Infosys Share Price Falls Over 3% After Q2 Results. Should You Buy, Sell Or Hold The IT Stock?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Infosys share price fell over 3% in early trade on Monday after the company reported softer Q2 earnings.
- ✓The stock dropped to Rs 1,109.70 on the BSE.
- ✓While net profit rose slightly to Rs 7,823 crore, the firm cut its full-year revenue growth guidance, which worried many investors today.
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Infosys share price fell over 3% in early trade on Monday after the IT major reported softer Q2 earnings. The IT stock declined as much as 3.88% to Rs 1,109.70 apiece on the BSE.
The second largest IT services company, Infosys, reported 0.7% rise consolidated net profit to Rs 7,823 crore in the September quarter from Rs 7,769 crore in the June quarter.
The company's revenue in Q2FY27 rose 2.1% to Rs 49,244 crore from Rs 48,211 crore, quarter-on-quarter (QoQ). In US Dollar terms, revenue grew 1.3% sequentially of to $5,145 million. Infosys reported constant currency revenue growth of 1.2%. AI now formed 10.5% of the overall topline.
At the operational front, EBIT was up 1.6% QoQ to Rs 10,330 crore, while EBIT margin stood at 21% from 21.1% in the June quarter.
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