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What is the story about?
Technology services bellwether Infosys Ltd
. has raised its revenue growth for financial year 2026 to be between 3% to 3.5% in constant currency terms. This is in comparison to its earlier guidance of 2% to 3% growth.
The Nifty 50 stock reported its results for the December quarter after market hours on Wednesday, January 14.
Infosys has left its EBIT margin guidance unchanged and expects margins in the range of 20% to 22% for FY26.
During the December quarter, Infosys reported constant currency revenue growth of 0.6% sequentially. Street estimates had pegged CC revenue growth to be flat, compared to the 2.6% growth it reported in the first quarter and 2.2% in the second.
Infosys saw a impact of ₹1,289 crore due to the new labor laws, which impacted profitability. Net profit for the period fell 9.6% from the September quarter to ₹6,654 crore from ₹7,364 crore earlier.
Revenue in rupee terms for the quarter stood at ₹45,479 crore, which is higher than the CNBC-TV18 poll of ₹45,255 crore. The figure is also higher than previous quarter's revenue of ₹44,490 crore.
Earnings Before Interest and Tax (EBIT) stood at ₹9,479 crore, a growth of 1.3% sequentially but marginally lower than expectations of ₹9,624 crore.
EBIT margin for the quarter stood at 20.8% from 21% in the September quarter and slightly lower than expectations of 21.3%.
The company reported deal wins of $4.8 billion in Q3, with 57% coming from net new deals.
Ahead of the Q3 earnings announcement, Infosys was tracked by around 51 analysts, of whom 37 have a 'Buy' rating, 11 recommend 'Hold', and three have a 'Sell' call on the stock.
Shares of Infosys ended 0.62% higher at ₹1,608.90 on Wednesday, ahead of the results announcement.
The Nifty 50 stock reported its results for the December quarter after market hours on Wednesday, January 14.
Infosys has left its EBIT margin guidance unchanged and expects margins in the range of 20% to 22% for FY26.
During the December quarter, Infosys reported constant currency revenue growth of 0.6% sequentially. Street estimates had pegged CC revenue growth to be flat, compared to the 2.6% growth it reported in the first quarter and 2.2% in the second.
Infosys saw a impact of ₹1,289 crore due to the new labor laws, which impacted profitability. Net profit for the period fell 9.6% from the September quarter to ₹6,654 crore from ₹7,364 crore earlier.
Revenue in rupee terms for the quarter stood at ₹45,479 crore, which is higher than the CNBC-TV18 poll of ₹45,255 crore. The figure is also higher than previous quarter's revenue of ₹44,490 crore.
Earnings Before Interest and Tax (EBIT) stood at ₹9,479 crore, a growth of 1.3% sequentially but marginally lower than expectations of ₹9,624 crore.
EBIT margin for the quarter stood at 20.8% from 21% in the September quarter and slightly lower than expectations of 21.3%.
The company reported deal wins of $4.8 billion in Q3, with 57% coming from net new deals.
Ahead of the Q3 earnings announcement, Infosys was tracked by around 51 analysts, of whom 37 have a 'Buy' rating, 11 recommend 'Hold', and three have a 'Sell' call on the stock.
Shares of Infosys ended 0.62% higher at ₹1,608.90 on Wednesday, ahead of the results announcement.
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