INFO EDGE Announces Quarterly Results (4QFY19); Net Profit Up 582.0%

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INFO EDGE Announces Quarterly Results (4QFY19); Net Profit Up 582.0%
Thu, 30 May

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

INFO EDGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m2,4072,8112,9274.1%21.6%
Other incomeRs m2252963042.8%35.1%
TurnoverRs m2,6323,1073,2314.0%22.8%
ExpensesRs m1,8131,9782,0141.8%11.1%
Gross profitRs m-110833738-11.4%
DepreciationRs m565049-2.2%-12.2%
InterestRs m000-16.7%11.1%
Profit before taxRs m601,079994-7.9%1567.0%
TaxRs m197336331-1.5%67.6%
Profit after taxRs m-138743663-10.8%
Gross profit margin%-4.629.625.2
Effective tax rate%330.831.133.3
Net profit margin%-5.223.920.5
* 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 21.6% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
  • The company's operating profit declined by 771.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.2% in 4QFY19 as against 4.6% in 4QFY18.
  • Depreciation charges declined by 12.2% and finance costs increased by 11.1% YoY, respectively.
  • Other income increased by 35.1% YoY during the quarter.
  • Net profit for the quarter increased by 582.0% YoY. Net profit margins during the quarter increased from -5.2% in 4QFY18 to 20.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.8% QoQ during the same period.
  • The company's operating profit declined by 11.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.2% in 4QFY19 as against 29.6% in 3QFY18.
  • Net profit for the quarter declined by 10.8% QoQ, while net profit margins declined from 23.9% in 3QFY18 to 20.5% in 4QFY19.

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 1,293.5 to Rs 2,101.0, registering a Gain of Rs 807.5 or around 62.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,566.9 (up 0.7%). Over the last one year it has moved up from 13,352.4 to 15,566.9, a gain of 2,215 points (up 16.6%).

Overall, the S&P BSE SENSEX is up 13.6% over the year.

Current Valuations

At the current price of Rs 2,101.0, the price to earnings (P/E) ratio of INFO EDGE stands at 89.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 12.3 times.

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