Infosys Share Price Trades Higher Ahead Of Q1 Results
Infosys is expected to report 2% on the quarter rise in its revenue during April–June period.
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Infosys Ltd. share price was trading with marginal gains in Wednesday's session ahead of its first quarter-earnings. The Bengaluru-based technology giant is expected to modest topline and Ebitda growth. However, the forward guidance will likely be in focus.
Infosys is expected to report a 2% on the quarter rise in its consolidated revenue. The revenue will likely be at Rs Rs 41,724 in April–June crore compared to Rs 40,925 crore in the previous quarter, according to Bloomberg estimates.
Infosys EBIT may rise 2% at Rs 8,727 crore from Rs 8,575 crore, while EBIT margin will likely remain steady at 20.91%.
Catch live updates on Infosys Q1 earnings here.
Infosys Q1 Results Preview (Bloomberg Estimates) (Consolidated, QoQ)
Revenue seen up 2% at Rs 41,724 crore versus Rs 40,925 crore
EBIT seen up 2% at Rs 8,727 crore versus Rs 8,575 crore
EBIT margin seen at 20.91% versus 20.95%
Net profit seen down 4% at Rs 6,778 crore versus Rs 7,033 crore
Infosys share price rose 0.95% to Rs 1,585.9 apiece. It was trading 0.83% higher at Rs 1,583.1 apiece as of 12:13 p.m., as compared to 0.32% advance in the NSE Nifty 50 index.
The stock declined 13.61% in 12 months, and 15.77% on year-to-date basis. Total traded volume so far in the day stood at 0.46 times its 30-day average. The relative strength index was at 46.88.
Out of 49 analysts tracking the company, 35 maintain a 'buy' rating, 11 recommend a 'hold' and three suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 10.0%.
