Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
Latest News

Infosys reports 37.6% increase in net profit for Q3

Infosys has reported a 37.6% growth in net profit for the December quarter at Rs.5,129 crore. In the last quarter it had reported a net profit of Rs.3,726 crore.

Revenues for the December quarter were at Rs.17,794 crore, which is 1.3% up QoQ and 3% up YoY. In dollar terms, the company reported a growth of 1% and in terms of constant currency, the growth was at 0.8%.

Furthermore, operating profit (EBIT-earnings before interest and tax) margin has seen an increase of 10 basis points at 24.3% during the quarter. Cash flow from operating activities was higher at USD 657 million in Q3, as against USD 441 million in the last quarter.

Read EquityPandit’s Technical Analysis on Infosys

Get Daily Prediction & Stocks Tips On Your Mobile