Emkay Global highlighted that headcount additions in Q4FY25 were mixed and cautious, as companies focused on increasing utilisation, controlling costs, and boosting productivity.
Mutual fund favourite stocks: IT firm Coforge, private lender Kotak Mahindra Bank and steelmaker Tata Steel garnered Rs 1,500 crore MF inflows each in April.
Muted analyst expectations for Nifty Q4 PAT going into result season might have led to the FY25 EPS increase. But the EPS downgrade cycle continues given FY26 cuts are sharper than that in February and March.
TCS conveyed optimism that trade-related uncertainties would subside after the first quarter, while Infosys projected typical seasonal trends in Q1, suggesting strong quarter-on-quarter growth.
In the case of Trent, which would announce its quarterly results today, the stock is down 27 per cent, falling to Rs 5,209.30 apiece on Monday from Rs 7,116.15 at the end of December quarter.
Ahead of HCL Tech's Q4 results, Emkay Global said IT companies have not reported negative sequential growth rates outside recessions witnessed during the global financial crisis of 2008 or the 2020 pandemic.
The first week on quarterly earnings saw earnings from three domestic IT majors including TCS, Wipro and Infosys- as all of them disappointed investors with a muted set of earnings.
Infosys also reported an 11.7% decrease in its consolidated net profit for the March quarter, amounting to ₹7,033 crore, down from ₹7,969 crore in the same period last year.
IT major Infosys Ltd on Thursday said its consolidated profit for the March 2024 quarter (Q4 FY25) dropped by 11.75 per cent on a year-on-year (YoY) basis. During the quarter under review, profit came at Rs 7,033 crore as against Rs 7,969 crore in the corresponding period last year (Q4 FY24).
Infosys shares: The steep fall in shares of Infosys came, as Trump assumed role of the US President in Q4 and announced a slew of import duties across trading partners that could impact businesses in key geographies.
Infosys Q4 results: Choice Broking sees Infosys revenue growing 10.5 per cent YoY despite seasonal softness. It sees EBIT margin contracting 10bps QoQ due to wage hikes & lack of topline growth in Q4.