INFOSYS Announces Quarterly Results (1QFY20); Net Profit Up 5.3%

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INFOSYS Announces Quarterly Results (1QFY20); Net Profit Up 5.3%
Mon, 15 Jul

INFOSYS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

INFOSYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m191,280215,390218,0301.2%14.0%
Other incomeRs m7,2606,6507,36010.7%1.4%
TurnoverRs m198,540222,040225,3901.5%13.5%
ExpensesRs m144,250163,900166,5101.6%15.4%
Gross profitRs m47,03051,49051,5200.1%9.5%
DepreciationRs m4,3605,3106,81028.2%56.2%
InterestRs m004000.0%0.0%
Profit before taxRs m49,93052,83051,670-2.2%3.5%
TaxRs m13,81012,05013,65013.3%-1.2%
Profit after taxRs m36,12040,78038,020-6.8%5.3%
Gross profit margin%24.623.923.6
Effective tax rate%27.722.826.4
Net profit margin%18.218.416.9
* 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 14.0% on a year-on-year (YoY) basis. The expenses were up by 15.4% YoY during the same period.
  • The company's operating profit increased by 9.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.6% in 1QFY20 as against 24.6% in 1QFY19.
  • Depreciation charges increased by 56.2% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 1.4% YoY during the quarter.
  • Net profit for the quarter increased by 5.3% YoY. Net profit margins during the quarter declined from 18.2% in 1QFY19 to 16.9% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.6% QoQ during the same period.
  • The company's operating profit declined by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.6% in 1QFY20 as against 23.9% in 4QFY19.
  • Net profit for the quarter declined by 6.8% QoQ, while net profit margins declined from 18.4% in 4QFY19 to 16.9% in 1QFY20.

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

INFOSYS Share Price Performance

Over the last one year,INFOSYS share price has moved up from Rs 654.5 to Rs 768.4, registering a Gain of Rs 113.8 or around 17.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,463.9 (up 2.4%). Over the last one year it has moved up from 14,385.7 to 15,463.9, a gain of 1,078 points (up 7.5%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 768.4, the price to earnings (P/E) ratio of INFOSYS stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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