Shares of Infosys slipped 3% on the NSE after Q2FY20 results. The company’s PAT grew by 5.8% qoq but down 2.2% yoy to Rs4,019cr against consensus estimates of Rs3,210cr.
Constant currency (cc) revenue grew by 3.3% qoq and 11.4% yoy. US Dollar revenue grew by 2.5% qoq and 9.9% yoy to $3,210mn. INR revenue grew by 3.8% qoq and 9.8% yoy to Rs22,629cr against consensus estimates of Rs22,521cr.
EBIT stood at Rs4,912cr, up 9.9% qoq and 0.4% yoy against consensus estimates of Rs4,863cr. EBIT margin expanded by 120bps qoq but contracted by 204bps yoy to 21.7% which is marginally better than street expectations.
Infosys Ltd is currently trading at Rs791.75, down by Rs23.95 or 2.94% from its previous closing of Rs815.70 on the BSE.
The scrip opened at Rs789 and has touched a high and low of Rs796.90 and Rs781 respectively.
No comments