Infosys Q1 PAT seen up 3.8% at Rs 2043cr: P Lilladher

Prabhudas Lilladher 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 8.6% at Rs 9611.2 crore, Quarter-0n-Quarter (QoQ) basis.

The company's net profit is seen up 3.8% at Rs 2403.3 crore, QoQ.

Prabhudas Lilladher report on Infosys:
We expect Infosys to report revenue de-growth of 8.6% in INR terms, with volume growth of 1.8% for Q1FY13, performing in-line with their guidance in USD terms due to cross-currency headwinds.

We expect pricing uptick of 0.1% QoQ. We expect cross-currency to have negative impact of 1.3% QoQ. We expect the margins to expand by 137bps for the quarter due to currency depreciation and deferred wage hike. We expect USD revenue guidance to be moderated to 7-9% YoY for FY13.