INFOSYS Announces Quarterly Results (1QFY21); Net Profit Up 12.4%

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INFOSYS Announces Quarterly Results (1QFY21); Net Profit Up 12.4%
Thu, 16 Jul

INFOSYS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

INFOSYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m218,030232,670236,6501.7%8.5%
Other incomeRs m7,3606,1404,750-22.6%-35.5%
TurnoverRs m225,390238,810241,4001.1%7.1%
ExpensesRs m166,510175,910175,440-0.3%5.4%
Gross profitRs m51,52056,76061,2107.8%18.8%
DepreciationRs m6,8107,4907,5600.9%11.0%
InterestRs m4004504806.7%20.0%
Profit before taxRs m51,67054,96057,9205.4%12.1%
TaxRs m13,65011,61015,20030.9%11.4%
Profit after taxRs m38,02043,35042,720-1.5%12.4%
Gross profit margin%23.624.425.9
Effective tax rate%26.421.126.2
Net profit margin%16.918.217.7
* 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 8.5% on a year-on-year (YoY) basis. The expenses were up by 5.4% YoY during the same period.
  • The company's operating profit increased by 18.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 1QFY21 as against 23.6% in 1QFY20.
  • Depreciation charges increased by 11.0% and finance costs increased by 20.0% YoY, respectively.
  • Other income declined by 35.5% YoY during the quarter.
  • Net profit for the quarter increased by 12.4% YoY. Net profit margins during the quarter increased from 16.9% in 1QFY20 to 17.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.3% QoQ during the same period.
  • The company's operating profit increased by 7.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.9% in 1QFY21 as against 24.4% in 4QFY20.
  • Net profit for the quarter declined by 1.5% QoQ, while net profit margins declined from 18.2% in 4QFY20 to 17.7% in 1QFY21.

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

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INFOSYS Share Price Performance

Over the last one year,INFOSYS share price has moved up from Rs 785.0 to Rs 914.6, registering a Gain of Rs 129.6 or around 16.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 17,458.1 (up 5.7%). Over the last one year it has moved up from 15,576.1 to 17,458.1, a gain of 1,882 points (up 12.1%).

Overall, the S&P BSE SENSEX is down 7.0% over the year.

Current Valuations

At the current price of Rs 914.6, the price to earnings (P/E) ratio of INFOSYS stands at 23.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.0 times.

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