Over the past one-week leading IT service companies have reported lackluster June 2025 quarter results and investors on Dalal Street did not expect anything different from Infosys. The company reported its results after the close of Wednesday trading. The Infosys stock ended Wednesday trade 0.9 % lower at Rs 1556.
Performance in the June 2025 quarter
Infosys grew its revenues on a constant currency basis by 2.6 % quarter-on-quarter to Rs 42, 279 crore in the June 2025 quarter. Last week, Wipro reported a 2 % quarter – on – quarter constant currency decline in its key IT services revenues at Rs 22,080 crore in the first quarter of FY 26.
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And HCL Tech reported revenues of Rs 30,349 crore in the June 2025 quarter, and on a constant currency basis revenue was down 0.8 % quarter – on – quarter.
However, Infosys’ core consolidated operating profit margin at 23.5 % in the June 2025 quarter and it declined nearly 60 basis points on a q-o-q basis. Higher operating costs also resulted in Wipro’s core consolidated operating profit margin shrinking 130 basis points q-o-q to 19.4 % in the June 2025 quarter.
Similarly, HCL Tech‘s core operating profit margin was 19.9 % in the June 2025 quarter, a fall of 150 basis points on a q-o-q basis.
Meanwhile, Infosys’ consolidated net profit at Rs 6,924 crore in the June 2025 quarter declined nearly 1.6 % on a q-o-q basis. And Wipro’s consolidated net profit at Rs 3,336.5 crore in the first quarter of FY26 declined 7 % q-o-q. HCL Tech’s net profit was Rs 3,844 crore in the June 2025 quarter, a fall of 10.8 % on a q-o-q basis.
Infosys like its peers has marginally upgraded its guidance for FY 26 – it now expects revenue growth on a constant currency basis at 1 – 3 %. Infosys while declaring its results for fourth quarter of FY25 in April 2025 had provided for a guidance in revenue growth of 0%-3% in constant currency during FY 26.
Infosys also had large deal TCV of $ 3.8 billion in the June 2025 quarter vis-à-vis $ 2.6 billion in the March 2025 quarter.
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