Infosys Q2 Results Live Updates: IT major likely to see muted revenue growth, margins to remain flat

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₹1,490.50 apiece on the BSE, lower than previous close of ₹1,493.65 apiece. On NSE, Infosys shares opened at ₹1,491.90.Infosys is likely to report a net profit of ₹6,422.5 crore in Q2Fy24, registering a growth of 8% from ₹5,945 crore in the April-June quarter of FY24. The net profit is expected to grow 6.7% YoY."We expect steady deal-wins and conservative commentary on the demand environment.

We expect Infosys to maintain its revenue (1-3.5 per cent) and margin (20-22 per cent) guidance for FY24," said Nuvama Institutional Equities.Infosys is expected to report soft numbers for the July-September quarter of the current financial year (Q2FY24) mostly because of demand slowdown in key markets. Experts and brokerage firms expect Infosys to report a single-digit year-on-year (YoY) growth in revenue. On a quarter-on-quarter (QoQ) basis, revenue could come flat.

Management commentary on deal pipelines and the ramp-up of deal wins would be in focus.Infosys may report a muted revenue growth of 0.8% QoQ in CC (constant currency) terms due to continued demand slowdown while the recently signed mega deals may not contribute significantly as of now. However, analysts believe Infosys’ deal TCVs (total contract values) should look attractive due to multiple mega wins recently. Infosys' Q2 revenue may grow 5.2% YoY in the Indian rupee terms.