Infosys Q4 Results: After IT services giant Tata Consultancy Services started a strong earnings season, its peer Infosys will announce its earnings today, April 13. The company is also expected to consider paying a final dividend today. Several brokerage houses are of the view that the IT giant is expected to report double-digit growth in net sales and net profit on a year-on-year (YoY) basis for the quarter ended March 31. Infosys on April 1, 2022 informed NSE that it will release the results for the fourth quarter and year ended March 31, 2022, on Wednesday, April 13, 2022 at 4 PM Indian Standard Time (IST). The Board of Directors of the Company shall publish in the meeting the audited standalone and audited consolidated financial results for the financial year ending March 31, 2022. In addition, the final dividend will be recommended for the financial year ending March 31, 2022.
Earlier this week, Tata Consultancy Services (TCS) had recommended a final dividend of Rs 22 per share on Monday. The proposed final dividend shall be paid on the fourth day of the conclusion of the 27th Annual General Meeting, subject to the approval of the shareholders of the Company.
Meanwhile, HCL has informed BSE that the meeting of the Board of Directors of the Company will be held on April 20 and 21, 2022, along with the audited financial results of the Company for the financial year ended March 31, 2022. for the payment of interim dividend will be discussed. Year 2022-23. “Items relating to financial results and payment of interim dividend will be considered by the Board on April 21, 2022. The record date for determining the eligibility of shareholders for payment of the said interim dividend shall be April 29, 2022. Approval of interim dividend by the Board of Directors,” the company has informed BSE.
What do brokerages say before Infosys Q4 earnings?
Brokerage house Yes Securities believes that Infosys may post 26.30 per cent and 20.30 per cent year-on-year (YoY) growth in net sales and net profit, respectively, in Q4FY22.
Yes Securities said, “For Infosys to be broad-based across industry verticals with nearly flat QoQ margins,” adding Infosys saw quarter-on-quarter growth in top line and 5.1 per cent QoQ growth in profit after tax May go. Quarter.
Market participants should note the outlook on attrition, IT budget, steps taken to manage supply-side challenges, deal environment and FY23 revenue, margin guidance and commentary on deal pipeline and deal closure momentum.
HDFC Securities, which prefers Infosys in the tier-1 IT space, said Infosys’ net profit could grow by 24.80 per cent year-on-year and 3 per cent on QoQ basis. On the other hand, it sees a 15.40 per cent YoY and 0.80 per cent QoQ growth in net profit in Q4FY22.
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