprehensive income net 600 350 Up 71.4 3,560 -350 Recovery Items that will be reclassified subsequently to profit or loss Fair value changes on derivatives designated as cash flow hedge net 490 60 Up 716.7 Exchange differences on translation of foreign operations -940 10,190 Deterioration Fair value changes on investments net 600 1,230 Down 51.2 150 11,480 Down 98.7 Total other comprehensive income/(loss) net of tax 3,710 11,130 Down 66.7 Total comprehensive income 81,460 80,370 Up 1.4 Profit attributable to: Owners of the Company 77,690 69,210 Up 12.3 Non-controlling interests 60 30 Up 100.0 77,750 69,240 Up 12.3 Total comprehensive income attributable to: Owners of the Company 81,420 80,240 Up 1.5 Non-controlling interests 40 130 Down 69.2 81,460 80,370 Up 1.4 Earnings per equity share Equity shares of par value Basic ₹19.19 ₹16.70 Up 14.9 Diluted ₹19.17 ₹16.68 Up 14.9 Weighted average equity shares used in computing earnings per equity share Basic (in shares) 4,047,692,701 4,143,971,592 Down 2.3 Diluted (in shares) 4,052,877,757 4,150,497,004 Down 2.4 BALANCE SHEET AS REPORTED (Quarter ending 30 June 2026) Description INR Million INR Million Jun 30, 2026 Mar 31, 2026 Change % ASSETS Current assets Cash and cash equivalents 216,450 222,010 Down 2.5 Current investments 79,240 129,500 Down 38.8 Trade receivables 337,810 352,340 Down 4.1 Unbilled revenue 166,490 154,830 Up 7.5 Prepayments and other current assets 162,630 157,030 Up 3.6 Income tax assets 18,390 18,350 Up 0.2 Derivative financial instruments 3,930 830 Up 373.5 Total current assets 984,940 1,034,890 Down 4.8 Non-current assets Property plant and equipment 134,430 133,310 Up 0.8 Right-of-use assets 61,110 61,770 Down 1.1 Goodwill 147,260 121,170 Up 21.5 Intangible assets 46,030 28,250 Up 62.9 Non-current investments 87,430 89,300 Down 2.1 Unbilled revenue 19,650 17,380 Up 13.1 Deferred income tax assets 21,460 22,640 Down 5.2 Income tax assets 7,340 6,660 Up 10.2 Other non-current assets 38,930 44,300 Down 12.1 Total non-current assets 563,640 524,780 Up 7.4 Total assets 1,548,580 1,559,670 Down 0.7 LIABILITIES AND EQUITY Current liabilities Trade payables 43,870 47,440 Down 7.5 Lease liabilities 34,070 31,600 Up 7.8 Derivative financial instruments 440 5,930 Down 92.6 Current income tax liabilities 69,480 56,440 Up 23.1 Unearned revenue 115,710 118,380 Down 2.3 Employee benefit obligations 36,680 35,240 Up 4.1 Provisions 16,360 15,120 Up 8.2 Other current liabilities 212,500 213,070 Down 0.3 Total current liabilities 529,110 523,220 Up 1.1 Non-current liabilities Lease liabilities 53,300 60,160 Down 11.4 Deferred income tax liabilities 20,000 16,790 Up 19.1 Employee benefit obligations 1,180 1,170 Up 0.9 Other non-current liabilities 29,430 25,360 Up 16.0 Total non-current liabilities 103,910 103,480 Up 0.4 Total liabilities 633,020 626,700 Up 1.0 Equity Share capital - t5 par value 4800000000 (4800000000) equity shares authorized issued and outstanding 4049645811 (4046940812) equity shares fully paid up net of 7933019 (8650911) treasury shares as at June 30 2026 (March 31 2026) 20,250 20,240 Up Share premium 18,940 18,390 Up 3.0 Retained earnings 774,780 776,340 Down 0.2 Cash flow hedge reserves 300 -190 Recovery Other reserves 28,060 48,240 Down 41.8 Capital redemption reserve 2,190 2,190 Steady Other components of equity 66,550 63,310 Up 5.1 Total equity attributable to equity holders of the Company 911,070 928,520 Down 1.9 Non-controlling interests 4,490 4,450 Up 0.9 Total equity 915,560 932,970 Down 1.9 Total liabilities and equity 1,548,580 1,559,670 Down 0.7 CASH FLOW AS REPORTED (Quarter ending 30 June 2026) Description INR Million INR Million Jun 30 2026 2025 Change % Operating activities Net Profit 77,750 69,240 Up 12.3 Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization 12,460 11,400 Up 9.3 Income tax expense 32,530 28,160 Up 15.5 Finance cost 1,190 1,050 Up 13.3 Interest and dividend income -3,350 -3,580 Improved 6.4 Exchange differences on translation of assets and liabilities net -270 2,850 Deterioration Impairment loss recognized/(reversed) under expected credit loss model -20 340 Deterioration Stock compensation expense 2,330 2,360 Down 1.3 Provision for post sale client support and other provisions -1,710 -1,770 Improved 3.4 Other adjustments 4,750 3,320 Up 43.1 Changes in working capital Trade receivables and unbilled revenue 8,380 -19,450 Recovery Prepayments and other assets 1,410 7,140 Down 80.3 Trade payables -3,730 -6,730 Improved 44.6 Unearned revenue -2,680 200 Deterioration Other liabilities and provisions -9,660 8,190 Deterioration Cash generated from operations 119,380 102,720 Up 16.2 Income taxes paid -21,110 -18,740 Deterioration 12.6 Net cash generated by operating activities 98,270 83,980 Up 17.0 Investing activities Expenditure on property plant and equipment and intangibles net of sale proceeds -7,760 -8,650 Improved 10.3 Deposits placed with corporation -4,640 -3,950 Deterioration 17.5 Redemption of deposits placed with corporation 2,040 1,270 Up 60.6 Interest and dividend received 1,340 3,110 Down 56.9 Payment for acquisition of business net of cash acquired -32,260 -6,320 Deterioration 410.4 Payment of contingent consideration pertaining to acquisition of business -60 Other receipts 120 Payments to acquire Investments Quoted debt securities -14,260 -16,520 Improved 13.7 Mutual fund units -196,440 -172,370 Deterioration 14.0 Certificates of deposit -16,910 -27,340 Improved 38.1 Commercial paper -13,400 -1,490 Deterioration 799.3 Other investments -1,730 -120 Deterioration 1,341.7 Proceeds on sale of investments Quoted debt securities 12,340 29,980 Down 58.8 Mutual fund units 214,350 157,460 Up 36.1 Certificates of deposit 46,500 48,310 Down 3.7 Commercial paper 25,750 38,500 Down 33.1 Other investments 70 Net cash generated from investing activities 14,930 41,990 Down 64.4 Financing activities Payment of lease liabilities -9,390 -7,060 Deterioration 33.0 Payment of dividends -101,260 -91,200 Deterioration 11.0 Loan repayment of acquired entities -8,120 Shares issued on exercise of employee stock options 10 10 Steady Other payments -380 -520 Improved 26.9 Net cash used in financing activities -119,140 -98,770 Deterioration 20.6 Net increase/(decrease) in cash and cash equivalents -5,940 27,200 Deterioration Effect of exchange rate changes on cash and cash equivalents 380 2,840 Down 86.6 Cash and cash equivalents at the beginning of the period 222,010 244,550 Down 9.2 Cash and cash equivalents at the end of the period 216,450 274,590 Down 21.2 Source: Infosys Ltd.'s website: https://www.infosys.com/investors.html, company (Infosys Ltd.), Ticker(INFY) Download INFOSYS LTD. Financials Past 10 Years Description (March 31) 2026 2025 2024 2023 2022 Income Statement Sales (B) 1,829.7 1,665.9 1,583.8 1,494.7 1,239.4 Other Revenue (B) 43.2 36 47.1 27 22.9 EBITDA (B) 449 424.2 406.7 375.5 335.9 Depreciation (B) 49 48.1 46.8 42.2 34.8 Tax (B) 105.2 108.6 97.4 92.1 79.6 Net profit (B) 294.4 267.1 262.3 240.9 221.1 EPS 71.58 64.5 63.39 57.63 52.52 Balance Sheet Equity Share Capital (B) 928.5 958.2 881.2 754.1 753.5 Total Debt (B) 306.6 263.6 253.2 268.6 167.1 Total Assets (B) 1,559.7 1,489 1,378.1 1,258.2 1,178.8 Current Asset (B) 1,034.9 971 894.3 708.8 671.9 Fixed Asset (B) 126.5 117.8 123.7 133.5 130.8 Working Capital (B) 511.7 542.5 506.4 316.9 335.8 Cash Flow Operating Cash Flow (B) 339.9 356.9 252.1 224.7 238.8 Investing Cash Flow (B) 19.5 (19.5) (50.1) (12.1) (64.2) Financing Cash Flow (B) (397.9) (241.6) (175) (266.9) (246.4) Net Cash Flow (B) (38.5) 95.9 27 (54.4) (71.7) Description (March 31) 2021 2020 2019 2018 2017 Income Statement Revenue per share 189.91 163.52 313 Other Revenue (B) 22 28 33.1 EBITDA (B) 298.9 249 221.3 216.5 Depreciation (B) 32.7 28.9 18.6 17 Tax (B) 72 53.7 56.3 42.4 56 Net profit (B) 193.5 165.9 154 160.3 143.5 EPS 45.61 38.97 35.44 35.53 31.39 Balance Sheet Equity Share Capital (B) 763.5 654.5 649.5 649.2 689.8 Total Debt (B) 167.2 111 69.5 Total Assets (B) 1,083.9 927.7 847.4 798.9 833.5 Current Asset (B) 607.3 545.8 528.8 500.2 537 Fixed Asset (B) 125.6 124.3 133.6 101.2 97.5 Working Capital (B) 368.7 337.2 342.4 359.1 396.9 Cash Flow Operating Cash Flow (B) 23.2 170 158.4 132.2 115.3 Investing Cash Flow (B) (74.6) (2.4) (15.8) 44.5 (145.4) Financing Cash Flow (B) (97.9) (175.9) (145.1) (205.1) (69.4) Net Cash Flow (B) (149.2) (8.3) (2.5) (28.4) (99.5) Source: Infosys Ltd.'s website: https://www.infosys.com/investors.html, company (Infosys Ltd.), Ticker(INFY)