Infosys Q2 Results Live Updates: Infosys Q2 net profit jumps 6% YoY to Rs 7,823 crore, revenue rises 11%; co declares interim dividend of Rs 26/sh

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Business News›Markets›Stocks›Live Blog›Infosys Q2 Results Live Updates: Infosys Q2 net profit jumps 6% YoY to Rs 7,823 crore, revenue rises 11%; co declares interim dividend of Rs 26/sh LIVE BLOG Infosys Q2 Live Updates Synopsis Q2 Results Today Live: IT services major Infosys reports 6% YoY growth in its consolidated net profit at Rs 7,823 crore in the second quarter, as compared to Rs 7,364 crore in the year-ago period. The company trims its revenue growth guidance to 1-2% in constant currency for FY27 as against 1.5-3% given earlier. Infosys Q2 revenue from operations increases 11% YoY to Rs 49,244 crore. The company also declared an interim dividend of Rs 26 per share and fixed November 3, 2026 as a record date for the same. The results were broadly in line with Street expectations on revenue, although profit growth came below estimates. An average of seven brokerages had projected an 11% rise in revenue and an 8% increase in net profit for the quarter. On a sequential basis, net profit edged up 0.7% from Rs 7,769 crore in the June quarter, while revenue increased 2% from Rs 48,211 crore. Operating profit increased 10.4% year-on-year to Rs 10,330 crore from Rs 9,353 crore. Operating margin stood at 21%, unchanged from a year earlier and marginally lower than 21.1% in the June quarter. Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance Tata Motors CV Q2 Results: Automaker swings to black with Rs 1,254 crore profit; revenue jumps 37% YoY IndusInd Bank Q2 Results: Lender posts profit of Rs 1,176 crore vs Rs 445 crore loss a year ago Show more 1 New Update - Salil Parekh, CEO and MD, Infosys - Jayesh Sanghrajka, CFO, Infosys - Among business segments, life sciences reported the strongest constant-currency growth of 32.5% YoY, followed by energy, utilities, resources and services at 7.3%. - Financial services revenue grew 2.1% in constant currency terms, while communication recorded growth of 4.1%. - However, the hi-tech business declined 17.3% YoY, while retail revenue fell 7.7% in constant currency terms. Manufacturing revenue declined 0.7%. - Geographically, Europe recorded constant-currency growth of 4.6%, while North America, which accounted for 54.6% of revenue, declined 1.5%. "Our AI revenue was at 10.5% and grew 29% quarter-on-quarter. As enterprises move to AI adoption at scale, the strong growth in AI revenues is a recognition of our differentiated market positioning and client confidence," Parekh said. Despite the cautious revenue outlook, Infosys reported strong large deal bookings during the quarter. Total contract value of large deals stood at $5.2 billion, with new business accounting for 62% of the total. The bookings included a mega deal valued at more than $2 billion. Infosys cited a challenging demand environment as a reason for lowering its guidance. The Bengaluru-based company retained its operating margin guidance of 20-22% for the full financial year. The company declared an interim dividend of Rs 26/- per equity share, fixed November 3, 2026 as a record dateand November 11, 2026 as a payout date. IT services major Infosys Ltd on Friday reported 6% YoY growth in its consolidated net profit at Rs 7,823 crore in the second quarter. The same stood at Rs 7,364 crore in the year-ago period. The company has trimmed its revenue growth guidance to 1-2% in constant currency for FY27 as against 1.5-3% given earlier. - Profit at Rs 1242 crore vs loss of Rs 437 crore YoY - NII at Rs 4569 cr vs Rs 4410 cr, up 3.6% YoY Following receipt of all regulatory approvals, the tender offer has commenced and will remain open foracceptance until 26 October 2026. At Iveco’s Extraordinary General Meeting held on 16 October 2026, shareholdersapproved all proposed resolutions. Subject to successful completion of the tender offer, the settlement is scheduled for30 October 2026. "On the Iveco transaction, we are progressing steadily towards completion, within the indicated timeline of end October.As we prepare for consolidation from next quarter, our priorities are clear: seamless integration, unlocking strategicopportunities and creating sustained value for the long term." CFO GV Ramanan said. "Q2FY27 marked another strong quarter in our journey of consistent, profitable growth. Wholesale volumes grew 42%, with broad-based growth across segments, reflecting healthy underlying demand and disciplined execution. With H1FY27 volumes up 35% , were main well positioned for a robust FY27, even as growth rates are expected to moderate in these conditionsagainst a higher base." MD & CEO Girish Wagh said. - Girish Wagh, MD & CEO, Tata Motors - Domestic and export volumes were up 30% and 177% YoY, respectively. - Overall domestic CV VAHAN market share for H1 FY27 stood at 36.2%, up 110 bps from FY26. - Category-wise market shares: HCV 55.7%, ILMCV 36.3%, SCV PU 27.6%, and CV Passenger 41.1%. The company partnered with Welspun Renewable Energy Private Limited to Develop 86 MW wind-solar hybrid project. - Profit at Rs 1,257 crore vs net loss of Rs 867 crore Rev at Rs 23,930 cr vs Rs 16,861 cr, up 50% YoY - Profit at Rs 236 crore vs Rs 184 crore, up 28.3% YoY - NII at Rs 698 crore vs Rs 596 crore 17% YoY - Profit at Rs 774 crore vs Rs 638 crore, up 21.3% - Revenue at Rs 15,270 crore vs Rs 12,108, up 42.7% JSW Steel reported a consolidated net profit of Rs 5,279 crore for the July-September quarter of the ongoing financial year 2027, marking a sharp 225% year-on-year surge from the 1,623 crore reported in the corresponding quarter of the previous financial year. Read more The company reported an EBITDA or earnings before interest, tax, depreciation and amortization of Rs 8,231 crore, an improvement of 60% from Rs 5,150 crore reported in the same quarter in the previous year. The company said it is advancing its capacity expansion programme to add 23,720 MW of new thermal power capacity. Execution of the 1,320 MW Korba Phase-II Supercritical Thermal Power Project and the 1,600 MW Mahan Phase-II Ultra-Supercritical Thermal Power Project is in the advanced stages. Meanwhile, the 1,600 MW Raipur Phase-II and 1,600 MW Raigarh Phase-II ultra-supercritical thermal power projects have each achieved more than 65% progress in less than 30 months since work began. Both projects are scheduled for commissioning in FY29. S B Khyalia, CEO of Adani Power Limited, said the company continues to make progress in profitability and project execution. He added that the company is focused on ensuring a timely supply of reliable, high-quality power to meet India's growing baseload requirements. Geopolitical developments and climate-related uncertainties have further highlighted the importance of domestic coal-based power in meeting India's long-term electricity needs, he said. - Profit at Rs 5,279 cr vs Rs 1,623 cr, surging 225% YoY - Revenue at Rs 54,486 cr vs Rs 45,152 cr YoY Thermal power producer Adani Power on Friday reported a 134% year-on-year (YoY) jump in consolidated net profit to Rs 6,919 crore for the second quarter of FY27, compared with Rs 2,953 crore in the year-ago period. Read more The brokerage expects revenue to grow 1.7% quarter-on-quarter in constant-currency terms and 1.5% in US dollar terms, including a 0.5% contribution from acquisitions and a 0.5% benefit from the absence of a provision made in the previous quarter. EBIT margin is likely to expand by 30 basis points sequentially. We expect Infosys to lower its FY27 revenue growth guidance to 1.0–2.5% year-on-year in constant-currency terms, from the earlier range of 1.5–3%, while retaining its margin guidance. Updates on the growth outlook for the third and fourth quarters will be key to watch. - Profit at Rs 412 crore vs Rs 287 crore, up 43.6% - Revenue at Rs 540 crore vs Rs 377 crore, up 43.2% - EBITDA margin at 14.2% vs 12.9% Infosys is expected to report quarter-on-quarter constant-currency revenue growth of around 1.8%, including organic growth of approximately 1.1%, supported by contributions from the Optimum and Stratus acquisitions. Growth is likely to remain weighted towards the first half of the financial year, in line with the trend observed in previous years. The brokerage forecasts organic constant-currency revenue growth of 1.1%, with around 50 basis points of growth coming from the reversal of a headwind experienced in the previous quarter. Underlying organic growth is expected to remain modest amid AI-led deflationary pressures and weak demand. The Optimum Healthcare acquisition is likely to contribute approximately 50 basis points through full-quarter consolidation. Margins are expected to remain stable. - Expect Infosys to report 1.2% cc QoQ growth, -20bps cross-currency impact translates to a growth of 1% in USD terms. - This includes ~0.5% contribution from Optimum acquisition and reversal in base of 50bps due to client termination. - Deal wins expected to be healthy – in line with usual trends. Run-rate for bookings expected to be c. USD 2.5–3bn. - Expect margins to increase by 30bps sequentially. - Tailwinds– Project Maximus, higher costs in base due to client termination. Headwind – investments in business. Sterlite Technologies (STL) on Friday reported a 12,817% year-on-year surge in net profit to Rs 517 crore for the September quarter, compared with Rs 4 crore in the corresponding period last year. The sharp increase was driven by strong demand for optical connectivity products, improved margins and a one-time gain from a tariff refund. The brokerage expects a revision of the CC revenue growth band to 1.5-2.5% yoy, via a 50bps cut at the upper end, taking the mid-point 25bps lower to 2.0% (ex Versent acquisition, pending closure), with EBITM guidance retained at 20-22%. Infosys’ revenue growth has consistently been underwhelming, but on a like-for-like basis, the company continues to perform in line with its larger peers, with no clear evidence of structural market share losses. The constructive outlook is supported by two key factors: a strong AI capacity build-out that positions Infosys to capture a greater share of enterprise AI-led transformation spending as budgets expand, and an attractive valuation that already factors in subdued near-term growth. Its vertical mix is also expected to support growth, with management projecting EURS and Financial Services to lead the way through FY27. The appointment of an internal candidate as CEO designate further signals leadership continuity and stability. The BNP maintains an Outperform rating on Infosys, although it now prefers TECHM within the sector. The brokerage expects +1.4% CC revenue growth q-q including organic contribution of c0.5%, revenue reversal benefit of c0.5% from the previous quarter and inorganic contribution of c0.4%. Vertical-wise, we expect healthy growth driven by BFSI and EURS verticals, partly offset by weakness in Communication, Automotive and Retail verticals, impacted by lower volumes. The brokerage expects EBIT margin to expand by c19bp q-q as we expect tailwinds from operational efficiencies and favourable cross-currency benefits will be partly offset by headwinds from investments in AI. - Net Profit falls 62% YoY to Rs 154 crore - Revenue at Rs 1,935 cr vs Rs 740 cr YoY Price as on 12.19.21 PM, Click on company names for their live prices. Despite modest revenue growth, Infosys is expected to post an improvement in operating profitability, supported by cost efficiencies and the absence of certain expenses recorded in the previous quarter. Emkay Global Financial Services estimates that the company’s earnings before interest and tax (EBIT) margin will expand by 50 basis points sequentially. Brokerages expect Infosys to report sequential constant-currency revenue growth of 1.1% to 1.3% in the September quarter, supported in part by acquisitions and the reversal of a revenue headwind that weighed on the previous quarter. The key focus of Infosys’ Friday earnings announcement will be whether the company further trims its FY27 revenue growth outlook. In its June-quarter results, the IT services major had lowered the upper end of its constant-currency revenue growth guidance to 3% from 3.5%, while retaining the lower end at 1.5%. Infosys is projected to post an 11% year-on-year (YoY) increase in revenue and an 8% rise in net profit for the September quarter, based on the average estimates of seven brokerages. However, analysts anticipate that the country’s second-largest IT services provider may cut its full-year revenue growth guidance amid subdued discretionary spending, AI-driven pricing pressures and delays in client decision-making.