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In rupee terms, the company’s topline is likely to grow by 4% quarter-on-quarter to ₹40,878 crore from ₹39,315 crore in the preceding three-month period, as per the CNBC-TV18 poll.
| Q3FY23 | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | |
| $ Rev |
4659
|
4554
|
4617
|
4718
|
4663
|
4564
|
4714
|
| $ Rev % QOQ |
2.28%
|
-2.25%
|
1.40%
|
2.2%
|
-1.2%
|
-2.10%
|
3.3%
|
The company’s EBIT or Earnings Before Interest and Tax may come in at ₹8,723 crore, compared to ₹8,288 crore in the previous June quarter. Margins, meanwhile, may see an expansion of just over 20 basis points.
As per poll estimates, Infosys’ profit after tax is expected to rise 6.1% quarter-on-quarter to ₹6,755 crore as against ₹6,368 crore earlier.
The company’s constant currency revenue growth is seen at 3% quarter-on-quarter.
Strong growth reported after 5 weak quarters.
| Q3FY23 | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | |
| CC Qoq % |
2.40%
|
-3.20%
|
1%
|
2.30%
|
-1%
|
-2.20%
|
3.60%
|
| CC YoY % |
13.70%
|
8.80%
|
4.20%
|
2.50%
|
-1%
|
0%
|
2.50%
|
| Q3FY23 | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | |
| EBIT |
21.50%
|
21%
|
20.80%
|
21.20%
|
20.50%
|
20.10%
|
21.10%
|
| PAT |
6586
|
6128
|
5945
|
6212
|
6113
|
5998
|
6368
|
In case this happens, this would be the second consecutive quarter for Infosys with strong revenue growth as the June quarter also saw revenue increase by 3.6%.
Infosys is also expected to maintain FY25 margin guidance of 20-22%.
Domestic brokerage firm Kotak Institutional equities expects Infosys to raise its financial year 2025 revenue growth guidance to between 4% and 5% from 3% to 4% earlier. Citi too expects the company to raise its guidance to 4% to 4.5%.
Kotak expects a significant total contract value (TCV) of over $3 billion for Infosys in major deals.
The BFSI sector showed continued recovery, with sequential revenue growth of 7.6% quarter-on-quarter in Q1.
The discretionary spending is on the rise again.
Out of the 45 analysts that have coverage on Infosys, 30 of them continue to have a ‘Buy’ rating, 10 say ‘Hold’, while five of them have a ‘Sell’ recommendation.
At the current market price, Infosys has a market capitalisation of ₹7.97 lakh crore.
Shares of Infosys closed 2.05% lower at ₹1,918.95. The stock is up about 24% so far this year. Shares have delivered negative annual returns only twice in the last decade, once in 2016 and the other in 2022.
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