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INFOSYS LTD Announces Quarterly Results (2QFY19); Net Profit Up 10.3%

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INFOSYS LTD Announces Quarterly Results (2QFY19); Net Profit Up 10.3%
Wed, 17 Oct

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

INFOSYS LTD Quarterly Financials

No. of Mths
Qtr. Ending		3
Sep-17* 		3
Jun-18* 		3
Sep-18* 		QoQ ChangeYoY Change
Net SalesRs m175,670191,280206,0907.7%17.3%
Other incomeRs m8,8307,2607,3901.8%-16.3%
TurnoverRs m184,500198,540213,4807.5%15.7%
ExpensesRs m128,650144,250152,5205.7%18.6%
Gross profitRs m47,02047,03053,57013.9%13.9%
DepreciationRs m4,5604,3604,6306.2%1.5%
InterestRs m0000.0%0.0%
Profit before taxRs m51,29049,93056,33012.8%9.8%
TaxRs m14,03013,81015,23010.3%8.6%
Profit after taxRs m37,26036,12041,10013.8%10.3%
Gross profit margin%26.824.626.0
Effective tax rate%27.427.727.0
Net profit margin%20.218.219.3
* 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 17.3% on a year-on-year (YoY) basis. The expenses were up by 18.6% YoY during the same period.
  • The company's operating profit increased by 13.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.0% in 2QFY19 as against 26.8% in 2QFY18.
  • Depreciation charges increased by 1.5% YoY, respectively.
  • Other income declined by 16.3% YoY during the quarter.
  • Net profit for the quarter increased by 10.3% YoY. Net profit margins during the quarter declined from 20.2% in 2QFY18 to 19.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.7% QoQ during the same period.
  • The company's operating profit increased by 13.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.0% in 2QFY19 as against 24.6% in 1QFY18.
  • Net profit for the quarter increased by 13.8% QoQ, while net profit margins increased from 18.2% in 1QFY18 to 19.3% in 2QFY19.

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

INFOSYS LTD Share Price Performance

Over the last one year, INFOSYS LTD share price has moved up from Rs 465.7 to Rs 690.0, registering a Gain of Rs 224.3 or around 48.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,681. Over the last one year it has moved up from 10,405.2 to 14,681.0, a gain of 4,276 points (up 41.1%).

Overall, the S&P BSE SENSEX is up 8.4% over the year.

Current Valuations

At the current price of Rs 690.0, the price to earnings (P/E) ratio of INFOSYS LTD stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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For the quarter ended March 2019, INFOSYS has posted a net profit of Rs 41 bn (up 10.5% YoY). Sales on the other hand came in at Rs 215 bn (up 19.1% YoY). Read on for a complete analysis of INFOSYS's quarterly results.

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