Infosys fell 2.42% to Rs 945.40 at 9:39 IST on BSE after the company's consolidated net profit fell 2.8% to Rs 3603 crore on 0.9% decline in revenues to Rs 17120 crore in Q4 March 2017 over Q3 December 2016.
The result was announced before market hours today, 13 April 2017. The result is as per International Financial Reporting Standards (IFRS).Meanwhile, the S&P BSE Sensex was down 62.22 points, or 0.21% to 29,581.26.
On the BSE, 3.99 lakh shares were traded in the counter so far, compared with average daily volumes of 1.99 lakh shares in the past two weeks. The stock had hit a high of Rs 990.95 and a low of Rs 941.40 so far during the day.
The stock hit a 52-week high of Rs 1,278 on 3 June 2016. The stock hit a 52-week low of Rs 900.30 on 9 November 2016.
Infosys' consolidated operating profit fell 2.8% to Rs 4212 crore in Q4 March 2017 over Q3 December 2016.
Infosys' consolidated net profit rose 6.4% to Rs 14353 crore on 9.7% rise in revenues to Rs 68484 crore in the year ended March 2017 over the year ended March 2016. Operating profit rose 8.2% to Rs 16901 crore in the year ended March 2017 over the year ended March 2016.
Infosys is one of the leading information technology outsourcing services providers. The company provides business consulting, information technology and outsourcing services.
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