Infosys Q3 PAT seen down 8% at Rs 2191cr: KRChoksey

KRChoksey has come out with its earnings estimates on Infosys for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 3% at Rs 10,142 crore, quarter-on-quarter (QoQ) basis.

The company's net profit is seen down 8% at Rs 2,191 crore, QoQ.

KRChoksey Q3FY13 earning estimates of Infosys:

Expect margin pressure led by adverse impact of wage hike for offshore based employees w.e.f. October 2012.

Expect forex gain of Rs.2 crore in Q3 FY13E against forex gain of Rs.157 crore in Q2 FY13.

Key factors to watch out for in the result is revision in revenue guidance (in USD terms) for FY13E, trend in billing rate and momentum in discretionary spend areas

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