Tech biggie Infosys came out with its third quarter numbers today. 

Sorbh Gupta of Pranav Securitites says that the numbers at the topline has been slight disappointing, since a topline growth was expected.

Excerpts from CNBC – TV18’s exclusive interview with Sorbh Gupta:

Q: What do you make of the numbers - the guidance that the company has provided and what would you be doing with your estimates for the company for Q4 and the next financial year?

A: Yes, the numbers at the topline has been slight disappointing because we were expecting about 8.2% of topline growth. We will be revising our estimates for the currency because that has been upped sharply, so that has to be taken into account. Overall purely in dollar terms growth at topline and bottomline has been at 10-11% - that is pretty robust. So we believe that this bit of a decline in the stock has given good opportunity to buy into this stock.

Q: Do you see margin pressure sustaining on accounts of this currency fluctuation even in Q4?

A: Yes, but if you see this quarter despite 200 bps pressure for currency appreciation, they are able to save the margins. For Q4 they have given a guidance of 44.11. So they have factored in quite a bit of rupee appreciation already. So we expect Q4 margins would be stable with an upward bias.