Infosys' Q4 PAT seen down 3% at Rs 2308cr: Emkay

Emkay Global Financial Services has come out with its earnings estimates on Infosys for March FY12. According to the research firm Infosys' Q4FY12 sales are likely to go down by 1.3% at Rs 9180.5 crore, quarter on quarter, (QoQ) basis.

The company's net profit is seen down 2.7% at Rs 2,308.3 crore, QoQ.

Emkay Global Financial Services estimates on Infosys for Q4FY12:

We expect Infosys to report a 1.1% QoQ US$ rev growth ahead of co�s revenue guidance of flat revenues. Margins estimated to decline by ~100 bps QoQ on a/c of currency appreciation to 32.7%. Profits estimated at Rs 23.1 bn (-2.7% QoQ, +26.8% YoY). Key things to watch out (1) FY13 guidance (we estimate a 11-13% US$ revenue growth and an EPS  outlook of Rs 164-166), (2) outlook on finalization of budgets  specially at top clients and (3) demand trends in financial  services vertical.

We expect Infosys to guide for a 11-13% US$ revenue growth for FY13 and an EPS outlook of ~Rs 164-166. We believe that an EPS outlook of >Rs 168 will be taken in positively by the street.

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