11 Jan 2023 , 11:36 AM
Result date: 12th January, 2023
Recommendation: BUY
Target Price: Rs 1800
Analysts at IIFL Capital Services forecast quarter-on-quarter (Q-o-Q) growth in revenue of 1.1% in the December quarter, in constant currency terms, for Infosys. Net profit is forecasted to increase Q-o-Q by 7.3% and Y-o-Y by 11.2% The December quarter is seasonally a weak one for the sector. Deal momentum for the company is likely to remain healthy.
Margins are forecasted to increase by 40 basis points, Q-o-Q, in the December quarter. Easing supply side pressures and depreciation in Rupee against the US dollar are expected to have a positive impact on margins. The company is expected to maintain its revenue and margin guidance for FY 23.
Important management insights to watch out for:
Source: IIFL Research
December quarter estimate | Q-o-Q | Y-o-Y | ||
Revenue ($ mn) | 4601 | 1% | 8.2% | |
Revenue (Rs mn) | 378,303 | 3.5% | 18.7% | |
Ebit (Rs mn) | 82,675 | 5% | 10.5% | |
Ebit margin | 21.9% | 0.3% | -1.6% | |
Net income (Rs mn) | 64,623 | 7.3% | 11.2% | |
EPS (rs) | 15.4 | 7.3% | 11.2% | |
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