Infosys Q1 results preview: Profit to rise 5-10%; FY21 guidance unlikely

NEW DELHI: Bengaluru-based Infosys NSE 6.36 % is likely to report a 5-10 per cent year-on-year (YoY) growth in the June quarter on a 5-6 per cent rise in sales. Margins are likely to come in at 21 per cent. Similar to March quarter, the second largest IT firm by revenues may refrain from offering any guidance for FY21.

Antique Stock Broking expects the IT firm to report 9.2 per cent rise in YoY profit at Rs 4,146.50 crore compared with Rs 3,798 crore in the same quarter last year. Revenues are seen rising 6.7 per cent to Rs 23,271 crore from Rs 21,803 crore YoY. Margins are seen expanding to 21 per cent from 20.5 per cent YoY.