Infosys slides 1.99% after Q1 earnings miss and FY27 revenue growth cap cut to 3%
Infosys' Q1 FY25 revenue and profit missed expectations and management cut the upper end of FY27 revenue growth guidance, triggering a ~2% drop and making it the biggest Nifty 50 drag. The negative surprise worsened market breadth and pushed major Indian indices lower, reinforcing concerns about demand softness and AI-driven pricing pressure in IT services despite stable margins and order intake.
Affected assets
NCSINIFTY52USD/USDT+0.05%
AI Insight · NCSINIFTY52USD/USDTAI Insight
▼ Bearish
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Infosys reported fiscal 2025 first-quarter revenue of Rs 48,211 crore, up 14% year on year, and net profit of Rs 7,769 crore, up 12%, but both came in below market expectations. The company also lowered the upper end of its FY27 revenue growth guidance to 3% from 3.5%. Shares fell 1.99%, making it the biggest drag on the Nifty 50 and pushing the index down 0.73% to 23,696.45 amid sharply weaker market breadth.