Infosys shares climbed 3% following the company’s Q4 earnings report, showing sequential profit growth despite a decline in net profit compared to last year.
Shares of Infosys, India’s second-largest IT services company, rose by 3% on Monday after the company reported its Q4 earnings. The stock surged to ₹1,462.20 on the Bombay Stock Exchange (BSE) and ₹1,462.70 on the National Stock Exchange (NSE). The boost came after the company revealed a 3.3% sequential increase in net profit for the March quarter.
Despite a slight dip in profit from the previous year, Infosys managed to show sequential growth. For Q4, the company reported a net profit of ₹7,033 crore, an 11.7% decrease compared to the ₹7,969 crore it posted in the same period last year. The decline in profits was primarily attributed to compensation costs for employees and acquisitions.
For the fiscal year 2025, Infosys reported a 1.8% increase in overall profit, amounting to ₹26,713 crore. Revenues for Q4 were reported at ₹40,925 crore, a 7.9% increase from the previous year, but the company saw a 2% decline in revenue sequentially.
CEO and Managing Director Salil Parekh expressed that the company has guided for revenue growth of 0-3% in constant currency terms for the current fiscal year due to ongoing uncertainties in the market. CFO Jayesh Sanghrajka confirmed that the company is on track to hire 20,000 freshers during the fiscal year, as previously announced.
The rise in Infosys shares was accompanied by an overall rally in Indian stock markets, with the Sensex rising by 794.10 points to reach 79,347.30 and the Nifty up by 242.95 points to 24,094.60 during morning trade on April 21.
