Overview

• Infosys posted Q2 FY26 net profit of ₹7,364 crore and revenue of ₹44,490 crore, raised FY26 constant‑currency growth guidance to 2–3%, kept margin outlook at 20–22%, and declared a ₹23 interim dividend.
• Wipro reported Q2 net profit of ₹3,246 crore, down 2.5% sequentially, with revenue at ₹22,697 crore, large‑deal bookings up 90% year on year, and Q3 IT services revenue guidance of –0.5% to +1.5% in constant currency.
• Infosys recorded $3.1 billion in large deal wins with 67% net new and reiterated capital returns with a previously approved ₹18,000 crore buyback alongside the dividend.
• Axis Bank’s standalone profit fell 26% year on year to ₹5,090 crore as provisions rose to ₹3,547 crore, including a one‑time ₹1,231 crore charge tied to discontinued crop‑loan variants after an RBI advisory, while gross NPA eased to 1.46% and net NPA to 0.44%.
• Broker commentary turned selective, with Motilal Oswal maintaining a Neutral view on Axis Bank and analysts flagging AI adoption, H‑1B visa changes, tariff uncertainty and discretionary tech spend as key variables for H2.