Shares of Infosys were down 6 per cent at Rs 1,320 on the BSE in intra-day trade on Thursday on account of profit booking in the counter following the company s March quarter numbers. The IT bellwether on Wednesday posted a 17.47 per cent year-on-year (YoY) growth in net profit at Rs 5,076 crore for the March quarter of the financial year 2020-21 (Q4FY21) as against Rs 4,321 crore posted in the same period last fiscal. Sequentially, however, the figure dipped by 2.32 per cent from Rs 5,197 crore posted in the December quarter of FY21. The company’s revenue during the March 2021 quarter (Q4FY21) grew by 2 per cent on a quarter-on-quarter (QoQ) basis in constant currency (CC) terms, lower than analysts estimates, due to offshoring which resulted in a fall in the counter.
Updated Apr 14, 2021 | 17:42 IST
Infosys reported a 2.3% decline in Q4 net profit at Rs 5,076 crore as compared to the previous quarter in the same fiscal. The figure stood Rs 4,321 crore in the same period last fiscal. Infosys MD & CEO Salil Parekh | Photo Credit: PTI
Infosys on Wednesday reported a quarterly decline of 2.3% in its fourth-quarter consolidated net profit at Rs 5,076 crore owing to weak margins. Net profit in the third quarter of FY21 was reported at Rs 5,197 crore. It was reported at Rs 4,321 crore in the same quarter previous fiscal.
Consolidated revenue from operations during Q4 ended March 31, 2021, was reported at Rs 26,311 crore, up 1.5% sequentially and 13.08 higher than the same period last fiscal.