Infosys on April 14 will announce its earnings for the quarter ended March 2021 and market watchers are expecting the company to report 4.5 percent QoQ increase in revenues in constant currency terms.
“Infosys will announce results for its fourth quarter and year ended March 31, 2021 on April 14, 2021 around 3.45 pm Indian Standard Time (IST),” the Bengaluru-based firm said in its BSE filing.
The IT major’s board will also recommend a final dividend for the financial year ending 31 March 2021.
On a consolidated basis, the IT major’s net profit jumped 7.3% to Rs 5,197 crore on a 5.5% rise in revenues to Rs 25,927 crore in Q3 December 2020 over Q2 September 2020.
Investors will be keenly watching the margin guidance, second wage hike, ramp up of Daimler deal, and other business-related commentaries.
The company’s numbers improved despite the coronavirus pandemic and lockdown thereof as people switched to work from home after it embraced the new normal.
The company has improved its cash flow from its core business operations in the last two years.
It has also increased its revenue in every quarter for the last four quarters.
In the last three years, the stock price gained 144 percent to Rs 1,385.55 (March 30, 2021) from Rs 567.20 (March 28, 2018).
ICICI Direct expects margins to decline 132 bps QoQ due to wage hikes, higher travel and facility cost partially offset by automation and offshoring.
PAT is expected to increase 22 percent YoY due to low base and savings in travel & facility cost, according to the brokerage.
