Infosys, Wipro results today to test investor appetite for IT stocks

Here's a look at the earnings estimates for Infosys, Wipro, Eternal and LTI Mindtree — notable companies which are declaring their second-quarter results today.

Updated on: Oct 16, 2025, 13:26:45 IST

By Tushar Deep Singh

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After mixed quarterly earnings from Tata Consultancy Services Ltd. and HCL Technologies Ltd., the focus now shifts to Infosys Ltd. and Wipro Ltd. which are going to report their second-quarter results today.

Investors will watch for signs of stability in an IT sector marred by US H-1B visa shock as well as US HIRE Act that proposes a 25% “outsourcing tax”. That, when discretionary spending by clients hasn't particularly revived even as AI threatens to upend business models and spur layoffs.

Watch out for growth guidance—as well as large-deal momentum—and the management commentary on client demand.

The NSE Nifty IT Index remains above its 50-day moving average. An upbeat management outlook could help push it toward the 100-day average.

Infosys Q2 Results Preview

Consolidated revenue of India's second largest IT services firm is seen growing 4% over the previous quarter to ₹44,008 crore, according to analysts polled by Bloomberg. Here's a look at the key estimates.

Revenue seen up 4% QoQ at ₹44,008 crore
EBIT seen up 6% QoQ at ₹9,338 crore
EBIT margin seen up 39 basis points at 21.21%
Net profit seen up 4% QoQ at ₹7,222 crore

One basis point is one-hundredth of a percentage point.

Investors will watch out for commentary on revenue growth guidance for the rest of the fiscal, as well as discretionary spending trends by US clients amid tariff shocks and prospects of interest rate cuts by the US Federal Reserve.

Also in focus would be the performance of the company's financial services vertical, as well as AI plans especially after Tata Consultancy Services Ltd. disclosed its own earlier this month.

Here's a look at other notable earnings estimates for today:

Wipro Q2 Results Preview

Revenue: ₹22,680.4 crore
EBIT: ₹3,754 crore
EBIT margin: 16.50 crore
Net profit: ₹3,278.6 crore

Eternal Q2 Results Preview

Revenue: ₹8,665 crore
EBITDA: ₹235.5 crore
EBITDA margin: 2.70%
Net profit: ₹107.5 crore

LTI Mindtree Q2 Results Preview

Revenue: ₹10,264.5 crore
EBIT: ₹1,532.00 crore
EBIT margin: 14.90%
Net profit: ₹1,287.7 crore

All the estimates are from Bloomberg.

ABOUT THE AUTHOR
Tushar Deep Singh
Tushar Deep Singh is a business journalist and digital editorial leader with 12 years of experience in financial journalism. Currently Assistant Editor at Hindustan Times, he is building the HT Business vertical and managing the newsletters for both Livemint and HT. When not in the newsroom, he can be found on a motorcycle. Throughout his career, Tushar has been instrumental in scaling digital publishing operations at some of India’s largest financial news websites. His six-year tenure at Mint—the first job—saw him plunge into online media to deliver record-breaking digital engagement for Livemint.com, including 7.2 million page views on 2017 UP Election Results day. He held fort at Livemint during a senior-level leadership transition later that year. That won him the HT Media Star Award (Bronze) in 2017 and a Certificate of Appreciation for Editorial Excellence in 2018. As the head of the digital desk at ETtech, he curated two daily, full-stack newsletters from an editorial as well as product perspective. At NDTV Profit, he transitioned from website editor to principal correspondent, reporting on the auto sector for the TV channel and website, thereby adding yet another layer to his editorial expertise. He is a post-graduate in journalism from Xavier Institute of Communications, Mumbai, and a graduate from St. Xavier's College, Ahmedabad.Read More

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