Infosys Share Price Down Over 5%; Fresher Hiring Plan Stands at 20,000 for FY27

Infosys has indicated it will hire about 20,000 freshers in FY27, in line with its intake in the previous year FY26. The update was shared by Chief Financial Officer Jayesh Sanghrajka after the company’s March quarter results.  

The hiring plan continues despite softer demand conditions during the quarter. 

Decline in Employee Count 

The total headcount at the end of March 2026 stood at 3,28,594. This shows a sequential decline of 8,440 employees, following 6 quarters of workforce additions. On a year-on-year basis, the company added around 5,000 employees. 

Management said headcount is linked to utilisation levels and business volumes. Lower volumes during the quarter and the presence of freshers already onboarded contributed to the decline. 

Attrition and Peer Trends 

Attrition rose slightly to 12.6% on a last 12-month basis, compared with 12.3% in the previous quarter. Across peers, hiring trends varied.  

Tata Consultancy Services (TCS) reported an increase of 2,356 employees, while HCLTech added 802 and Wipro reported a smaller increase. Tech Mahindra saw a decline of about 1,993 employees. 

March Quarter Performance 

For Q4 FY26, the company reported a net profit of ₹8,501 crore, compared with ₹7,033 crore in the same period last year, a rise of 20.8%.  

Revenue from operations stood at ₹46,402 crore, up 13.4% year-on-year from ₹40,925 crore. Growth during the quarter remained moderate. 

FY27 Guidance 

Infosys has guided for revenue growth of 1.5% to 3.5% in constant currency terms for FY27. EBIT margins are expected to be in the range of 20% to 22%. 

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Infosys Share Price Performance  

As of April 24, 2026, 12:14 pm, Infosys Ltd share price was trading at ₹1,171.90, a 5.54% decrease from the previous closing price. 

Conclusion 

The company has retained its fresher hiring plan for FY27, while reporting a sequential drop in headcount and a marginal increase in attrition during the March quarter. 

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