Infosys shares plunged 5.74% to ₹1,817.70 by 1:32 PM, following revised revenue guidance and muted investor response to Q3 results.
Infosys reported Rs 6,806 crore in net profit, an 11% YoY growth. Revenue climbed 8% to Rs 41,764 crore in the same period.
The company updated FY25 revenue growth guidance to 4.5%-5%, a modest improvement but below market expectations.
Operating profit surged 12% YoY to Rs 8,912 crore. Margins expanded by 80 basis points to 21.3%, showcasing operational strength.
Infosys secured $2.5 billion in total contract value during Q3, showing steady deal momentum compared to previous quarters. Source – The Economic Times