Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 484265.88 Crore) operating in IT Software sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 24570.00 Crore, up 3.82 % from last quarter Sales of Rs 23665.00 Crore and up 8.58 % from last year same quarter Sales of Rs 22629.00 Crore. The Company reported net profit after tax of Rs 4858.00 Crore in latest quarter.
The brokerage upgrades FY21/FY22E EPS estimates by 9%/12% as it adjusts the revenue and EBIT margin trajectory. Infosys should be a key beneficiary in terms of recovery in IT spends in FY22. Additionally, leading operational performance in 1HFY21, coupled with strong deal wins, should translate to strong outperformance on EPS growth (v/s the sector).
Promoters held 13.2 per cent stake in the company as of June 30, 2020, while FIIs held 30.5 per cent, DIIs 25.4 per cent and public and others 31 per cent.