Infosys, Infibeam, Tech Mahindra Among DRChoksey's Top Stock Picks In IT Services After Q3 Results— Here's Why

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Deven Choksey Report

Infosys Ltd. has revised its FY25E revenue guidance upwards to a range of 4.5–5.0%, from the previous estimate of 3.75 - 4.50%, while maintaining its margin guidance at 20.0 – 22.0%. The company has raised its FY25E guidance for constant currency revenue growth to 4.5%-5.0%, up from the previous 3.5%-5.0%. The revised guidance factors in 50bps contribution from the HPE CTG acquisition, this translates to a FY25E organic revenue growth of 4.0-4.5% from 3.5%- 5.0% (excluding the HPE CTG acquisition).

Infibeam Avenue Ltd.’s guidance remains intact for FY25E with gross revenue of Rs 39,000 – 42,000 million, a growth of 23.0–32.0% YoY. Net revenue is expected to be between Rs 4,500 – Rs 5,000 million (up 5.0% - 17.0% YoY), and Ebitda is forecasted to be in the range of Rs 2,750 – 3,000 million (up 9.0% - 19.0% YoY). PAT for FY25E is expected to be in the range of 18.0% - 35.0% around Rs 1,750 – 2,000 million.

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