The share price of infosys trades a little in green ahead of the Q1 results.
Major IT will release June quarter income today where, along with these numbers, investors are expected to keep the watch close to the pipeline and recovery of companies based in Bengaluru in vertical perform poorly.
Brokers believe that companies can announce the growth of healthy income and profits throughout the year (yoy).
The Oswal Motilal Financial Service Brokerage Company expects infosys to post strong income growth on the high bidding ramp-up and higher billing days. It expects almost 17 percent yoy to rise in income, while Pat can grow 30 percent. Brokers added that supply side problems would not have an impact on company performance.
Motilal estimates that the company’s FY22 revenue growth guidelines will be revised upwards, while comments can be watched by investors.
Institutional Equity Box estimates that the rate of growth in sequential income is 4.5 percent in a constant currency (CC), driven by higher billing days and seasonal strength, ramp-up large offers, and higher expenses in all major verticals.
Estimated boxes show company revenues can grow 17.7 percent yoy, while adjustable net income can see growth of 25.9 percent yoy.
“The magnitude of the pass-through element in the Daimler agreement will affect the growth of the income of FY2022E and the EBIT margin and will become the main focus field,” said the broker.
Emkay Global expects a 17 percent yoy income increase and rose 28.3 percent in Pat. EBITDA can see a leap of 26 percent yoy, while the EBITDA margin can rise 198 bps.
Stock traded at Rs 1,548.00, up RS 3.10, or 0.20 percent. It has touched the highest intraday RS 1,552.80 and low intraday Rs 1,538.25.
