Infosys Among 25 Companies Set to Announce Q3 Results Today
Twenty-five companies are announcing Q3 results today, with Infosys leading the pack alongside Groww, HDFC AMC, and other major corporations. Brokerages expect Infosys to post high single-digit net profit growth of up to 9% year-on-year and revenue growth of 8-9%, despite seasonal headwinds from furloughs and fewer working days. HDFC AMC is projected to show 5% QoQ growth in QAAUM driven by strong flows and positive mark-to-market gains.
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The third quarter earnings season is in full swing with 25 companies scheduled to announce their financial results today. Among the key companies reporting, Infosys stands out as the most significant, alongside other major players including Groww, HDB Financial Services, HDFC AMC, ICICI Prudential AMC, and Waaree Renewable Technologies.
The complete list of companies announcing results today also includes Anand Rathi Share and Stock Brokers, Eveready Industries, Den Networks, Network18 Media, Indosolar, Aditya Birla Money, Union Bank, Indian Overseas Bank, and Mangalore Refinery, among others.
Infosys Q3 Performance Expectations
Brokerages are anticipating a seasonally weak performance from India's second-largest IT services company, with limited sequential growth expected. The December quarter typically faces headwinds from furloughs and a reduced number of working days, which are expected to impact near-term growth momentum.
Despite these seasonal challenges, analysts remain optimistic about the company's fundamental performance. Estimates from four brokerages suggest the following growth trajectory:
| Metric | Expected Growth (YoY) |
|---|---|
| Net Profit | Up to 9% |
| Revenue | 8% to 9% |
Steady deal execution and ongoing cost optimization measures are expected to provide some cushion against the seasonal headwinds, supporting the company's overall performance during the quarter.
Guidance and Outlook Expectations
Investors will be particularly focused on any potential changes to the company's forward-looking guidance. Brokerage houses have differing views on the likely direction:
HDFC Securities expects Infosys to raise its FY26 revenue growth guidance by 1% to a range of 3% to 4%, while maintaining its operating margin guidance of 20% to 22%.
Elara Capital takes a more conservative stance, anticipating that Infosys will maintain its FY26 revenue growth guidance at the current 2% to 3% range. This expectation is based on a relatively low ask rate of between -1.50% and -0.20% for the next two quarters.
Key Areas of Management Focus
Beyond the headline financial numbers, investors will closely track management commentary on several critical business aspects:
- Deal pipeline strength and new client acquisitions
- Pace of deal ramp-ups and project implementations
- Utilization levels across different service lines
- Margin trajectory and cost management initiatives
- Client spending trends amid continued global macroeconomic uncertainty
HDFC AMC Q3 Projections
Among other significant companies reporting today, HDFC AMC is expected to show robust performance in its domestic mutual fund business. Analysts are building in strong growth expectations:
| Parameter | Q3 Expectation |
|---|---|
| Overall QAAUM Growth | 5% QoQ |
| Core PBT Growth | 10% YoY |
| Revenue Growth | 13% YoY |
| Expense Growth | 25% YoY |
The projected 5% quarter-on-quarter growth in overall Quarterly Average Assets Under Management reflects strong investor flows and positive mark-to-market gains. However, analysts expect yields to decline quarter-on-quarter due to asset under management growth. Other income is anticipated to increase due to mark-to-market gains, with focus remaining on the stability of retail flows and yield management.
Historical Stock Returns for Infosys
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.19% | -0.82% | +0.05% | +0.26% | -18.51% | +15.27% |
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