Infosys Q3 Results: Net Profit Surges 13% To Rs 6,586 Crore

Infosys announced a 13.4% increase in its consolidated net profit for the quarter ended in December 2022, at Rs 6,586 crore. In the same quarter last year, the second-largest IT company in the nation reported a net profit of Rs 5,809 crore.

According to an exchange filing by Infosys, its consolidated revenue from operations increased 20.2 percent to Rs 38,318 crore from Rs 31,867 crore in the same quarter last year.

The reported figures exceeded expectations. A survey of brokerages predicted that consolidated revenue would increase by 18% year over year (YoY) to Rs 37,613 crore and that consolidated profit after tax (PAT) would rise by 10.5% YoY to Rs 6,418 crore.

YoY revenue growth was 13.7 percent and sequential growth was 2.4 percent in constant currency terms. In terms of overall revenues, digital revenue accounted for 62.9 percent and increased by 21.7 percent in constant currency.