Revenue guidance missed by Infosys of 16-16.5% for FY23. Q4 FY23 revenue was affected due to unplanned ramp down and delays in decision making by clients. Verticals which were affected were telecom, Hi-Tech, Retail and Financial services. In the financial services there were pockets which were weak like asset management, mortgage and investment banking.
Apart from 7,324 MW of legally declared COD, they also have another 830 MW of operational capacity which is in the process of being legally binding-declared COD, so effectively they have 8,154 MW of operational capacity.
Discussing about the short selling report, management explained that they have submitted their responses and refuted the allegations. They stated that there is no material adjustment to financial statements.
Revenue has increased QoQ (3.96%) but revenue on YoY has reduced marginally 1.74%. Increase in the revenue QoQ came from advertisement revenue which has increased by 5% and subscription revenue has increased by 9%.
Besides proposed cold repair, GMB is also executing the capex plans for raising production capacity by 15-20% along with debottlenecking and new machineries to increase efficiencies and also gain ability to supply larger sized glass and make the processes more efficient.
YoY revenue has increased by 27% due to an increase in the number of store counts and also the price hike the company has taken at the start of the year. QoQ revenue has increased by 6% for the same reason.