Infosys Q3 Result: Net profit of Infosys increased by 13.4 percent to Rs 6,586 crore in the third quarter.
Infosys Q3 Result: The country’s IT major Infosys on Thursday reported a 13.4 percent year-on-year increase in its overall net profit at Rs 6,586 crore for the December quarter.
The company has grown its full-year revenue by 16-16.5 percent. Net profit (including some interest amount) for Q3FY22 stood at Rs 5,809 crore.
Bengaluru-based IT firm Infosys reported 20 percent year-on-year growth in consolidated revenue at Rs 38,318 crore in the third quarter of the current financial year.
This has led to full-year revenue growth of 16-16.5 percent against the earlier estimated band of 15-16 percent. The results beat forecasts for profit and revenue.
The company said in a statement that in constant currency terms, year-on-year growth in most business lines and geographies was in double digits.
How strong is the company’s balance sheet?
Infosys CEO and MD Salil Parekh said the company continues to be a trusted partner to customers. Our market share is increasing continuously.
This is also visible in the improvement in large deals. Our revenue growth remained strong this quarter, driven by growth in both our digital business and core services.
Shares are up one percent.
India’s second top IT company Infosys Ltd has announced its earnings for the third quarter ending December 2022 for the current financial year or Q3 FY23 on Thursday after market hours.
Its net profit came in ahead of estimates at ₹6,586 crore while raising revenue guidance for FY23.
Shares of Infosys closed at Rs 1,482, up nearly one percent, on the BSE ahead of the announcement of its Q3 results.
Sah Polymers Share: These shares are listed with a 31 percent premium, and investors became rich.
Sah Polymers Share Price: Shares of Sah Polymers got listed on the stock exchanges on Thursday at a premium of about 31 percent against the issue price of Rs 65.
The stock made its debut at Rs 85 on BSE, showing a jump of 30.76 percent from the issue price. It further gained 36.92 percent to Rs 89. It started trading at Rs 85 on the NSE.