HDFC Securities, expects that Infosys may post steady growth, during this quarter and also predicts that the IT Major to guide for 3-5 per cent for FY25E.
After TCS now another IT major Infosys is expected to report its March quarter earnings on April 18 (Thursday). After the AI boom and several layoffs in the IT sector, analysts were expecting low performance by IT firms. However, after TCS ‘good results, expectations are changed from IT fields. Brokerages have come up with their expectations on Infosys Q4 results 2024.
Let us take look on brokerages expectations from Infosys Q4 Results 2024
According to Zee Business, Axis Securities expects the company to report revenue growth of 0.3 per cent sequentially and it may give a revenue growth guidance of 4.5-6 percent for FY25E. Zee Business research desk estimates EBIT margin during Q4 at 20.7 per cent as against 20.5 per cent in the preceding quarter.
The desk also estimates a sequential decline in revenue by 0.7 per cent to Rs 38,550 crore as compared to the Rs 38,821 crore reported in the previous quarter. Also, the company’s dollar revenue is foreseen to witness a degrowth of 0.6 per cent.
It may report 1.9 per cent growth sequentially in profit and come in at Rs 6220 crore.
HDFC Securities, expects that Infosys may post steady growth, during this quarter and also predicts that the IT Major to guide for 3-5 per cent for FY25E.
IDBI Capital expects revenue growth by 0.5 per cent in constant currency (CC) terms and cross currency tailwind of 27 bps for Infosys. 1 basis point is one-hundredth of a percentage point. However, the desk estimates a decline in CC revenue by 1 per cent.
EBIT margin is viewed to climb by 16 bps in Q3FY24 to 20.7 percent during the period.
Infosys Share Price Target 2024
Brokerage firm JM Financial Institutional Securities Limited gave a hold rating with share price target of Rs 1,570.
Last week Bank of America double upgraded the stock to ‘buy’ from the earlier ‘neutral’ view with the target price to Rs 1785 from the earlier Rs 1735. The new revised target implies nearly 21 per cent probable gains from the stock.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
Also Read:
