Q2FY25 Results: Infosys’ net profit rises to Rs 6506 crore, dividend of Rs 21 per share declared

New Delhi| Infosys Ltd’s net profit rose 2.2 per cent to Rs 6,506 crore in Q2 FY25. It was Rs 6,368 crore in the same quarter of the previous financial year. India’s leading IT company’s revenue rose 4.2 per cent quarter-on-quarter to Rs 40,986 crore between July and September. Infosys raised its full-time revenue growth forecast to 3.75 – 4.5 percent, up from 3-4 percent announced in July.

The company has also declared an interim dividend of Rs 21 per share by fixing the record date on 29 October and the payment date on 8 November. In FY2024, the company paid a final dividend of Rs 20 per share in addition to a special dividend of Rs 8 and an interim dividend of Rs 18.

IT giant Wipro Ltd has reported a 21 percent increase in its net profit during the second quarter of the fiscal year. The company’s net profit on quarterly basis increased from Rs 2646 crore to Rs 3209 crore in September.

The company’s consolidated revenue declined to Rs 22,302 crore in the July-September quarter from Rs 22,543 crore in the same period a year earlier. The company’s net income grew 6.8 percent on a quarterly basis (QoQ) and 21.3 percent on an annual basis (YoY). Revenue from IT services grew 1.3 percent on a quarterly basis.

Private sector Axis Bank reported a 18% increase in profit after tax (PAT). The company’s PAT reached Rs 6,918 crore in the second quarter. In the same quarter of the previous financial year, this figure was Rs 5,864 crore. The bank’s net interest income (NII) rose 9% year-on-year to Rs 13,483 crore, while its net interest margin (NIM) for Q2 FY2025 stood at 3.99%.