However, the company's operating margin witnessed a marginal decline. The operating margin stands at 20.1 per cent, a decline of 0.9 per cent on a year-on-year basis and 0.4 per cent from the December quarter.
Consolidated revenue for the quarter came in at Rs 38,821 crore, up 1.3 percent YoY. Revenues for the quarter were marginally above analyst estimates of Rs 38,630 crore
Infosys ADRs are currently trading at $18.99, up about 4.8% from the previous close. The Bengaluru-based software exporters net profit fell 7% to Rs 6,106 crore in the quarter ended December. However, the profit figure was on par with ET Now poll estimate of Rs 6,140 crore.
Infosys witnesses a 7.3% YoY decline in net profit to ₹6,106 crore in Q3 FY24. Despite the decline, Infosys shares listed on the US stock market rose by 4.9% during opening trade on January 11.