Infosys Q3 PAT seen down 6.4% at Rs 2216.9cr: P Lilladher
Prabhudas Lilladher has come out with its earnings estimates on Infosys for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 3.1% at Rs 10,164.3 crore, quarter-on-quarter (QoQ) basis.
January 10, 2013 / 12:07 IST
Prabhudas Lilladher has come out with its earnings estimates on Infosys for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 3.1% at Rs 10,164.3 crore, quarter-on-quarter (QoQ) basis.
The company's net profit is seen down 6.4% at Rs 2216.9 crore, QoQ.Prabhudas Lilladher report says, "We expect Infosys to report revenue growth of 2.9% in INR terms, with volume growth of 3.6% for Q3FY13, performing below their anticipated growth rate. We expect pricing downtick of 0.1% QoQ. We expect cross-currency to have positive impact of 0.2% QoQ. We expect the margins to be eroded by 113bps for the quarter due to wage hike given in this quarter. We expect organic USD revenue guidance to be revised downward to 3.5% YoY (Inorganic revenue growth: 4.5-5%) for FY13." Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
