INFOSYS Announces Quarterly Results (3QFY20); Net Profit Up 23.7%

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INFOSYS Announces Quarterly Results (3QFY20); Net Profit Up 23.7%
Mon, 13 Jan

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

INFOSYS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m214,000226,290230,9202.0%7.9%
Other incomeRs m7,5306,2608,27032.1%9.8%
TurnoverRs m221,530232,550239,1902.9%8.0%
ExpensesRs m164,410169,900172,9101.8%5.2%
Gross profitRs m49,59056,39058,0102.9%17.0%
DepreciationRs m5,8007,2707,3701.4%27.1%
InterestRs m04204200.0%0.0%
Profit before taxRs m51,32054,96058,4906.4%14.0%
TaxRs m15,22014,59013,830-5.2%-9.1%
Profit after taxRs m36,10040,37044,66010.6%23.7%
Gross profit margin%23.224.925.1
Effective tax rate%29.726.523.6
Net profit margin%16.317.418.7
* 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 7.9% on a year-on-year (YoY) basis. The expenses were up by 5.2% YoY during the same period.
  • The company's operating profit increased by 17.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.1% in 3QFY20 as against 23.2% in 3QFY19.
  • Depreciation charges increased by 27.1% and finance costs increased by 0.0% YoY, respectively.
  • Other income increased by 9.8% YoY during the quarter.
  • Net profit for the quarter increased by 23.7% YoY. Net profit margins during the quarter increased from 16.3% in 3QFY19 to 18.7% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.8% QoQ during the same period.
  • The company's operating profit increased by 2.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.1% in 3QFY20 as against 24.9% in 2QFY19.
  • Net profit for the quarter increased by 10.6% QoQ, while net profit margins increased from 17.4% in 2QFY19 to 18.7% in 3QFY20.

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 683.7 to Rs 769.0, registering a Gain of Rs 85.3 or around 12.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,002.8 (up 1.5%). Over the last one year it has moved up from 14,048.3 to 16,002.8, a gain of 1,955 points (up 13.9%).

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 769.0, the price to earnings (P/E) ratio of INFOSYS stands at 20.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.1 times.

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