INFOSYS Announces Quarterly Results (2QFY21); Net Profit Up 20.3%

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INFOSYS Announces Quarterly Results (2QFY21); Net Profit Up 20.3%
Thu, 15 Oct

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

INFOSYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m226,290236,650245,7003.8%8.6%
Other incomeRs m6,2604,7505,70020.0%-8.9%
TurnoverRs m232,550241,400251,4004.1%8.1%
ExpensesRs m169,900175,440174,870-0.3%2.9%
Gross profitRs m56,39061,21070,83015.7%25.6%
DepreciationRs m7,2707,5608,55013.1%17.6%
InterestRs m4204804800.0%14.3%
Profit before taxRs m54,96057,92067,50016.5%22.8%
TaxRs m14,59015,20018,92024.5%29.7%
Profit after taxRs m40,37042,72048,58013.7%20.3%
Gross profit margin%24.925.928.8
Effective tax rate%26.526.228.0
Net profit margin%17.417.719.3
* 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 8.6% on a year-on-year (YoY) basis. The expenses were up by 2.9% YoY during the same period.
  • The company's operating profit increased by 25.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.8% in 2QFY21 as against 24.9% in 2QFY20.
  • Depreciation charges increased by 17.6% and finance costs increased by 14.3% YoY, respectively.
  • Other income declined by 8.9% YoY during the quarter.
  • Net profit for the quarter increased by 20.3% YoY. Net profit margins during the quarter increased from 17.4% in 2QFY20 to 19.3% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% 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 15.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.8% in 2QFY21 as against 25.9% in 1QFY20.
  • Net profit for the quarter increased by 13.7% QoQ, while net profit margins increased from 17.7% in 1QFY20 to 19.3% in 2QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

INFOSYS Share Price Performance

Over the last one year, INFOSYS share price has moved up from Rs 767.8 to Rs 1,136.1, registering a Gain of Rs 368.3 or around 48.0%.

Meanwhile, the S&P BSE IT Index is trading at Rs 22,312.6 (down 1.5%). Over the last one year it has moved up from 15,224.4 to 22,312.6, a gain of 7,088 points (up 46.6%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 1,136.1, the price to earnings (P/E) ratio of INFOSYS stands at 27.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.5 times.

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