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Business News/ Companies / Company Results/ Q2 Results LIVE Updates: Infosys net profit rises 4.7% to ₹6,506 crore, Wipro posts 21% surge in PAT to ₹3,209 crore

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Q2 Results LIVE Updates: Infosys net profit rises 4.7% to ₹6,506 crore, Wipro posts 21% surge in PAT to ₹3,209 crore

3 min read . Updated: 17 Oct 2024, 05:38 PM IST

Ankit Gohel, Vaamanaa Sethi

Q2 Results LIVE Updates: Infosys, India's second-largest software exporter, posted a 5% increase in its consolidated net profit, reaching ₹6,506 crore in the second quarter. Meanwhile, Wipro reported a 21% increase in net profit, reaching ₹3,209 crore for the quarter ending September 2024.

Q2 Results LIVE Updates: Infosys net profit rises 4.7% to ₹6,506 crore, Wipro posts 21% in PAT to ₹3,209 crore. (Unsplash) — Q2 Results LIVE Updates: Infosys net profit rises 4.7% to ₹6,506 crore, Wipro posts 21% in PAT to ₹3,209 crore. **(Unsplash)**

Q2 Results Today LIVE Updates:Infosys, India's second-largest software exporter, recorded a 5% rise in consolidated net profit, totaling ₹6,506 crore for the second quarter. In comparison, Wipro saw a 21% surge in net profit, reaching ₹3,209 crore for the quarter ending September 2024.

17 Oct 2024, 05:38:32 PM IST

Q2 Results Today Live: Wipro CEO and Managing Director, Srini Pallia, said

Q2 Results Today Live: "Based on strong execution in Q2, we met our expectations for revenue growth, bookings, and margins. We continued to expand our top accounts, large deal bookings surpassed $1 Bn once again, and Capco maintained its momentum for another consecutive quarter."

17 Oct 2024, 05:23:13 PM IST

Q2 Results Today Live: LTIMindtree revenue rises 5%

Q2 Results Today Live: LTIMindtree quarterly revenues reached $1.1 billion, reflecting a year-on-year increase of 5% and a quarter-on-quarter rise of 3%.

17 Oct 2024, 04:52:18 PM IST

Q2 Results Today Live: LTIMindtree board approves interim divide

Q2 Results Today Live: The company's board has approved an interim dividend of ₹20 per share, with October 25 set as the record date. The dividend will be distributed within 30 days of the announcement.

17 Oct 2024, 04:46:02 PM IST

Q2 Results Today Live: LTIMindtree net profit rises 8% on year to ₹1,251 crore

Q2 Results Today Live: IT services company LTIMindtree posted an 7.7% year-on-year increase in its consolidated net profit, reaching ₹1,251 crore for the quarter ending September 2024. Meanwhile, revenue from operations grew 6% year-on-year to ₹9,433 crore during the same period.

17 Oct 2024, 04:35:49 PM IST

Q2 Results Today Live: Wipro board announces 1:1 bonus share issue

Q2 Results Today Live: Wipro’s Board of Directors recommended issue of bonus shares to shareholders (including stock dividend to ADS holders) in the ratio of 1:1 (1 equity share for every 1 equity share held), subject to approval of shareholders.

17 Oct 2024, 04:29:54 PM IST

Q2 Results Today Live: Infosys announces dividend of ₹21 per share

Q2 Results Today Live: Infosys' board has announced an interim dividend of ₹21 per share for eligible shareholders alongside its second-quarter results, setting October 29 as the record date for this purpose.

17 Oct 2024, 04:09:08 PM IST

Q2 Results Today Live: Wipro net profit surges 21% to ₹3,209 crore

Q2 Results Today Live: IT firm Wipro, on Thursday, posted a 21 per cent surge in its net profit to ₹3,209 crore.

17 Oct 2024, 03:58:21 PM IST

Q2 Results Today Live: Infosys net profit rises 4.7% to ₹6,506 crore

Q2 Results Today Live: IT major Infosys posted 4.7% rise in its net profit to ₹6,506 crore.

17 Oct 2024, 03:42:29 PM IST

Q2 Results Today Live: Infosys stock closed 2.84 per cent higher ahead of earnings

Q2 Results Today Live: Infosys share price closed Thursday's trading session 2.84 per cent higher at ₹1,974.55.

17 Oct 2024, 02:45:17 PM IST

Q2 Results Today Live: Infosys net profit likely to rise over 5% QoQ

Q2 Results Today Live: Infosys’ net profit in Q2FY25 is expected to see 5.86% growth to ₹6,741 crore from ₹6,368 crore in Q1FY25.

17 Oct 2024, 02:26:23 PM IST

Q2 Results Today Live: Wipro revenue, margins estimated to be flat

Q2 Results Today Live: Most D-Street analysts and domestic brokerages have estimated decent net profit growth for Wipro. However, the IT major’s margin and revenue are likely to be flat due to softer deals and the impact of the one-month wage hike. An average of brokerage estimates indicates that Wipro's net profit is likely to rise between 9-12%, while revenue may drop 2%.

17 Oct 2024, 02:06:55 PM IST

Q2 Results Today Live: Wipro board to consider bonus issue with Q2 results

Q2 Results Today Live: Wipro, India's fourth-largest information technology (IT) services company will hold its board meeting today, October 17, 2024, to consider its earnings results for the July-September quarter of fiscal 2024-25 (Q2FY25). Wipro’s board of directors will also consider a proposal for a bonus issue of shares in the upcoming board meeting later today.

17 Oct 2024, 01:46:57 PM IST

Q2 Results Today Live: Revenue expected to grow 3.74% QoQ to ₹40,785 crore

Q2 Results Today Live: Infosys, the second largest IT service company in India, is estimated to report a growth in revenue led by large deal wins, but margins are likely to be stable. In the second quarter ended September 2024, Infosys’ revenue is expected to grow 3.74% to ₹40,785 crore from ₹39,315 crore in the previous quarter. In USD terms, the IT major’s Q2 revenue is estimated to rise 3.2% to $4,865 million from $4,714 million, quarter-on-quarter (QoQ), according to a Livemint poll of eight brokerages.

17 Oct 2024, 01:34:23 PM IST

Q2 Results Today Live: 36 companies to announce earnings today

Q2 Results Today Live: A total of 36 companies will announce their financial results for the second quarter of FY25 today. The companies that will declare Q2 results today include Infosys, Wipro, Axis Bank, LTIMindtree, Nestle India, Tata Chemicals, Tata Communications, Indian Overseas Bank, Central Bank of India, Havells India, Jindal Stainless, Ceat and Polycab India, among others.

17 Oct 2024, 01:12:49 PM IST

Q2 Results Today Live: Infosys, Wipro and LTI Mindtree to declare earnings today

Q2 Results Today Live: IT majors Infosys, Wipro and LTI Mindtree are set to announce their financial results for the second quarter of FY25 today, October 17.

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