INFO EDGE Announces Quarterly Results (3QFY20); Net Profit Up 18.5%
Mon, 17 Feb

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

INFO EDGE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,8113,1663,2051.2%14.0%
Other incomeRs m296232204-12.1%-31.1%
TurnoverRs m3,1073,3983,4090.3%9.7%
ExpensesRs m1,9782,1732,146-1.3%8.5%
Gross profitRs m8332441,029322.2%23.6%
DepreciationRs m501011043.8%109.4%
InterestRs m01716-4.7%6691.7%
Profit before taxRs m1,0793581,112210.6%3.1%
TaxRs m336266232-12.7%-30.9%
Profit after taxRs m74393880851.2%18.5%
Gross profit margin%29.67.732.1
Effective tax rate%31.174.220.9
Net profit margin%23.92.725.8
* 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 14.0% on a year-on-year (YoY) basis. The expenses were up by 8.5% YoY during the same period.
  • The company's operating profit increased by 23.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.1% in 3QFY20 as against 29.6% in 3QFY19.
  • Depreciation charges increased by 109.4% and finance costs increased by 6691.7% YoY, respectively.
  • Other income declined by 31.1% YoY during the quarter.
  • Net profit for the quarter increased by 18.5% YoY. Net profit margins during the quarter increased from 23.9% in 3QFY19 to 25.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.3% QoQ during the same period.
  • The company's operating profit increased by 322.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.1% in 3QFY20 as against 7.7% in 2QFY19.
  • Net profit for the quarter increased by 851.2% QoQ, while net profit margins increased from 2.7% in 2QFY19 to 25.8% in 3QFY20.

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

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INFO EDGE Share Price Performance

Over the last one year,INFO EDGE share price has moved up from Rs 1,690.4 to Rs 2,821.5, registering a Gain of Rs 1,131.1 or around 66.9%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,380.3 (up 0.3%). Over the last one year it has moved up from 15,378.4 to 16,380.3, a gain of 1,002 points (up 6.5%).

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 2,821.5, the price to earnings (P/E) ratio of INFO EDGE stands at 146.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.3 times.