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1 / 8Infosys | India’s second-largest IT services exporter reported a near 5% rise in its second-quarter net profit and raised revenue guidance for the year on broad-based recovery in demand, particularly from its key financial industry clients. Consolidated net profit of ₹6,506 crore in July-September — the second quarter of the current 2024-25 fiscal year — was 4.7% higher than the year-ago earnings and 2.2% more than the net profit in the preceding quarter.
2 / 8Axis Bank | The bank reported an 18% growth in net profit to ₹6,918 crore in the second quarter ended September 2024. The private sector lender had earned a net profit of ₹5,864 crore in the same quarter a year ago. Its total income increased to ₹37,142 crore during the quarter under review against ₹31,660 crore in the same period last year. The bank earned an interest income of ₹30,420 crore during the quarter compared to ₹26,626 crore a year ago.
3 / 8Wipro | IT company reported a 21.2% increase in its consolidated net profit to ₹3,208.8 crore for the second quarter of FY25. It had reported a profit of ₹2,646.3 crore in the year-ago period. The revenue from operations for the reporting quarter was ₹22,301.6 crore, a 0.95% decline from ₹22,515.9 crore in Q2 FY24. The company’s board approved a 1:1 bonus share — 1 equity share having a face value of ₹2 each for every 1 fully paid-up equity share held (including ADS holders) to the eligible equity shareholders of the company as of the record date.
4 / 8LTIMindtree | The company reported a consolidated net profit of ₹1,251 crore, reflecting a year-on-year increase of 7.7% from ₹1,161.8 crore reported in the same period last year. Sequentially, the profit grew by 10.33%. The Mumbai-based IT services provider posted consolidated revenue from operations of ₹9,432.9 crore for the quarter, up nearly 6% from ₹8,905.4 crore in Q2 FY24, and a 3.2% increase from ₹9,142.6 crore in Q1 FY25.
5 / 8Polycab India | Electrical goods company reported a 3.6% year-on-year (YoY) increase in net profit at ₹445.2 crore for the second quarter of September 30, 2024. In the corresponding quarter of the previous fiscal, Polycab India posted a net profit of ₹429 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹452 crore for the quarter under review.
6 / 8Tata Communications | The company reported a 3% year-on-year (YoY) increase in net profit at ₹227.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Tata Communications posted a net profit of ₹220.6 crore, the company said in a regulatory filing. The company’s revenue from operations rose 18.4% to ₹5,767 crore as against ₹4,872.5 crore in the corresponding period of the preceding fiscal.
7 / 8Tata Chemicals | The company reported a 46.1% year-on-year (YoY) decline in net profit at ₹267 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Tata Chemicals posted a net profit of ₹495 crore, the company said in a regulatory filing. The company’s revenue from operations was flat at ₹3,999 crore as against ₹3,998 crore in the corresponding period of the preceding fiscal.
8 / 8Zomato | The company announced that its board will review raising funds through qualified institutional placements (QIP) on October 22, as per a regulatory filing. The board will also approve the company’s second-quarter results on the same day, with an earnings call scheduled for 5 p.m. IST.
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