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INFINITE COMPUTER Announces Quarterly Results (2QFY19); Net Profit Down 9.7%

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INFINITE COMPUTER Announces Quarterly Results (2QFY19); Net Profit Down 9.7%
Tue, 27 Nov

INFINITE COMPUTER has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

INFINITE COMPUTER Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,0486,9497,4687.5%6.0%
Other incomeRs m198480-4.4%327.1%
TurnoverRs m7,0677,0337,5487.3%6.8%
ExpensesRs m6,5746,4817,1159.8%8.2%
Gross profitRs m474468353-24.6%-25.6%
DepreciationRs m8481888.1%3.9%
InterestRs m71413-2.2%97.1%
Profit before taxRs m402457332-27.3%-17.3%
TaxRs m11918077-57.5%-35.5%
Profit after taxRs m283277256-7.7%-9.7%
Gross profit margin%6.76.74.7
Effective tax rate%29.639.423.1
Net profit margin%4.03.93.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 6.0% on a year-on-year (YoY) basis. The expenses were up by 8.2% YoY during the same period.
  • The company's operating profit declined by 25.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 2QFY19 as against 6.7% in 2QFY18.
  • Depreciation charges increased by 3.9% and finance costs increased by 97.1% YoY, respectively.
  • Other income increased by 327.1% YoY during the quarter.
  • Net profit for the quarter declined by 9.7% YoY. Net profit margins during the quarter declined from 4.0% in 2QFY18 to 3.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.8% QoQ during the same period.
  • The company's operating profit declined by 24.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 2QFY19 as against 6.7% in 1QFY18.
  • Net profit for the quarter declined by 7.7% QoQ, while net profit margins declined from 3.9% in 1QFY18 to 3.4% in 2QFY19.

To see how INFINITE COMPUTER has performed over the last eight quarters, please visit here.

INFINITE COMPUTER Share Price Performance

Over the last one year, INFINITE COMPUTER share price has moved up from Rs 255.8 to Rs 470.5, registering a Gain of Rs 214.7 or around 83.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,755.7 (up 1.3%). Over the last one year it has moved up from 10,911.8 to 13,755.7, a gain of 2,844 points (up 26.1%).

Overall, the S&P BSE SENSEX is up 5.2% over the year.

Current Valuations

At the current price of Rs 470.5, the price to earnings (P/E) ratio of INFINITE COMPUTER stands at 16.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.

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