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INFOSYS LTD Announces Quarterly Results (3QFY19); Net Profit Down 29.6%

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INFOSYS LTD Announces Quarterly Results (3QFY19); Net Profit Down 29.6%
Mon, 14 Jan

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

INFOSYS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m177,940206,090214,0003.8%20.3%
Other incomeRs m9,6207,3907,5301.9%-21.7%
TurnoverRs m187,560213,480221,5303.8%18.1%
ExpensesRs m129,770152,520164,4107.8%26.7%
Gross profitRs m48,17053,57049,590-7.4%2.9%
DepreciationRs m4,9804,6305,80025.3%16.5%
InterestRs m0000.0%0.0%
Profit before taxRs m52,81056,33051,320-8.9%-2.8%
TaxRs m1,52015,23015,220-0.1%901.3%
Profit after taxRs m51,29041,10036,100-12.2%-29.6%
Gross profit margin%27.126.023.2
Effective tax rate%2.927.029.7
Net profit margin%27.319.316.3
* 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 20.3% on a year-on-year (YoY) basis. The expenses were up by 26.7% YoY during the same period.
  • The company's operating profit increased by 2.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.2% in 3QFY19 as against 27.1% in 3QFY18.
  • Depreciation charges increased by 16.5% and finance costs increased by 0.0% YoY, respectively.
  • Other income declined by 21.7% YoY during the quarter.
  • Net profit for the quarter declined by 29.6% YoY. Net profit margins during the quarter declined from 27.3% in 3QFY18 to 16.3% in 3QFY19.
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 up by 7.8% QoQ during the same period.
  • The company's operating profit declined by 7.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.2% in 3QFY19 as against 26.0% in 2QFY18.
  • Net profit for the quarter declined by 12.2% QoQ, while net profit margins declined from 19.3% in 2QFY18 to 16.3% in 3QFY19.

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 539.2 to Rs 697.7, registering a Gain of Rs 158.5 or around 29.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,080.7 (up 0.2%). Over the last one year it has moved up from 11,699.5 to 14,080.7, a gain of 2,381 points (up 20.4%).

Overall, the S&P BSE SENSEX is up 3.9% over the year.

Current Valuations

At the current price of Rs 697.7, the price to earnings (P/E) ratio of INFOSYS LTD stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.7 times.

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

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For the quarter ended September 2018, INFOSYS LTD has posted a net profit of Rs 41 bn (up 10.3% YoY). Sales on the other hand came in at Rs 206 bn (up 17.3% YoY). Read on for a complete analysis of INFOSYS LTD's quarterly results.

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