Infosys Q4 results highlights: March quarter net profit rises 17.5% to Rs 5,076 crore

Infosys March quarter net profit rose 17.5% to Rs 5,076 crore, revenue up 13.1% at Rs 26,311 crore. Infosys Board also approved up to Rs 9,200-cr buyback offer, to buy shares at maximum price of Rs 1,750 apiece.

-FY22 Revenue growth guidance of 12%-14% in constant currency

-FY22 Operating margin guidance of 22%-24%

-Final dividend of Rs 6,400 crore announced

-Q4 Operating margin: 24.5%

-Q4 Large deal signings- $2.1 billion

Infosys FY21 net profit up 16.6% at Rs 19,351 crore, revenue rises 10.7% to Rs 1,00,472 crore (PTI)

India's Infosys posts 17.5% fourth-quarter profit jump

Infosys March quarter net profit rises 17.5% to Rs 5,076 crore, revenue up 13.1%at Rs 26,311 crore

Infosys Board approves up to Rs 9,200-cr buyback offer, to buy shares at maximum price of Rs 1,750 apiece. (PTI)

IT services major Infosys on Sunday said its board will consider a buyback proposal at its meeting on April 14. "The board of the company will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to be held on April 14, 2021, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018," Infosys said in a regulatory filing

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Operating margin in Q3 of FY21 was at 25.4 per cent, 10 basis points higher than Q2.For FY21, Infosys has given operating margin guidance of 24-24.5%.

The IT services firm posted its best sequential growth of 5.3 per centin about nine years in Q3 (October- December) period of FY21

The company's operating margin is likely to decline by 115 bps in Q4 of FY21 in sequential terms due to wage revision and lower utilisation rates.

Factors to watch out for: Margin guidance

Infosys is likely to provide margin guidance in the range of 22-24 per centfor FY22. For FY21, Infosys has given operating margin guidance of 24-24.5 per cent.

Factors to watch out for: Share buyback

Infosys' board to consider a buyback proposal today, the third in the last five years.

Though the amount is yet to be announced by the company, analysts put it somewhere in the range of Rs 9,000 crore to Rs 14,000 crore ($1.2 billion to $1.9 billion).

Price per share of the buyback could be pegged at Rs 1,650-Rs 1,670. Infosys' share price closed at Rs 1,402 apiece on Tuesday at NSE.

Factors to watch out for: Revenue, EBIT margin

Infosys' revenue growth likely to be 3-3.2% in sequential terms (QoQ) in Q4 of FY21 owing to a ramp-up in large deals.

Factors to watch out for: Revenue growth guidance

The Bengaluru-based IT firm is likely to give a revenue growth guidance of 12-14 per centin constant currency terms for FY22. This sets investors' tone for the entire fiscal and will be closely monitored.

Infosys performance in Q3

In the third quarter of FY21, the IT services firm posted its best sequential growth of 5.3 per centin about nine years, when Covid-19 was receding from its peak in India.