Overview

• Infosys posted Q2 FY26 net profit of Rs 7,364 crore on revenue of Rs 44,490 crore, tightened FY26 constant-currency growth guidance to 2–3%, and held operating margin at 21%.
• The board declared an interim dividend of Rs 23 per share and has an Rs 18,000 crore share buyback proposal pending shareholder approval.
• Large-deal bookings at Infosys totalled about $3.1 billion with roughly 67% net new, and headcount rose by 8,203 to about 3.32 lakh.
• Wipro reported Q2 net profit of Rs 3,246 crore and revenue of Rs 22,697 crore, guided IT services growth of -0.5% to +1.5% in Q3 constant currency, raised its FY26 view, and noted margins were clipped by a one-time provision.
• Bank results diverged as Axis Bank’s net profit fell 26% year-on-year to about Rs 5,090 crore on higher provisions, while Bank of Maharashtra’s profit rose 23% with a Rs 7,500 crore capital-raising plan and Indian Bank’s profit increased 11.5% with improved gross NPA at 2.60%.