Infosys Ltd, one of India’s leading IT firms, reported an 11.4 percent year-on-year (YoY) increase in its net profit for Q3 FY25, beating market expectations. The company posted a net profit of Rs 6,806 crore compared to Rs 6,106 crore in the same period last year. Analysts had earlier predicted a profit of Rs 6,734 crore based on a Moneycontrol poll.
Operation revenues for the quarter were up 7.5% at Rs 41,764 crore from Rs 38,821 crore in Q3 FY24 and over the estimated Rs 41,206 crore.
Infosys has raised the full-year guidance for revenue growth upward to 4.5-5% from 3.75-4.5% projected, buoyed by an across-the-board strong business outcome. Despite upbeat results, Infosys shares closed 1.5 percent down at Rs 1,920 on BSE ahead of the earnings announcement due on January 16.
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Source: Moneycontrol
News Desk
