Infosys, India’s second-largest IT services and consulting firm, is set to announce its financial results for the March quarter on Thursday, April 17, at 3:45 PM. Alongside its Q4 earnings, the company’s board will also consider recommending a final dividend for FY25. Following the results announcement, Infosys will host a press conference at 4:15 PM and an earnings call at 5:30 PM the same day to discuss performance highlights and future outlook.
Analysts are expecting a mixed bag from the IT major. While revenue is likely to grow in double digits year-on-year, net profit is projected to decline by around 15% YoY. Sequentially, Infosys may report the steepest revenue decline among top-tier IT firms in constant currency terms. This dip in performance is attributed to several factors, including wage hikes and rising visa costs, which are expected to weigh on margins. However, these may be partly offset by cost optimization initiatives and a reduction in third-party spending.
Segment-wise, managed services are likely to remain more resilient, while discretionary spending—which forms a significant part of Infosys’ portfolio—is expected to remain under pressure. Brokerage firm Kotak pointed out that, similar to Wipro, Infosys’ higher reliance on discretionary projects may make it more vulnerable in the current weak demand environment.
Brokerages have already begun forecasting the numbers. Sharekhan estimates that Infosys will post a net profit of ₹6,772 crore, down 15% YoY, with revenue at ₹41,933 crore, reflecting a 10.6% increase. Nuvama predicts a 1% quarter-on-quarter drop in constant currency revenue, and a 1.5% QoQ dip in dollar revenue, aligning with the lower end of Infosys’ own guidance. They also expect a 100 basis point contraction in EBIT margins, mainly due to the wage hike impact. For FY26, Nuvama anticipates Infosys will guide for 2–5% revenue growth in CC terms and maintain a 20–22% EBIT margin band. Their net profit estimate stands at ₹6,720 crore, while projected sales are ₹42,096 crore, with dollar revenue coming in at $4.867 billion, up 6.6% YoY.
Foreign brokerage Nomura emphasized that investor attention will be focused on management commentary around discretionary client spending, especially given rising macroeconomic uncertainties in the United States. Updates on cost takeout initiatives and trends in the Banking, Financial Services, and Insurance (BFSI) sector will also be closely monitored. The company’s forward-looking guidance on revenue and margins for FY26 will likely set the tone for investor sentiment moving ahead.
