Infosys, one of the India's leading software exporters, witnessed a marginal decline in share price on Friday ahead of it's fourth quarter earnings today.
Angel Broking expects the company to post 0.8% qoq growth in USD revenues to USD 2,236 million, on back of cross currency (CC), just meeting its full year guidance of 9-12%. In rupee terms, revenues are expected to come in at Rs 139.18 billion, up 0.9% qoq. EBITDA margin is expected to show marginal decline of ~64bp qoq to 28.0% on account of increase in S&M spends. PAT is expected to be at Rs 31.84 billion down 2.0% qoq.
For the third quarter, the company reported 13.04% growth in consolidated net profit to Rs 32.50 billion for the quarter ended Dec. 31, 2014 as compared to Rs 28.75 billion in the same period last year. On quarter on quarter basis, it posted a rise of 4.97% in the net profit. Revenues has increased to Rs 137.96 billion for the quarter ended Dec. 31, 2014 from Rs 130.26 billion for the quarter ended Dec. 31, 2013, representing an increase of 5.91%. On quarter on quarter basis, it posted a rise of 3.40% in the revenues.
Shares of Infosys are trading at Rs 2,119, down Rs 3.55, or 0.17% at the Bombay Stock Exchange (BSE) on Friday at 9:42 a.m.
The scrip has touched an intra-day high of Rs 2,150 and low of Rs 2,117.45. The total volume of shares traded at the BSE is 60,325.