Additional information

Ratio Analysis
Particulars Quarter ended Nine months ended Year ended
December 31 December 31 March 31
2021 2020 2021 2020 2021
Financial performance (%)
Export revenue / revenue 97.0 97.4 97.2 97.2 97.1
Cost of Sales / revenue 67.2 64.7 66.8 65.1 65.1
Gross profit / revenue 32.8 35.3 33.2 34.9 34.9
Selling and marketing expenses / revenue 4.2 4.4 4.3 4.6 4.6
General and administrative expenses / revenue 5.2 5.5 5.3 5.8 5.8
Selling and marketing, general and administrative
expenses / revenue 9.3 9.9 9.6 10.4 10.4
Aggregate employee costs / revenue 51.3 54.4 53.0 55.4 55.3
Operating profit / revenue 23.5 25.4 23.6 24.5 24.5
Other income / revenue 1.6 2.4 1.9 2.2 2.2
Profit before tax (PBT) / revenue 24.9 27.6 25.3 26.6 26.5
Tax / revenue 6.7 7.5 6.8 7.2 7.2
Effective tax rate - Tax / PBT 26.7 27.1 27.1 27.2 27.1
Profit after tax (PAT) / revenue 18.3 20.1 18.4 19.3 19.3
Operating cash flows / revenue 18.5 23.5 20.8 24.2 24.0
Balance sheet
Day’s sales outstanding (Days) (USD terms) 71 73 71 73 71
Consolidated cash and investments / total assets (%) (2) 29.2 32.7 29.2 32.7 35.7
Consolidated cash and investments / revenue (%) (2) 27.5 34.0 27.5 34.0 38.5
Return
Return on equity (%) (USD terms) 30.4 27.4 30.4 27.4 27.4
Per share
Basic EPS (`) 13.86 12.25 38.96 33.65 45.61
Price / earnings, end of the period (1) 36.8 28.7 36.8 28.7 30.0
Book value (`)(3) 166 169 166 169 180
Market capitalization / revenue, end of the period (1) 6.9 5.5 6.9 5.5 5.8
Note: The above ratio calculations are based on consolidated IFRS INR financial statements.
(1)
Represents number of times
(2)
Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in unquoted
equity and preference shares, unquoted compulsorily convertible debentures and others. (Non-IFRS measure)
(3)
The buyback of equity shares through the stock exchange commenced on June 25, 2021 and was completed on September 8, 2021. During this
buyback period, the Company had purchased and extinguished a total of 55,807,337 equity shares from the stock exchange at a volume weighted
average buy back price of `1,648.53/- per equity share comprising 1.31% of the pre buyback paid-up equity share capital of the Company.

Infosys Limited | 1
 Operating profit / revenue Profit after tax (PAT) / revenue
(in %) (in %)

Quarter ended December 31, 2021 23.5 Quarter ended December 31, 2021 18.3
Quarter ended December 31, 2020 25.4 Quarter ended December 31, 2020 20.1
Year ended March 31, 2021 24.5 Year ended March 31, 2021 19.3

ROE (PAT / average equity) (USD terms) Consolidated cash and investments / total assets(1)
(in %) (in %)
Quarter ended December 31, 2021 30.4 Quarter ended December 31, 2021 29.2
Quarter ended December 31, 2020 27.4 Quarter ended December 31, 2020 32.7
Year ended March 31, 2021 27.4 Year ended March 31, 2021 35.7

Basic EPS Price / earnings end of the year(2)

(in `) (in `)

Quarter ended December 31, 2021 13.86 Quarter ended December 31, 2021 36.8
Quarter ended December 31, 2020 12.25 Quarter ended December 31, 2020 28.7
Year ended March 31, 2021 45.61 Year ended March 31, 2021 30.0

(1)
Consolidated cash and investments comprise of cash and cash equivalents, current and non-current investments excluding investments in unquoted
equity and preference shares, unquoted compulsorily convertible debentures and others. (Non-IFRS measure)
(2)
Represents number of times

2 | Infosys Limited
Statement of comprehensive income
(In ` crore except per share data)
Particulars Three months ended Nine months ended Quarter-
December 31, December 31, on-quarter
2021 2020 2021 2020 Growth
Revenues 31,867 25,927 89,365 74,161 22.9%
Cost of Sales 21,415 16,777 59,726 48,250 27.6%
Gross profit 10,452 9,150 29,639 25,911 14.2%
Operating expenses :
Selling and marketing expenses 1,325 1,145 3,809 3,427 15.7%
General and administration expenses 1,643 1,416 4,771 4,302 16.0%
Total operating expenses 2,968 2,561 8,580 7,729 15.9%
Operating profit 7,484 6,589 21,059 18,182 13.6%
Other income, net (1) 459 562 1,508 1,512 (18.3%)
Profit before income taxes 7,943 7,151 22,567 19,694 11.1%
Income tax expense 2,121 1,936 6,116 5,349 9.6%
Net profit (before minority interest) 5,822 5,215 16,451 14,345 11.7%
Net profit (after minority interest) 5,809 5,197 16,425 14,275 11.8%
Basic EPS (`) 13.86 12.25 38.96 33.65 13.1%
Diluted EPS (`) 13.83 12.23 38.88 33.59 13.1%
Other income is net of Finance Cost
(1)

Balance sheet data

(In ` crore)
Particulars December 31, 2021 March 31, 2021
Cash and cash equivalents 15,943 24,714
Current investments 4,147 2,342
Trade receivables 22,569 19,294
Property, plant and equipment 13,344 13,623
Non current investments 12,066 11,863
Other assets 41,008 36,550
Total assets 1,09,077 1,08,386
Total liabilites 39,299 31,604
Total equity 69,778 76,782
Total liabilities and equity 1,09,077 1,08,386

Statement of comprehensive income

(in US $ millions, except per equity share data)
Particulars Three months ended Nine months ended Quarter-
December 31, December 31, on-quarter
2021 2020 2021 2020 Growth
Revenues 4,250 3,516 12,031 9,948 20.9%
Cost of sales 2,856 2,275 8,041 6,471 25.5%
Gross profit 1,394 1,241 3,990 3,477 12.3%
Operating expenses:
Selling and marketing expenses 177 156 513 459 13.5%
Administrative expenses 219 192 642 577 14.1%
Total operating expenses 396 348 1,155 1,036 13.8%
Operating profit 998 893 2,835 2,441 11.7%
Other income, net (1) 61 77 203 203 (20.8%)
Profit before income taxes 1,059 970 3,038 2,644 9.2%
Income tax expense 283 263 823 718 7.6%
Net profit (before minority interest) 776 707 2,215 1,926 9.8%
Net profit (after minority interest) 774 705 2,211 1,916 9.9%
Basic EPS ($) 0.18 0.17 0.52 0.45 11.2%
Diluted EPS ($) 0.18 0.17 0.52 0.45 11.2%
Other income is net of Finance Cost
(1)

Infosys Limited | 3
Balance sheet data
(in US $ millions)
Particulars December 31, 2021 March 31, 2021
Cash and cash equivalents 2,145 3,380
Current investments 558 320
Trade receivables 3,036 2,639
Property, plant and equipment 1,796 1,863
Non current investments 1,623 1,623
Other assets 5,515 5,000
Total assets 14,673 14,825
Total liabilites 5,286 4,323
Total equity 9,387 10,502
Total liabilities and equity 14,673 14,825

4 | Infosys Limited
Shareholder information
Registered office
Electronics City, Hosur Road, Bengaluru 560 100, India
Tel.: +91-80-2852-0261, Fax: +91-80-2852-0362
Homepage: www.infosys.com
Listing on stock exchanges
In India: The BSE Limited (BSE), and National Stock Exchange of India Ltd. (NSE)
Outside India: New York Stock Exchange (NYSE)
Par value of equity shares
` 5/- each fully paid-up
Registrar and share transfer agent
Share transfers in physical form and other communication regarding share certificate, dividends, change of address, etc.
may be addressed to:
KFin Technologies Private Limited,
Registrars and Share Transfer Agents;
Selenium Tower B, Plot 31 & 32,
Financial District, Nanakramguda,
Serilingampally Mandal
Hyderabad-500 032
Tel.: 1800-309-4001
Stock market data relating to shares listed in India
a. The company’s market capitalization is included in the computation of the BSE-30 Sensitive Index (Sensex), the BSE Dollex
and S&P CNX NIFTY Index.
b. Monthly high and low quotations as well as the volume of shares traded at BSE and NSE for the quarter ended December 31,
2021, are as follows:
Particulars BSE NSE Total Volume
High (`) Low (`) Volume (No.) High (`) Low (`) Volume (No.) (BSE & NSE)
(No.)
October 2021 1,848.25 1,661.25 1,06,40,935 1,848.00 1,661.05 14,44,40,594 15,50,81,529
November 2021 1,808.65 1,669.55 35,81,770 1,808.95 1,669.15 10,45,26,424 108108194
December 2021 1,913.00 1,690.00 51,93,486 1,909.80 1,691.50 10,94,72,023 114665509
Total 1,94,16,191 35,84,39,041 37,78,55,232
Volume traded/average Q3 FY
outstanding shares (%) 2022 0.56 10.29 10.85
Q3 FY
2021 1.01 19.84 20.85

The number of shares outstanding are 348,21,19,239. American Depositary Shares (ADSs) have been excluded for the purpose
of this calculation.
Share transfer system
Shares sent for physical transfer are effected after giving a notice of 15 days to the seller for sale confirmation.
The total number of shares transferred in physical form during the quarter ended December 31, 2021 was Nil.
Investor services – Complaints Received
Nature of complaints Quarter ended
December 31, 2021 December 31, 2020
Received Attended to Received Attended to
Dividend/annual report related/others 1,104 1,100* 423 423
* The Company/share transfer agent received high volumes of investor complaints in the last 2 days of quarter closure. All pending complaints were
addressed and resolved by January 7, 2022.
The company has attended to most of the investors’ grievances/correspondences within a period of 10 days from the date of receipt
of the same, during the quarter ended December 31, 2021 except in cases that are constrained by disputes or legal impediments.
Legal Proceedings
There are some pending cases relating to disputes over title to shares, in which the company has been made a party. However,
these cases are not material in nature.

Infosys Limited | 5
Categories of shareholders as on December 31, 2021
Category No. of Voting strength No. of shares
shareholders (%) held
Promoter And Promoter Group
Indian Promoters and Promoter Group 24 13.12 55,16,82,338
Total Promoters holding (A) 24 13.12 55,16,82,338
Public Shareholding
Institutional investors
Mutual funds 38 12.79 53,79,43,484
Banks and financial institutions 13 0.02 8,89,247
Insurance companies 33 3.20 13,43,82,049
Alternative Investment Funds 50 0.30 1,24,34,051
Foreign Institutional Investors and Foreign Portfolio Investors 1,369 33.17 1,39,51,91,465
Others – –
Non-institutional investors
Indian public 18,54,189 10.60 44,58,56,866
NBFCs registered with RBI 24 0.05 19,81,897
Overseas Depositories (holding DRs)* 1 17.20 72,34,98,719
Others (Trusts, NRIs, OCBs etc.) 41,443 9.21 38,73,03,122
Total Public Shareholding (B) 18,97,160 86.54 3,63,94,80,900
Non-Promoter-Non-Public Shareholding
Employee Benefit Trust 1 0.34 1,44,54,720
Total Non-Promoter-Non-Public Shareholding (C) 1 0.34 1,44,54,720
Total (A+B+C) 18,97,185 100 4,20,56,17,958
* Held by beneficial owners outside India.
Financial calendar (tentative and subject to change)
Financial results
Quarter ending March 31, 2022 April 13, 2022

Investors’ correspondence
For queries relating to financial For investor correspondence : For queries relating to shares/dividends/
statements : Compliances :
Jayesh Sanghrajka, Sandeep Mahindroo, A.G.S. Manikantha,
Deputy Chief Financial Officer Financial Controller Company Secretary
Infosys Limited Infosys Limited Infosys Limited
Electronics City, Hosur Road, Electronics City, Hosur Road, Electronics City, Hosur Road,
Bangalore-560 100, India, Bangalore-560 100, India, Bangalore-560 100, India,
Tel. : +91-80-2852-1705 Tel. : +91-80-3980-1018 Tel. : +91-80-4116-7779
Fax : +91-80-2852-0754 Fax : +91-80-2852-0362 Fax : +91-80-2852-0362
E-mail : jayesh.sanghrajka@infosys.com E-mail : sandeep_mahindroo@infosys.com E-mail : investors@infosys.com

Stock exchange codes

Reuters Code Bloomberg code Exchange
INFY.BO (BSE) INFO IB (BSE) INFY (BSE)
INFY.NS (NSE) INFO IS (NSE) INFY(NSE)
INFY.K (NYSE) INFY US (NYSE) INFY (NYSE)

6 | Infosys Limited
Stock market data relating to American Depositary Shares (ADSs)
a. ADS listed at :NYSE
b. Ratio of ADS to equity shares: One ADS for one equity share
c. ADS symbol : INFY
d. The American Depositary Shares issued under the ADS program of the company were listed on the NASDAQ National Market
in the US on March 11, 1999. We had withdrawn the listing of our ADSs from NASDAQ and listed the same in the New York
Stock Exchange. With effect from December 12, 2012, we transferred the listing of our ADSs from the NASDAQ to NYSE.
Also, the Company began trading of its ADSs on NYSE Euronext’s (NYX) London and Paris markets on February 20, 2013.
The Company’s shares were delisted from Euronext Paris and Euronext London effective July 5, 2018 primarily due to the
low average daily trading volume of Infosys ADSs on Euronext Paris and Euronext London, which is not commensurate
with the related administrative requirements. The monthly high and low quotations as well as the volume of ADSs traded
at the NYSE for the quarter ended December 31, 2021 are:
High Low Volume at NYSE
$ ` $ `
October 2021 24.28 1,828.04 21.73 1,629.10 220,018,610
November 2021 24.09 1,794.22 22.14 1,654.08 125,880,092
December 2021 25.60 1,910.02 21.89 1,646.57 117,992,241
Total 463,890,943
Note: 1 ADS = 1 equity share. USD has been converted into Indian rupees at the daily closing rates for high and low respectively. The number of
(1)

ADSs outstanding as on December 31, 2021 was 72,34,98,719. The percentage of volume traded to the total float was 64%
ECS mandate and change of address
The Company has received complaints regarding non-receipt of dividend warrants and other corporate communication.
All shareholders are requested to update their bank account details and current address with their respective depositories
immediately. This would enable the Company to serve its investors better.

Safe Harbor
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the
COVID-19 impact on our employees, clients and stakeholders 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 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 COVID-19 and the effects of government
and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United
States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings,
fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors
which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals,
time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry
segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus
areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic
investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal
restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general
economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional
risks that could affect our future operating results are more fully described in our United States Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2021. 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.

Infosys Limited | 7