Infosys and Wipro Shares Drop After Mixed Q2 Results Despite Profit Gains

Shares of India’s leading IT giants Infosys (NSE: INFY) and Wipro (NSE: WIPR) declined on Friday following quarterly results that failed to fully satisfy investor expectations, despite notable growth in profits and revenues.

Infosys shares opened 1.5% lower even as the company, India’s second-largest software services exporter, reported a 13% year-on-year rise in net profit to ₹73.6 billion ($838 million) for the September quarter. Revenue climbed 9% to ₹444.9 billion, reflecting steady demand across key verticals. The company also raised the lower end of its full-year revenue growth forecast to 2–3% in constant currency terms, signaling cautious optimism. However, market analysts described the outlook as conservative, pointing to margin pressures and slowing discretionary spending among global clients.

Meanwhile, Wipro shares plunged over 4% to ₹242.22 at market open after the company’s quarterly results disappointed investors. Wipro posted a net profit of ₹32.5 billion, up only 1.2% from the previous year, falling short of some analyst estimates. The company’s revenue increased 1.8%, but its management projected muted sequential growth for the current quarter, further weighing on sentiment.

The broader Nifty IT index slipped more than 1%, underperforming the benchmark Nifty 50, which traded mostly flat in early deals. Market experts said the decline reflected investor caution over slow recovery in global tech spending, especially in key markets like the U.S. and Europe.

Despite steady deal momentum, analysts believe India’s top IT companies face a challenging macro environment, with clients tightening technology budgets. Both Infosys and Wipro are expected to focus on cost optimization, automation, and cloud transformation to drive growth in the coming quarters.