Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 671615.23 Crore) operating in IT Software sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 28518.00 Crore, up 6.19 % from last quarter Total Income of Rs 26856.00 Crore and up 18.14 % from last year same quarter Total Income of Rs 24140.00 Crore. Company reported net profit after tax of Rs 5201.00 Crore in latest quarter.
Investment Rationale
The brokerage has cut FY22E/FY23E EPS estimate by 3.2%/1.6% to encompass margin pressure due to ongoing supply crunch in the industry and expected increase in travel expenses. It continues to view Infosys as a key beneficiary of a recovery in IT spends in FY22, given its capabilities around Cloud and digital transformation.
Promoter/FII Holdings
Promoters held 13 per cent stake in the company as of June 30, 2021, while FIIs held 33.8 per cent, DIIs 22 per cent and public and others 31.3 per cent.
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