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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.
Credit: Wipro HDFC Bank It plans to raise up to ₹50,000 crore over the next 12 months by way of Tier-II capital bonds, long-term bonds and perpetual debt instruments. Credit: BCCL Oil companies Indian oil companies will be in focus after strong data from China, rising tensions in the Middle East sent crude oil prices upwards by 4.5 percent. Credit: Unsplash Tata Motors Credit: BCCL Dr. Reddy's Laboratories It will distribute 250 million doses of the Sputnik V vaccine and is in talks with the Indian government on pricing. Credit: Dr-Reddys Aditya Birla Capital Its board has approved Aditya Birla Sun Life AMC’s initial public offer (IPO), through which over 3.8 crore shares will be made available for subscription.
Infosys Loses Over 3% Post Q4 Numbers Infosys, the country's second largest software services company, on Wednesday reported an annual increase of 17 per cent in net profit at Rs 5,076 crore on the back of large contract wins Updated: April 15, 2021 10:31 am IST At 10:15 am, the shares of Infosys were trading lower by 3.1 per cent on the BSE Infosys shares are trading lower by over 3 per cent in a weak market a day after announcing its Q4 numbers. The country's second largest software services company, on Wednesday, reported an annual increase of 17 per cent in net profit at Rs 5,076 crore on the back of large contract wins as the COVID-19 pandemic drove digitisation efforts in multiple sectors. At 10:15 am, the shares of Infosys were trading at Rs 1,353.25, lower by Rs 43.90 or 3.1 per cent, on the BSE.
ET Stocks NEWS Powered by Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premium SECTIONS Infosys Q4 Results: Consolidated PAT falls 2.6% QoQ, misses estimate; firm to buy back shares at 25% premiumBy Share Synopsis Infosys reported a 2.8 per cent quarter-on-quarter growth in consolidated revenues for the quarter to Rs. 26,311 crore, which was slightly lower than analysts’ estimate of Rs. 26,701.8 crore. Infosys Q4 Results: PAT misses estimates; firm approves Rs 9,200 cr share buyback plan and dividend of Rs 15 Related NSE Explore Now MUMBAI: Information technology giant Infosys today reported a 2.6 per cent on quarter fall in its consolidated net profit to Rs 5,078 crore for the quarter ended March, which was lower than analysts’ estimate of Rs 5,170.2 crore.
Explore Now MUMBAI: Information technology giant Infosys on Wednesday reported March quarter earnings slightly below analysts’ estimates. However, the IT services company gave a guidance for strong double-digit revenue growth for 2021-22 reflecting the excellent demand conditions. “A strong momentum exiting FY21, alongside a focused strategy to accelerate client digital journeys, gives us confidence for a stronger FY22,” Chief Executive Officer Salil Parekh said in an earnings statement. The company’s consolidated profit dipped around 3 per cent on a sequential basis for the quarter, but revenues continued on their growth path, rising around 3 per cent. Margin performance was slightly underwhelming at 24.5 per cent, 90 basis points lower than that in the previous quarter.
Updated Apr 13, 2021 | 13:11 IST Infosys shares were trading 2.76% lower at Rs 1,387.80 apiece in the afternoon trade. This is on top of Monday's 1% correction in the stock. Representational image New Delhi: Infosys, India's second-biggest outsourcer, is likely to announce a share buyback in the range of $1.2 billion to $1.9 billion (Rs 9,000 crore to Rs 14,000 crore) tomorrow (Wednesday) when its board meets to take a decision on the proposal. “The last two buybacks were through open market so they are likely to continue doing that. The size would be Rs 8,000 crore to Rs 10,000 crore, not more than that," the Economic Times quoted Neerav Dalal, research analyst at Maybank Kim Eng Securities as saying.
Infosys Share Price: Shares were last trading 2.49 per cent lower at Rs 1,390.35 on BSE Share price of IT major Infosys fell around three per cent on Tuesday, April 13, ahead of its fourth-quarter corporate earnings results due tomorrow - April 14, 2021. The shares of the country's second-largest software services company witnessed a decline today after it recently announced that the board will consider a proposal to buyback shares at its upcoming board meet on Wednesday, April 14, 2021. On Tuesday, Infosys opened on the BSE at Rs 1,433, touching an intra day high of Rs 1,435.95 and an intra day low of Rs 1,375, in the session so far. (
Infosys announced that it will consider buyback of equity shares during its board meeting set to take place tomorrow, on April 14.Analysts estimate that shares
Explore Now NEW DELHI: Infosys will consider a buyback plan at its meeting on Wednesday, alongside its March quarter earnings. Nomura India said it was expecting the company to consider an open market buyback, similar to the one done in 2019. Infosys had a net worth of $9.6 billion and net cash of $4.6 billion as of December quarter, and therefore can buy back a maximum of $2.4 billion, based on 25 per cent of its net worth, without shareholder’s approval. "We expect Infosys to announce a buyback in the range of $1.3-$1.9 billion at a maximum price of Rs 1,650, equivalent to 1.5-2 per cent of the outstanding equity. We reiterate Infosys as our top pick in the Tier-1 IT space with a target price of Rs 1,620," the brokerage said.