Infosys Shares Decline 1.45% Ahead of Q4 Earnings Release Amid Seasonal Factors and Weak Rupee Pressures

Infosys Shares Trade Lower Ahead of Q4 Earnings Announcement

Share prices of Infosys, India's second-largest IT company, were down 1.44 percent in morning trade on April 23, ahead of the company's Q4 earnings announcement later in the day. According to the latest National Stock Exchange (NSE) data, Infosys stock was trading at Rs 1,250.70.

The company is set to announce its March quarter earnings, with its FY27 guidance, AI roadmap, and dividend expected to remain in focus. In its previous earnings report, Infosys had reported an 8.9 percent year-on-year rise in consolidated revenue to Rs 45,479 crore in Q3FY26 from Rs 41,764 crore in Q3FY25. However, its net profit (after non-controlling interests) declined 2.2 percent year-on-year to Rs 6,654 crore in Q3FY26 from Rs 6,806 crore in Q3FY25.

The Nifty IT Index was trading lower amid weak Q4 numbers across the sector. Apart from Infosys, HCL Technologies and Wipro were among the major losers in morning trade on Thursday. HCL Technologies was trading at Rs 1,282.80, down 0.19 percent, while Wipro was at Rs 203.90, lower by 0.05 percent.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

In contrast, shares of Tata Consultancy Services (TCS) were trading marginally higher in Thursday's session. Latest NSE data showed the stock up 0.17 percent at Rs 2,542.80, after touching an intraday high of Rs 2,551.00 and a low of Rs 2,518.40.

Kotak Institutional Equities has forecast a decline in Infosys' revenue by 1 percent quarter-to-quarter (QoQ) due to seasonal weakness. The firm expects stable revenues from the sale of third-party items, stable margins, and a large deal TCV of US$2.5-2.75 billion, which is stable on a year-over-year comparison.