Infosys Q1FY13 PAT seen up 8% at Rs 2500cr: KR Choksey

KR Choksey has come out with its earnings estimates on Infosys for the quarter ended June 12 (Q1FY13). According to the research firm, the company's Q1FY13 sales are likely to go up by 8% at Rs 9,575 crore, Quarter-0n-Quarter (QoQ) basis.

July 10, 2012 / 11:44 IST

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KR Choksey has come out with its earnings estimates on Infosys for the quarter ended June 12 (Q1FY13). According to the research firm, the company's Q1FY13 sales are likely to go up by 8% at Rs 9,575 crore, Quarter-0n-Quarter (QoQ) basis.

The company's net profit is seen up 8% at Rs 2,500 crore, QoQ.

KR Choksey report on Infosys:

Revenue growth expected to be 0.4% QoQ in constant currency terms; whereas adverse cross currency movements will adversely impact revenue growth in USD terms by 61 bps QoQ.

Adverse impact of visa cost and decline in utilization rate on margins will be mitigated by INR depreciation against USD.

We expect forex gain of Rs.92 crore in Q1 FY13E against forex gain of Rs.60 crore in Q4 FY12.

Key factors to watch out for in the result are revenue guidance (in USD terms) for Q2 FY13E, momentum in discretionary spend areas0020and quantum of wage hike announced by the company.

first published: Jul 10, 2012 11:40 am

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