Infosys Q4FY22 Preview: Revenues seen at Rs328,230 million, PAT at Rs58,087 million

13 Apr 2022 , 08:19 AM

Result date: 13^th April, 2022
Recommendation: Buy
Target price: 2,250

Infosys is all set to report a solid performance, despite a high base. Revenue growth will be a function of broad based traction in key verticals, though seasonality factor might dampen the show a bit. Continued adoption of digital and cloud platforms augur well for the company and will continue to drive deal wins.

EBIT margins could shrink amid high visa costs, continued supply-side pressures and lower utilization rates.
For FY23, the company could guide for 12-14% growth in constant currency revenues and EBIT margin of 22-24%.

Important management insights to watch out for:

• Large deal wins and deal pipeline
• FY23 guidance
• Update on supply-side challenges and attrition trends

 

	March 2022 estimates	QoQ change	YoY change
Revenue (US$ mn)	4,361	2.6%	20.7%
Revenue (Rs. mn)	328,230	3.0%	24.8%
EBIT (Rs. mn)	74,568	(0.4%)	15.8%
EBIT margin	22.7%	(80) bps	(180) bps
Profit After Tax (Rs. mn)	58,087	0.0%	14.4%
EPS (Rs.)	13.8	0.0%	15.9%

Source: IIFL Research