The company's consolidated net profit for the January-March quarter of the fiscal year 2015-16 rose to Rs 3,597 crore as compared to Rs 3,097 crore in the same period of previous fiscal.
The shares of Infosys on Monday surged over 8% buoyed by the company reporting a better-than-expected 16% rise in the fourth-quarter (Q4) net profit and a strong revenue growth forecast for the current fiscal.
The stock of the country's second-largest IT services company made a positive opening and jumped 8.17% to Rs 1,267.90 -- its 52-week high --at BSE.
At NSE, it soared 8.11% to touch its one-year high of Rs 1,267.90.
The stock was the top gainer among blue-chips on the Sensex and the Nifty in the morning trade.
"Infosys FY17 constant currency revenue guidance at 11.5-13.5% has come ahead of expectations," said Govind Agarwal, Research Analyst-Institutional Equities, Prabhudas Lilladher.
Consolidated net profit at Rs 3,597 crore in January-March of 2015-16 was 16.2% higher than Rs 3,097 crore in the same period of 2014-15, the company had said in a statement on Friday.
Turnover rose 23.4% to Rs 16,550 crore in the fourth quarter (Q4) of 2015-16.
On a sequential basis, Infosys' net profit rose 3.8% from Rs 3,465 crore in the October-December quarter while revenue was up 4.1% from Rs 15,902 crore during the same period.
Infosys said sales will rise between 11.8% and 13.8% in US dollar terms in 2016-17 that began on April 1. Revenue, it added, will grow between 11.5% and 13.5% in constant currency terms, indicating a faster growth rate than the industry average as the company shifts to the high-margin digital services business.
Industry body Nasscom had in February forecast a 10-12% growth for IT and software services exports in 2016-17.
Solid buying in Infosys shares also fuelled the rally in the broader market where the benchmark index was trading higher by 121.41 points at 25,748.16 at 1030 hours.
At 1104 hours, the shares of Infosys were trading up 6.45% slightly lower from its early morning level or Rs 75.65 at Rs 1,247.70 per scrip on the BSE.
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