
Infosys shares dropped more than 4% today despite a strong set of Q3 results. As of 9:15 AM, the shares were trading 4.88% lower at Rs 1835.15.
Key Highlights of Q3 results :
- Revenue: ₹41,764 crore, up 7.6% YoY and 1.9% QoQ.
- Net Profit: ₹6,806 crore, marking an 11.4% YoY increase.
- Operating Margin: 21.3%, up 80 bps YoY.
- Large Deal TCV: $2.5 billion, with 63% net new deals.
- Free Cash Flow: ₹10,647 crore, growing 91.9% YoY.
The company raised its FY25 constant currency revenue growth guidance to 4.5%-5.0%, with operating margins projected at 20%-22%. Despite these robust figures, the stock drop may reflect profit booking or cautious market sentiment.
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