Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY

Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation

Bengaluru-based IT giant Infosys is expected to report muted revenue growth in the October-December quarter of 2022-2023 (Q3FY23) due to higher furloughs and fewer large deals. 

Though the firm's operating margin could improve in the range of 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation.   

The company will report its Q3 earnings on Thursday along with peer HCL Technologies. 

As per an average of 5 estimates compiled by Business Standard, Infosys’ Q3 revenue could rise 18-19 per cent year-on-year (YoY) to Rs 37,838 crore, while net profit may grow