Infosys saw a market cap increase of ₹28,493.27 crore, bringing its total market cap to ₹7,86,444.27 crore as of Friday’s close. The last traded share price on Friday was ₹1,829.95, reflecting a weekly gain of approximately 3.76% from Monday’s close of ₹1,763.65.
Infosys declared its Q2 results on October 17, 2024, revealing a year-over-year topline increase of 5.11%, with profit rising by 4.73%. Compared to the previous quarter, revenue grew by 4.25%, while profit saw a modest increase of 2.17%.
The Selling, General & Administrative expenses declined by 2.31% quarter-over-quarter but showed an increase of 5.32% year-over-year, indicating improved cost management strategies. Operating income showed positive momentum, up by 4.36% quarter-over-quarter and 4.53% year-over-year, reflecting operational efficiency in a competitive market.
The Earnings Per Share (EPS) for Q2 stood at ₹15.84, marking a 4.29% increase year-over-year, which is likely to bolster investor confidence with consistent profitability.
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