Fundamental Result Update

Infosys Ltd Q3FY20 Result Update



Infosys reported good set of numbers in Q3FY20, mostly in line with our estimate. Consolidated revenue stood at Rs 230,920 mn, slightly above our estimate of Rs 227,369 mn, registering +7.9% YoY/+2.0% QoQ growth. Consolidated EBIT stood at Rs 50,640 mn, registering +4.8% YoY/+3.1% QoQ growth. EBIT margin expanded 22bps QoQ, though on YoY basis margin suffered a decline of 64bps. Consolidated PAT saw growth of 23.5% YoY to Rs 44,570 mn, higher than our estimate of Rs 42,063 mn on account of adoption of low corporate tax rates. The IT major’s digital segment’s revenue is seen growing continuously as each quarter passes by. We maintain our recommendation of ACCUMULATE rating on the stock with a revised target price of Rs 869.


Tags: ResultsResult Update


Search Reports

SEARCH

Reports

Daily Market Update...

Nifty opened down with a gap...

Read More

Daily Market Update...

Nifty opened higher but was...

Read More

Daily Market Update...

Nifty opened down with a gap...

Read More

Daily Market Update...

Nifty opened higher, on...

Read More

Daily Market Update...

Nifty opened up with a gap...

Read More

LTTS

SHORT TERM TRADING CALL: BUY...

Read More

Aegis Chem

SHORT TERM TRADING CALL: BUY...

Read More

CUB Q3FY20 RESULT UPDATE

CUB’sQ 3 FY 20...

Read More

SUNDARAM FINANCE Q3FY20...

Despite weak CV demand cycle...

Read More

PHOENIXMILLS Q3FY20...

Wehave valued PML using DCF...

Read More

Subscribe to newsletter

Request a call back

DISCLAIMER: Investment in markets is subject to market risk, the views and investment tips expressed by our research entity on arihantcapital.com are product of their own. Whilst meticulous care has been taken to ensure that the facts stated are accurate and opinions given are fair and reasonable, neither the analyst nor any employee of our company is in any way is responsible for its contents and nor is its accuracy or completeness guaranteed. ArihantCapital.com offers the views and opinions for assistance only and these are not intended and must not be alone taken as the basis for an investment decision. We advise the users to check with certified experts before taking any investment decisions. The investments discussed in this material may not be suitable for all investors. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material.