Infosys, the country’s second largest exporter, on Friday reported higher-than-expected 38.3 per cent growth in consolidated net profit at Rs 5,129 crore for the third quarter ended December 31, 2017 as compared to Rs 3,708 crore in the same period last year.
On the standalone basis, the company posted 66.82 per cent growth in net profit at Rs 6,004.00 crore for the third quarter ended December 31, 2017 as compared to Rs 3,599.00 crore in the same period last year.
“Net revenue of Bengaluru-based firm rose by 4.56 per cent at Rs 15,631.00 crore in October-December quarter of this fiscal as against Rs 14,949.00 crore in the corresponding period last year,” Infosys said in a filing to the Bombay Stock Exchange.
During October-December quarter, operating profit surged by 1.09 per cent to Rs 4,465.00 crore as against Rs 4,417.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.32 per cent in December quarter.
Other Income grew by 124.97 per cent at Rs 1,811.00 crore versus (Dec'16 Rs 805.00 crore).
Looking forward, the company expects revenues to grow 5.5 per cent-6.5 per cent in constant currency for the fiscal year ending March 31, 2018, while in USD terms it is pegged at 6.5 per cent -7.5 per cent.
Meanwhile, shares of company closed trade at Rs 1,078.40 apiece, up 0.26 per cent, on the Bombay Stock Exchange on Friday.