INFO EDGE Announces Quarterly Results (1QFY20); Net Profit Up 5.9%

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INFO EDGE Announces Quarterly Results (1QFY20); Net Profit Up 5.9%
Wed, 28 Aug

INFO EDGE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

INFO EDGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,5952,9273,1286.9%20.5%
Other incomeRs m236304245-19.4%3.8%
TurnoverRs m2,8323,2313,3734.4%19.1%
ExpensesRs m1,7532,0142,1185.2%20.8%
Gross profitRs m68373892825.7%35.9%
DepreciationRs m534999102.9%86.4%
InterestRs m00188685.0%9661.1%
Profit before taxRs m8669941,0576.4%22.1%
TaxRs m23633139017.9%65.0%
Profit after taxRs m6306636670.7%5.9%
Gross profit margin%26.325.229.7
Effective tax rate%27.333.336.9
Net profit margin%22.220.519.8
* 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 20.5% on a year-on-year (YoY) basis. The expenses were up by 20.8% YoY during the same period.
  • The company's operating profit increased by 35.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 1QFY20 as against 26.3% in 1QFY19.
  • Depreciation charges increased by 86.4% and finance costs increased by 9661.1% YoY, respectively.
  • Other income increased by 3.8% YoY during the quarter.
  • Net profit for the quarter increased by 5.9% YoY. Net profit margins during the quarter declined from 22.2% in 1QFY19 to 19.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 25.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 1QFY20 as against 25.2% in 4QFY19.
  • Net profit for the quarter increased by 0.7% QoQ, while net profit margins declined from 20.5% in 4QFY19 to 19.8% in 1QFY20.

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

INFO EDGE Share Price Performance

Over the last one year,INFO EDGE share price has moved up from Rs 1,548.7 to Rs 2,009.4, registering a Gain of Rs 460.8 or around 29.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,900.3 (up 0.6%). Over the last one year it has moved up from 15,351.5 to 15,900.3, a gain of 549 points (up 3.6%).

Overall, the S&P BSE SENSEX is down 2.7% over the year.

Current Valuations

At the current price of Rs 2,009.4, the price to earnings (P/E) ratio of INFO EDGE stands at 84.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.5 times.

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