Market News
2 min read | Updated on April 21, 2025, 12:15 IST
SUMMARY
Infosys shares rose nearly 3% in Monday’s morning trade after the company reported a 3.3% sequential rise in net profit for the March quarter, reaching ₹7,033 crore. Despite an 11.7% year-on-year decline, the stock rebounded from a muted start to hit ₹1,462.70 on the NSE.
Stock list
Infosys on Thursday reported an 11.7% decline in consolidated net profit to ₹7,033 crore for the March quarter. Image | Shutterstock
The stock bounced back after a muted beginning and rallied 2.95% to ₹1,462.20 on the BSE.
Shares of the firm climbed 3% to ₹1,462.70 at the NSE.
In the equity market, the BSE benchmark Sensex jumped 794.10 points to 79,347.30 during morning trade. The NSE Nifty surged 242.95 points to 24,094.60.
India's second-largest IT company Infosys on Thursday reported an 11.7% decline in consolidated net profit to ₹7,033 crore for the March quarter mainly on account of compensation to employees, and acquisitions during the reported period.
It had posted a profit (attributable to owners of the company) of ₹7,969 crore in the year-ago period.
Infosys CEO and MD Salil Parekh said the company has guided for a revenue growth of 0-3% in constant currency terms in the current fiscal year due to uncertainty in the environment.
Its CFO Jayesh Sanghrajka said the company is on track to hire 20,000 freshers this fiscal year, as announced earlier.
Revenues for the quarter under review came in at ₹40,925 crore, 7.9% higher from ₹37,923 crore in Q4 FY24.
Sequentially, the company's profits rose 3.3%, but revenues declined 2%.
For the full FY25, profits saw a marginal increase of 1.8% to ₹26,713 crore, according to a regulatory filing.
Stock markets were closed on Friday for 'Good Friday'.
At 12:05 PM, shares of Infosys are currently trading 2.37% higher at ₹1,453.20 apiece on the NSE.
About The Author
Next Story