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INFO EDGE Announces Quarterly Results (3QFY19); Net Profit Up 39.3%

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INFO EDGE Announces Quarterly Results (3QFY19); Net Profit Up 39.3%
Wed, 30 Jan

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

INFO EDGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,2722,6502,8116.1%23.7%
Other incomeRs m2202752967.7%34.6%
TurnoverRs m2,4912,9253,1076.2%24.7%
ExpensesRs m1,4831,8251,9788.4%33.3%
Gross profitRs m6198258330.9%34.5%
DepreciationRs m535250-4.4%-5.1%
InterestRs m0009.1%14.3%
Profit before taxRs m7861,0481,0793.0%37.2%
TaxRs m25326733625.8%32.8%
Profit after taxRs m533781743-4.8%39.3%
Gross profit margin%27.331.129.6
Effective tax rate%32.225.531.1
Net profit margin%21.426.723.9
* 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 23.7% on a year-on-year (YoY) basis. The expenses were up by 33.3% YoY during the same period.
  • The company's operating profit increased by 34.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.6% in 3QFY19 as against 27.3% in 3QFY18.
  • Depreciation charges declined by 5.1% and finance costs increased by 14.3% YoY, respectively.
  • Other income increased by 34.6% YoY during the quarter.
  • Net profit for the quarter increased by 39.3% YoY. Net profit margins during the quarter increased from 21.4% in 3QFY18 to 23.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.4% QoQ during the same period.
  • The company's operating profit declined by 0.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.6% in 3QFY19 as against 31.1% in 2QFY18.
  • Net profit for the quarter declined by 4.8% QoQ, while net profit margins declined from 26.7% in 2QFY18 to 23.9% in 3QFY19.

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 1,374.1 to Rs 1,699.6, registering a Gain of Rs 325.5 or around 23.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,968.5 (up 0.2%). Over the last one year it has moved up from 12,697.3 to 14,968.5, a gain of 2,271 points (up 17.9%).

Overall, the S&P BSE SENSEX is down 1.7% over the year.

Current Valuations

At the current price of Rs 1,699.6, the price to earnings (P/E) ratio of INFO EDGE stands at 101.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.0 times.

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