Infosys shares log mild gains ahead of Q4 results today; here is what to expect
Infosys shares log mild gains ahead of Q4 results today; here's what to expect
Infosys Q4 FY24 Results Today: Infosys shares registered mild gains on Thursday as investors awaited the country's second largest IT firm to report its financial results for the quarter as well as the year ended March 31 due later in the day. The stock of Bengaluru-headquartered Infosys rose by as much as Rs 16.3, or 1.1 per cent, to Rs 1,431 apiece on BSE, in some respite for investors after three back-to-back sessions of losses.
At 11:58 am, Infosys shares were holding on to the green, up 0.7 per cent for the day at Rs 1,425 apiece on BSE.
What to expect in Infosys Q4 FY24 earnings report
According to Zee Business research, Infosys is estimated to report a 1.9 per cent quarter-on-quarter increase in consolidated net profit to Rs 6,220 crore for the final three months of FY24. The analysts expect its revenue, however, to decline 0.7 per cent sequentially to Rs 38,550 crore for the March quarter.
The IT major's fourth-quarter earnings before interest and taxes (EBIT) are pegged at Rs 7,980 crore, up 0.2 per cent sequentially, and its margin seen improving by 20 basis points (bps) to 20.7 per cent, according to the research.
Zee Business analysts expect Infosys to register a 1.0 per cent quarter-on-quarter decline in revenue in constant currency terms.
Infosys Q4 Results Today: Key monitorables
- Vertical outlook
- Deal total contract value (TCV)
- Deal pipeline
- Margin levers
- Attrition
- Pricing
Infosys shares: Past performance
Infosys shares have gained 12.2 per cent in one year, underperforming rallies of 25.4 per cent and 23.6 per cent in the Nifty50 and Nifty IT indices, respectively.
The IT stock declined 2.9 per cent in the March quarter while the blue-chip index gained 2.7 per cent.
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02:29 PM IST