The City-based company is also working on utilising other levers like increasing onsite recruitment to mitigate the situation in the longer term.

"Initial estimate of potential impact for us because of increased visa costs was about 0.3 percent impact on the margins. But over the last couple of days, we have got clarification that the increased costs apply on new visas and not for amendments and transfers," Infosys President and COO U B Pravin Rao said.

The company's operating profit margins were at 24.8 percent at the end of the December 2015 quarter.

Infosys remains confident of holding onto an operating profit margin of about 25 percent on the back of a strong deal pipeline and returns from investment in new technologies.

US, under under the 9/11 Health and Compensation Act, has imposed a special fee of USD 4,000 on certain categories of H-1B visas and USD 4,500 on L1 visas.

Almost all Indian IT companies would pay between USD 8,000 and USD 10,000 per H1B visa from April 1, when the next annual H1B visa filing session starts, thus making it quite economically unsustainable for them.

According to Indian IT body Nasscom, this is expected to have an impact of about USD 400 million annually on India's technology sector.

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