8.1 C
Friday, January 28, 2022

Infosys Q3 Result: Infosys profit jumps 12%, net profit at 5809 crores in third quarter

Infosys’ third quarter net profit jumped 11.8 per cent to Rs 5,809 crore as against Rs 5,197 crore in the same period last year.

Infosys Q3 Result: Infosys, the country’s second largest software company, has announced the results of the third quarter of the current financial year. The company’s third quarter net profit increased by 11.8 per cent to Rs 5,809 crore as against Rs 5,197 crore in the same period last year. Apart from this, the company’s third quarter revenue has increased by 22.9 percent to Rs 31,867 crore. The company’s revenue in the same period a year ago was Rs 25,927 crore. Analysts had estimated Infosys’ net profit to be in the range of 7-10 per cent during the third quarter. Infosys shares closed at Rs 1,877 per share, up 1.2% in today’s trading.

Largecap stock picks: In the year 2022, these 6 stocks including Reliance Industries and Tata Motors can make bumper earnings, know what is the target price

Company’s performance in the third quarter

Net Profit – Rs 5,809 crore (growth of 12%)
Revenue – Rs 31,967 crore (growth of 23%)
Total Expenditure – Rs 24,436 crore
Free Cash Flow – Rs 5,399 crore
Number of active clients – 1,738 (1,562 a year ago)

$100 million+ clients – 37 (29 a year ago)

Jhunjhunwala Portfolio: Despite 194% return in 1 year, Jhunjhunwala reduced stake in this company, also sold shares of Mandhana Retail

company statement

The company has told in the information given to the stock market that it has increased its revenue growth estimate for the financial year 2021-22 to 19.5-20 percent. Salil Parekh, Chief Executive Officer and Managing Director, Infosys said, “The strong performance and market share gains are a testament to the trust our customers have in us to help them in their digital transformation.” Nilanjan Roy, Chief Financial Officer of the company said that the company has performed well during the quarter despite cost escalation mainly due to supply related challenges.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.


Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -