Infosys Q4 results announcement soon; revenues to margins, here is what to expect - Hindustan Times
close_game
close_game

Infosys Q4 results announcement soon; revenues to margins, here is what to expect

Apr 17, 2024 03:56 PM IST

Infosys Q4 results announcement is scheduled for April 18 and here we reveal what you can expect.

After the largest IT services company in India, Tata Consultancy Services (TCS) last week, now it is the turn of the next tech biggie, Infosys, to reveal its 4th quarterly numbers and that will happen this week on April 18. Notably, TCS started the ball rolling with some positive numbers. Infosys is now expected to report some flattish numbers amid weakness in discretionary spending. Expectations are that revenue may drop sequentially, EBIT margins are likely to stay flat.

AFter TCS, India's second-largest IT firm, Infosys, is set to declare its Q4 results.(HT_PRINT)
AFter TCS, India's second-largest IT firm, Infosys, is set to declare its Q4 results.(HT_PRINT)

Having said that, Infosys' large deal total contract value (TCV) is now at nearly $13.2 bn, which is up 70% YoY - across three quarters.

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how

Read More: Paytm’s Vijay Shekhar Sharma-linked PaiPai scrambles to remove app after launch

Infosys net profit is likely to be announced at 6,142 crore for the quarter in question vis a vis 6,106 crore in the December quarter. The numbers being an average estimate of seven brokerages, LiveMint reported. That is growth of 0.58%.

On a quarter-on-quarter (QoQ) basis, and away from the Indian currency, Infosys revenue in USD terms may drop 0.38% to $4,645 million from $4,663 million. This is likely on account of lower pass-through sales and even seasonal softness.

Revenue in rupee terms is estimated to drop 0.59% to 38,590 crore from 38,821 crore sequentially.

Read More: FD rates: These banks offer over 9% interest rate on FDs for senior citizens

Motilal Oswal Financial Services, in its commentary, said, “The deal pipeline remains healthy, while closures are somewhat challenging due to slower decision-making processes and furloughs. Nevertheless, the conversion rate remains on track.”

Infosys’ Earnings before Interest and Taxes (EBIT) is likely to fall 0.69% to 7,906 crore from 7,961 crore in Q3. EBIT margins may come in at a stable 20.5% QoQ.

Infosys guidance (constant currency - CC) in USD revenue growth may be revealed in the range of 2.5% - 5.5%. For FY25, guidance may be of 20% - 22%.

Read More: Asos Sees Higher Profit Next Year as Turnaround Gains Ground

EBIT margins are likely to remain flat QoQ as there will be one month impact of salary hikes, says Nomura.

Notably, Infosys share price did not offer any returns over the year. Shares dropped over 8% year-to-date (YTD).

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, June 24, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On