Infosys Q4 Results Preview: Revenue likely to grow nearly 2% to Rs 39,000 crore; here's what else analysts expect

Indian information technology (IT) major Infosys (INFY) — India's second largest software services exporter after Tata Consultancy Services (TCS) — is all set to declare its financial results for the fiscal fourth quarter (the period from January to March 2023) on Thursday, April 13, a day after TCS kicked off the corporate earnings season by reporting a muted set of numbers. 

Infosys Q4FY23 Results Preview: What to expect from Infosys

Infosys is expected to report consolidated revenue of Rs 39,000 crore for the three-month period, which translates to sequential growth of 1.8 per cent, according to Zee Business research. The Bengaluru-based IT firm had posted revenue of Rs 38,318 crore for the quarter ended December 2022 (Q3FY23). ALSO READ: TCS Q4 Results Preview: Here's what top brokerages expect from Tata group IT services bellwether

The analysts peg the consolidated profit after tax (PAT) of Infosys at Rs 6,600 crore for the quarter ended March 2023, marking an increase of 0.2 per cent on a quarter-on-quarter basis. Infosys had posted a net profit of Rs 6,586 crore for the third quarter of the last financial year.

Infosys Q4 Results: What about Infosys margin?

According to Zee Business research, the margin — a key measure of profitability — of Infosys may shrink by 30 basis points on a sequential basis to 21.2 per cent. 

Investors will closely look out for the IT major's commentary deal wins as well as pipeline, attrition and pricing. 

Q4 Results: What to expect from India's IT sector as a whole

Overall, the country's IT sector is expected to stage a muted earnings performance for the March quarter owing to global macros and seasonality, according to Zee Business research.

However, Tier I firms may post better results than their Tier II peers, according to the analysts.  

IT firms such as Coforge, LTIMindtree and KPIT Tech are expected to fare better on constant currency terms, whereas companies such as HCL Tech and Tech Mahindra may see muted growth, according to the research. The Street will keenly await clarity on client consolidation and margin outlook.

IndianIT Q4 Results Schedule: Here's a list of key dates on which some of the key companies are slated to report their quarterly earnings  

• Cyient, HCL Tech: April 20
• LTTS: April 26
• Coforge, Mphasis, Tech Mahindra, Wipro: April 27

Infosys share price: Historical performance 

Infosys shares lost 5.4 per cent of their value in the quarter ended March 2023, in line with a 4.1 per cent fall in the Nifty benchmark. 

Check out updated schedule of India Inc earnings season