Nomura has reiterated its Buy rating on Infosys with a target price of ₹2,220, emphasizing that Q3FY25 was an all-round beat, prompting another upward revision in FY25 revenue guidance. The brokerage highlighted that the impact of Project Maximus on margins continues to play out favorably.
Nomura reiterated Infosys as its top pick among large-cap IT services, citing its strong financial performance and robust deal pipeline as key differentiators.
Infosys Q3FY25 Performance:
- Net Profit: ₹6,806 crore (+4.6% QoQ)
- Revenue: ₹41,764 crore (+2% QoQ)
- EBIT: ₹8,912 crore (+3% QoQ), Margin: 21.3% vs. 21.1% QoQ
- FY25 revenue guidance raised to 4.5–5% from 3.75–4.5%.
