INFOSYS REVENUE
Ather rides to profit; Pronto's US AI play
Ather Energy swung to profit in the July-September quarter. This and more in today’s ETtech Top 5.
AI services lift IT companies’ Q2 earnings: TCS doubles YoY intake, Infy reports 29% QoQ rise
The latest quarterly results from India's leading IT companies demonstrate remarkable growth, primarily driven by the surge in artificial intelligence services. Tata Consultancy Services saw its AI revenue double year-over-year, and both HCLTech and Infosys reported significant increases in profits and revenues. Wipro took a more cautious approach, not disclosing AI figures but emphasizing transformation for its clients through AI solutions.
Bharat Coking Coal shares rally 5% after Q2 profit turnaround; revenue jumps 39% YoY
Bharat Coking Coal shares sharply on Monday after the Coal India subsidiary reported a turnaround to profit in Q2 FY27, with net profit at Rs 123.7 crore and revenue up 39% year-on-year to Rs 4,412.58 crore. However, first-half production declined, while technical indicators pointed to continued weakness in the stock.
Infosys shares fall 4% after IT major lowers FY27 guidance. What are Goldman Sachs, Nomura, others saying?
Infosys shares fell sharply on Monday after the IT major cut its FY27 revenue growth guidance to 1-2% from 1.5-3%, citing pricing pressure and a challenging demand environment. While Nomura remains bullish, Goldman Sachs, Morgan Stanley, Citi and Choice Institutional Equities flag growth concerns, with differing ratings and target prices.
AI efficiencies shield Q2 IT margins from transatlantic macro headwinds
HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 basis points to 16.5%, LTM’s edged up 10 basis points to 15.6%, and LTTS’ expanded 60 basis points to 16.3%.
Stocks in news: Infosys, Kotak Mahindra Bank, YES Bank, Raymond, BPCL, Coforge and Senco Gold
Indian equity markets have faced a decline for four consecutive sessions, with the Nifty falling significantly. Various factors, including selling by foreign investors and rising crude oil prices, have contributed to this downturn. Notable stocks such as Infosys and Kotak Mahindra Bank have attracted investor attention due to their quarterly earnings. Upcoming developments may influence market sentiment further as investors remain watchful.
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Infosys guidance shock may hit stock despite numbers bounce
Infosys released its quarterly results, showing good revenue growth and stable operating margins. However, the management reduced the annual revenue guidance due to competitive pressures. The company secured a significant $2 billion deal, boosting its total contract value to $5.2 billion. Despite positive performance from some sectors, weaknesses in others contributed to the cautious outlook. The market response led to a rise in the stock price, affecting valuation metrics.
Infosys Q2 net profit rises 6.2%; projects weakest growth in seven years
Revenue rose 10.7% yearly and 2.1% quarter-on-quarter to reach Rs 49,244 crore. Infosys lowered its guidance for 2026-27 to 1-2% in constant currency terms, its weakest estimate in seven years, down from an earlier range of 1.5-3%. Last quarter, it had trimmed the upper end from 3.5% earlier.
Infosys cuts FY27 guidance; Zetwerk's muted market debut
Infosys has lowered its FY27 revenue guidance despite a rise in Q2 profit. This and more in today’s ETtech Top 5.
Dr Reddy’s Q2 Results: Net profit falls 36% YoY to Rs 913 crore, revenue declines marginally
Dr Reddy’s Laboratories reported a 36% year-on-year profit decline to Rs 913.4 crore in Q2 FY27, while revenue slipped 1.5%. North America weakness pressured performance, offset partly by growth in India and emerging markets, alongside biosimilar approvals and strategic partnerships.
Infosys CEO says macro recovery looks ‘a little bit more uneven’ than expected
Infosys has lowered its FY27 revenue growth forecast to 1-2%, indicating challenges in recovering technology spending. Chief executive Salil Parekh noted uneven market conditions, with some sectors yet to experience improvement. Despite growing AI-related revenue, traditional services are facing productivity compressions as clients aim to cut costs. The company achieved large deal wins worth $3.6 billion, with most being net new business.
Infosys ADRs crash 6% after Q2 results as revenue guidance cut spooks investors
Infosys ADRs fell 6.3% after the company lowered FY27 revenue growth guidance to 1-2%, despite September-quarter revenue beating estimates. Profit missed expectations, while large deal wins and AI revenue growth offered support amid cautious technology spending.
Market wrap: Eternal, Apollo Hospital, Shriram Finance, Adani Enterprises among top gainers and losers on Nifty and Sensex on Friday
Indian equity markets fell for a fourth consecutive session, with the Nifty 50 closing at 22,600 and Sensex at 73,123.83. Small-cap, mid-cap and metal stocks slumped as bearish technical signals heightened concerns about further selling pressure.
Infosys dividend alert! IT major announces Rs 26 per share dividend. Check record date
Infosys has declared an interim dividend of Rs 26 per equity share for its shareholders. The record date for this dividend is set for November 3, with payment scheduled for November 11. This announcement follows a final dividend of Rs 25 per share declared in June.
Infosys Q2 Results: Profit rises 6% YoY to Rs 7,823 crore; co lowers revenue guidance
Infosys Q2 Results: IT services major Infosys Ltd on Friday reported 6% year-on-year (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.
Tata Motors CV Q2 Results: Co swings to black with Rs 1,254 crore profit; revenue jumps 37% YoY
Tata Motors CV Q2 Results: The improvement in profitability was driven by lower mark-to-market losses on investments in Tata Capital Ltd. The company reported a strong net cash position of Rs 15,900 crore as of September 30, 2026.
Infosys shares jump 3% ahead of Q2 earnings announcement. What to expect?
Infosys shares rose on Friday ahead of the IT major’s Q2 FY27 results, with analysts expecting an 11% year-on-year rise in revenue and an 8% increase in net profit. Investors will track management commentary on client spending, large deal wins and AI-led pricing pressure, alongside the company’s full-year revenue growth guidance.
Amaha to raise Rs 100 crore to expand mental healthcare network
The round also saw participation from the family offices of Shreyas Shibulal (son of Infosys cofounder SD Shibulal), who heads Micelio — an early-stage clean mobility fund, Ashish Bharat Ram, chairman and managing director of SRF, and Bengaluru-based entrepreneur Adarsh Jalan. Alteria Capital is providing the debt financing.
Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC India
Indian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index saw a decline, with analysts pointing out critical resistance and support points. Numerous companies disclosed their financial results, showcasing a mix of profits and setbacks for the September quarter. As various firms prepare to announce their quarterly earnings, market participants should remain vigilant over the coming days.
Infosys Q2 results preview: Will the results provide oomph to surging IT stocks?
Infosys is set to report an 11% rise in year-on-year revenues and an 8% increase in net profits. However, the company may lower its full-year revenue outlook due to declining discretionary spending and mounting pricing challenges. Analysts foresee sequential revenue growth driven by acquisitions and enhanced operating margins. The upcoming earnings report will be pivotal, offering valuable insights into client expenditures and potential recovery in demand.
₹4 lakh crore rally, ₹6,500 crore FII buying: Are IT stocks finally making a comeback?
Indian IT stocks experienced a notable market value recovery of approximately ₹3.87 lakh crore in October. Foreign investors invested around ₹6,463 crore in the IT sector during the third quarter. The Nifty IT index rose about 17 percent in October after a previous decline of roughly 20 percent. Analysts caution that despite selective buying, the sector faces a challenging earnings environment ahead.
Eternal’s strong Q2 report; Exits outpace hiring at top IT firms
Happy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
Software majors delete 24,000 jobs across IT and engineering in a year
Over the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,000 exits, in line with the industry's normal attrition rate of 11-15%. However, with exits outpacing hiring of new employees in the IT and engineering functions in five of the last six months, overall intake over the 12 months fell by 24,422 to 68,000, data from staffing firm Xpheno showed.
Jefferies sees valuation upside in select IT stocks despite muted growth forecast
Jefferies has identified opportunities for further valuation gains in selected Indian IT stocks. While the sector experienced a sharp rally in October, growth expectations remain muted. Analysts suggest that lack of negative surprises could drive valuations higher. Infosys and TCS were noted for potential rerating, with target prices increased. The worst-case scenario involves stagnant growth beyond fiscal year 2029 for IT companies.
Missed reversal in IT stocks? Jefferies gives 3 ideas with up to 50% re-rating potential
Jefferies sees further valuation upside in Indian IT stocks despite a muted sector growth outlook. Infosys and TCS offer over 20% rerating potential, while Sagility could deliver more than 50% in a best-case scenario. The brokerage raised target prices for Infosys and TCS, citing scope for growth expectations to stabilise.
How Byju’s parent funded Aakash rights issue; Zetwerk IPO fully subscribed
Happy Dussehra! Byju’s parent used money repaid by Great Learning to back Aakash’s rights issue. This and more in today’s ETtech Morning Dispatch.
Mutual fund holdings of IT stocks sink to record low in September
Indian mutual funds decreased their investment in Information Technology stocks amid worries about artificial intelligence disruption and reduced client spending. The sector's weight in equity assets dropped significantly, affecting major companies like Infosys and TCS. While some fund managers reduced holdings, others increased their investments in select stocks such as Infosys and TCS. The Nifty IT index experienced substantial losses but saw a rebound recently, improving investor sentiment.
Federal Bank appoints Cognizant’s Rajesh Varrier as independent director
Federal Bank has appointed Rajesh Varrier as a non-executive independent director on its board. This decision follows the announcement of the bank's impressive financial results for the September quarter. Varrier serves as president of global operations at Cognizant and brings extensive management experience. The bank reported a significant rise in net profit and net interest income in comparison to last year.
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