Infosys Q2 Results Live: Profit Rise by 4.73% YoY

Infosys Q2 Results Live : Infosys declared their Q2 results on 17 Oct, 2024, revealing a topline increase of 5.11% year-over-year, with profit rising by 4.73%. Compared to the previous quarter, revenue grew by 4.25%, while profit saw a modest increase of 2.17%.

In terms of expenses, the Selling, General & Administrative expenses declined by 2.31% quarter-over-quarter but showed an increase of 5.32% year-over-year. This decline may indicate improved cost management strategies implemented by the company.

Operating income also showed positive momentum, up by 4.36% quarter-over-quarter and increased by 4.53% year-over-year, suggesting that the company is maintaining operational efficiency amid a competitive market.

The Earnings Per Share (EPS) for Q2 stood at ₹15.84, reflecting a year-over-year increase of 4.29%. This growth in EPS is likely to bolster investor confidence as it demonstrates consistent profitability.

Infosys has delivered impressive returns recently, with a 2.56% return in the last week, 39.45% over the past six months, and a year-to-date return of 28.28%. These figures indicate strong performance in the stock market.

Currently, Infosys boasts a market capitalization of ₹815167.4 Cr, with a 52-week high of ₹1991.45 and a low of ₹1344.08. This stability in market cap positions the company favorably in the tech sector.

As of 18 Oct, 2024, among 41 analysts covering the company, the ratings are mixed: 1 analyst has given a Strong Sell rating, 3 have rated it as Sell, 11 as Hold, 15 as Buy, and 11 as Strong Buy. The consensus recommendation is to Buy, indicating overall positive sentiment among analysts.