Infosys stock drops four percent after company shares second quarter results

Infosys shares dropped nearly four percent in morning trade on the BSE on Monday, October 26, after the major IT company released its results for the September quarter of financial year 2027.

Financial Results

The stock opened at 1,119.05 rupees compared to its previous close of 1,154.50 rupees and fell by 3.9 percent to touch a low of 1,109.70 rupees during the day. For the second quarter, the firm posted a net profit of 7,823 crore rupees, marking a 6.23 percent increase compared to the same period last year. Net revenue from operations reached 49,244 crore rupees for the quarter, rising from 44,490 crore rupees recorded in the year-ago period.

Growth Metrics

Revenue grew by 1.2 percent on a sequential basis in constant currency terms. On an annual basis, the constant currency revenue growth stood at 1.5 percent.

Context

Quarterly earnings reports regularly influence share prices as investors evaluate corporate profits and revenue growth against market expectations. IT companies in India track currency movements closely since a large portion of their earnings comes from international clients.