Homeearnings News

    Infosys reports Q1 net profit at Rs 4,233 crore, beats estimates

    earnings | IST

    Infosys reports Q1 net profit at Rs 4,233 crore, beats estimates

    Mini

    Bluechip IT services company, Infosys reported a quarterly profit of Rs 4,233 crore for June quarter.

    Bluechip IT services company, Infosys reported a profit of Rs 4,233 crore for June quarter. This is ahead of average of estimates of analysts polled by CNBC-TV18. Analysts had projected the figure at Rs 3,950 crore.
    The company had reported a net profit (before minority interest) of Rs 3,802 crore in the corresponding quarter last year, it said in a BSE filing.
    Its revenue grew 8.5 per cent to Rs 23,665 crore in the quarter under review from Rs 21,803 crore in the corresponding period last fiscal, it added.
    Globally, businesses have been impacted by COVID-19 pandemic. While Indian IT firms had seen some impact in March, this is the first full quarter factoring in the impact of disruption and lockdowns in various parts of the world, including India.
    The margin came in at 22.7 percent against a poll of 20.8 percent.
    "Our confidence and visibility for the rest of the year is improving driven by our Q1 performance and large deal wins," Infosys CEO and MD Salil Parekh said.
    (With inputs from PTI)
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng