Infosys Shares Upbeat Ahead Of Earnings: What To Expect

Infosys is scheduled to post earnings for the quarter ended June later today at around 3:45 p.m.

What To Expect: Most brokerages expect the IT services giant to post notable revenue growth for the quarter. Centrum said in its preview note that growth will be better sequentially due to a ramp-up in recent deals.

The sentiment was echoed by analysts at Prabhudas Liladhar. “We expect Infosys to report strong revenue growth of 2.4% QoQ (Quarter on Quarter), highest among the large-cap peers,” the brokerage wrote in its preview note.

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Kotak Securities also expects Infosys to lead among Tier 1 IT companies with a 2.5% quarter-on-quarter growth. The analysts also expect an 80 basis point sequential increase in EBIT margin. Centrum also reached a similar estimate stating, “We expect EBIT margin to improve by 90 bps QoQ due to absence of one-off client related issue faced in Q4FY24.”

Most brokerages including Kotak Securities, Phillip Capital, Axis Securities and Centrum Broking expect the IT services giant to maintain its 1% to 3% revenue growth guidance for FY25 at constant currency.

On average the brokerages expect the company’s revenue to come in at ₹38,875 crore with a net profit of ₹6,210 crore.

Price Action: Infosys’ share price was up 0.84% to trade at ₹1,740.50 as the markets opened on Thursday.

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