Sushil Finance has come out with its third quarter (September-December) earnings estimates for the information & technology sector. The brokerage house expects Infosys to report a 2.3 percent growth quarter-on-quarter in adjusted net profit at Rs 2,686.3 crore.
Revenues of Infosys are expected to increase by 2.5 percent Q-o-Q to Rs 13,282.9 crore, according to Sushil Finance.
Earnings before interest and tax (EBIT) are likely to rise by 1.3 percent Q-o-Q to Rs 3,094.9 crore. EBIT or operating profit margin is expected to be at 23.3 percent in this quarter, down 30 basis points compared to previous quarter.
Sushil Finance on Infosys
We expect the management of Infosys to further upgrade its FY14 dollar revenue growth guidance to 13 percent from current 9-10 percent as it has already delivered 14.3 percent Y-o-Y growth in H1FY14 and is expected to deliver 12 percent Y-o-Y growth in H2FY14.
During Q3FY14, we expect Infosys to deliver 3.6 percent Q-o-Q growth in its dollar revenue and the slight appreciation in rupee rate will have some impact on its EBIT margin.
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