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INFO EDGE Announces Quarterly Results (2QFY19); Net Profit Down 0.6%

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INFO EDGE Announces Quarterly Results (2QFY19); Net Profit Down 0.6%
Tue, 6 Nov

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

INFO EDGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,2522,5952,6502.1%17.7%
Other incomeRs m26223627516.3%5.0%
TurnoverRs m2,5142,8322,9253.3%16.4%
ExpensesRs m1,3641,7531,8254.1%33.8%
Gross profitRs m84768382520.8%-2.6%
DepreciationRs m535352-1.7%-1.8%
InterestRs m00022.2%-21.4%
Profit before taxRs m1,0568661,04821.0%-0.8%
TaxRs m27023626713.0%-1.2%
Profit after taxRs m78663078124.0%-0.6%
Gross profit margin%37.626.331.1
Effective tax rate%25.627.325.5
Net profit margin%31.222.226.7
* 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 17.7% on a year-on-year (YoY) basis. The expenses were up by 33.8% YoY during the same period.
  • The company's operating profit declined by 2.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 31.1% in 2QFY19 as against 37.6% in 2QFY18.
  • Depreciation charges declined by 1.8% and finance costs declined by 21.4% YoY, respectively.
  • Other income increased by 5.0% YoY during the quarter.
  • Net profit for the quarter declined by 0.6% YoY. Net profit margins during the quarter declined from 31.2% in 2QFY18 to 26.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.1% QoQ during the same period.
  • The company's operating profit increased by 20.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 31.1% in 2QFY19 as against 26.3% in 1QFY18.
  • Net profit for the quarter increased by 24.0% QoQ, while net profit margins increased from 22.2% in 1QFY18 to 26.7% in 2QFY19.

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 1,185.0 to Rs 1,422.7, registering a Gain of Rs 237.7 or around 20.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,214.1 (up 0.9%). Over the last one year it has moved up from 10,474.4 to 14,214.1, a gain of 3,740 points (up 35.7%).

Overall, the S&P BSE SENSEX is up 4.1% over the year.

Current Valuations

At the current price of Rs 1,422.7, the price to earnings (P/E) ratio of INFO EDGE stands at 94.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.3 times.

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