Infosys Q2 profit reported at Rs 7,823 crore; Rs 26 interim dividend announced
What happened
According to Telugu media reports (Eenadu, Samayam Telugu), Infosys posted a second-quarter profit of Rs 7,823 crore and announced an interim dividend of Rs 26 per share. Samayam Telugu's headline also says the company lowered its revenue guidance.
When it started
The reports cover Infosys's second-quarter (Q2) results. The exact publication date is not stated in the material provided.
How it spread
Samayam Telugu reports that profit rose 6% year-on-year. Its headline says the dividend will be credited directly to shareholders' bank accounts. Goodreturns reports that the results missed expectations and that brokerage firms revised their ratings.
Why it matters
The results drew attention because they fell short of market expectations, and brokerages changed their ratings in response. Goodreturns also asks whether investors should buy now, but this explainer does not give investment advice.