Infosys Q4 results shows net profit of Rs 2,316 crore for the fourth quarter of FY12 which is a fall of 2.36% QoQ. The highlights are as following:
- Revenues fell 4.8% QoQ to Rs 8,852 crore
- Earnings before interest and tax too dropped 8.7% QoQ to Rs 2,647 crore
- EBIT margin dropped at 29.9% in the fourth quarter of FY12 as against 31.17%
- Investors will get a special dividend of Rs 10 a share, says the channel.
Verdict
No doubt at present juncture a number of brokerages and Analysts will give a sell call but as on today stock is prevalent at a good valuation as poor results have taken a knock of the high price prevalent in the stock. In short term one can buy at lower levels and exit at higher levels from this stock but can gradually add this stock to the portfolio for the long term as Infosys is one company which is a Navratna of IT industry which is a challenging sector.
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