Infosys rose 4.43% to Rs 1,130.25 at 10:30 IST on BSE after the company in its guidance has increased the growth in its consolidated revenue in dollar and in rupee terms for the year ending 31 March 2016.
Meanwhile, the S&P BSE Sensex was down 232.74 points or 0.93% at 24621.73.High volumes were witnessed on the counter. On BSE, so far 6.61 lakh shares were traded in the counter as against average daily volume of 1.45 lakh shares in the past one quarter. The stock hit a high of Rs 1,139.80 and a low of Rs 1,054.95 so far during the day. The stock had hit a record high of Rs 1,219 on 12 October 2015. The stock had hit a 52-week low of Rs 932.55 on 10 July 2015.
The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.
Infosys increased its full year revenue growth guidance in dollar terms at the time of announcing its Q3 December 2015 results during market hours today, 14 January 2016. Infosys now expects its revenue to grow 8.9% to 9.3% in dollar terms for the year ending 31 March 2016 (FY 2016). At the time of announcing Q2 September 2015 results, Infosys had forecast 6.4% to 8.4% growth in the company's revenue in dollar terms for FY 2016.
Thanks to weakness of the rupee against the dollar, Infosys has raised full year revenue growth guidance in rupee terms. Infosys now expects its revenue to grow 16.2% to16.6% in rupee terms for the year ending 31 March 2016 (FY 2016). At the time of announcing Q2 September 2015 results, Infosys had forecast 13.1% to 15.1% growth in the company's revenue in rupee terms for FY 2016. The revised guidance is based on rupee-dollar exchange rate of 66.16.
Infosys increased revenue growth guidance for FY 2016 at 12.8% to 13.2% in constant currency terms. At the time of announcing Q2 September 2015 results, Infosys had forecast 10% to 12% growth in constant currency terms.
Infosys' consolidated net profit as per the IFRS rose 2% to Rs 3465 crore on 1.7% rise in revenue to Rs 15902 crore in Q3 December 2015 over Q2 September 2015. Operating profit fell 0.9% to Rs 3959 crore in Q3 December 2015 over Q2 September 2015. Earnings per share (EPS) rose 2% to Rs 15.16 in Q3 December 2015 over Q2 September 2015. The result was as per the International Financial Reporting Standards (IFRS). The result was announced during market hours today, 14 January 2016.
Liquid assets including cash and cash equivalents, available-for-sale financial assets and government bonds were Rs 31526 crore as on 31 December 2015 as compared to Rs 32099 crore as on 30 September 2015.
Dr. Vishal Sikka, CEO and MD commented on Q3 results that alongside grassroots innovation, the company continues to see growing adoption of Aikido services, bringing the power of intelligent systems, automation and software to amplify the skills and imaginations of people. This combination helped deliver encouraging results despite the traditional seasonality of the quarter and the additional headwinds, and will strengthen the execution of strategy towards consistent profitable growth.
Infosys is a global leader in consulting, technology and outsourcing solutions.
Powered by Capital Market - Live News
