Monday 12 October 2015

Infosys Ltd - Q2FY2015 reports 117.67% rise in Q2 net profit.

Company’s revenue grew at Rs.13,525 crore, registering growth of 6.18% qoq .


Infosys, a global leader in consulting, technology and outsourcing solutions, reported results for the quarter ended September 30, 2015.

On standalone basis, the company’s net profit for the quarter at Rs. 6,306 crore, registered growth of 117.67% qoq and 87.40% yoy. The company’s revenue at Rs. 13,525 crore, registered growth of 6.18% qoq and 14.01% yoy.

It’s core operating profit at Rs. 3,801 crore, witnessed 16.10% qoq and 13.94% yoy growth. Operating margin at 28.10% contracted by two bps yoy and 240 bps qoq basis respectively.

For six month ended September 30, 2015, the company’s standalone net profit at Rs. 9,203 crore, registered growth of 51.24% yoy. The company’s revenue at Rs. 26,263 crore, registered growth of 13.29% yoy. 

Result highlights- (Should pick consolidated numbers by default. In absence, pick stand-alone figures)


   Reported 
   Results         IIFL Estimates         Variance (%)
    Net Profit    6,306        3,323           89.76


Infosys has declared an Interim Dividend of Rs. 10/- per Equity Shares.

The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares outstanding, in order to support grants made over time under the 2015 Incentive Compensation Plan. Approval to issue such shares under the 2015 Incentive Compensation plan will be subject to the approval of shareholders.

Infosys Ltd is currently trading at Rs. 1131.9, down by -35.95 points or -3.08% from its previous closing of Rs. 1167.85 on the BSE.

The scrip opened at Rs. 1202.7 and has touched a high and low of Rs. 1219 and Rs. 1108.9 respectively. So far 6893172(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 268248.68 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1197 on 01-Oct-2015 and a 52 week low of Rs. 900 on 10-Oct-2014. Last one week high and low of the scrip stood at Rs. 1190 and Rs. 1126 respectively.

The promoters holding in the company stood at 13.08 % while Institutions and Non-Institutions held 57.1 % and 13.08 % respectively.

The stock is currently trading below its 50 DMA.

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