Infosys Q4 Results 2010 | Infy Q4 Results | Infosys Results 2010
The guidance by IT bellwether Infosys for the year ending March 2011 (FY 2011) will set the tone for market. Infosys is announcing Q4 March 2010 and the year ended March 2010 (FY 2010) results today, 13 April 2010. Meanwhile, investors have heaved a sigh of relief as the government has brokered a truce between the two warring financial sector regulators — the Securities and Exchange Board of India (Sebi) and Insurance Regulatory and Development Authority of India (Irda) — over the supervision of unit-linked insurance plans (Ulips), signalling a return to normal business for the insurance industry. Asian stocks were mixed on Tuesday, 13 April 2010.
The Sensex is now weak at 17,784, down 62 points. The NSE Nifty is 21 points down at 5,319.
The company has reported a net profit of Rs 1,617 crore for the fourth quarter ended March 2010, as per Indian GAAP standards.
Revenues during the period stood at Rs 5,944 crore.
The company has recommended final dividend of Rs 15/ per share.
Hero Honda has slipped 4% to Rs 2,003 and Infosys is down 1.5% at Rs 2,644.
Tata Motors, Sterlite, Reliance Communication and ICICI Bank have slipped 1% each.
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