Infosys Ltd Q2FY21 consolidated net profit higher at Rs. 4845 crore

INFOSYS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.25140 crores during the period ended September 30, 2020 as compared to Rs.24140 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.4845 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.4233 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.11.40 for the period ended September 30, 2020 as compared to Rs.9.97 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 25140 crs	₹ 24140 crs	4.14%
Net Profit	₹ 4845 crs	₹ 4233 crs	14.46%
EPS	₹ 11.40	₹ 9.97	14.34%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.25140 crores during the period ended September 30, 2020 as compared to Rs.23255 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.4845 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.4019 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.11.40 for the period ended September 30, 2020 as compared to Rs.9.44 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 25140 crs	₹ 23255 crs	8.11%
Net Profit	₹ 4845 crs	₹ 4019 crs	20.55%
EPS	₹ 11.40	₹ 9.44	20.76%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.49280 crores during the 6 months period ended September 30, 2020 as compared to Rs.45794 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.9078 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.7817 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.21.37 for the 6 months period ended September 30, 2020 as compared to Rs.18.25 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 49280 crs	₹ 45794 crs	7.61%
Net Profit	₹ 9078 crs	₹ 7817 crs	16.13%
EPS	₹ 21.37	₹18.25	17.1%

"Our second quarter performance is a clear reflection of our ability to help clients on their digital transformation journeys. Our digital and cloud capabilities combined with intense client relevance are helping us achieve differentiated results in the market as is visible in 2.2% year on year overall revenue growth and 25.4% growth from digital offerings, which now are at 47.3% of revenues", said Salil Parekh, CEO and MD. "Increase in revenue and margin outlook for FY 21 is due to the continued trust clients have in us. I am extremely proud of our team for achieving these results in challenging business conditions globally."

"The strength and resilience of Infosys was fully visible in Q2 with operating metrics witnessing a healthy increase, broad-based growth, highest ever large deal TCV at $ 3.15 bn and attrition reducing to single digits", said Pravin Rao, COO. "Employees have been critical part of our success. As a recognition of their stellar performance, we are giving 100% variable pay along with a special incentive for Q2. Additionally, we are rolling out salary increases and promotions across all levels effective Jan 1st."

"Our relentless efforts on cost optimization and strengthening operational efficiencies helped by certain cost deferrals led to 270 bps sequential improvement in operating margin to 25.4% and a 300 bps improvement in H1 margins", said Nilanjan Roy, CFO. "Free Cash Flows grew significantly in H1 driven by our consistent focus on liquidity and cash management. Consequently, we are increasing our interim dividend per share by 50% to Rs. 12."

Shares of INFOSYS LTD. was last trading in BSE at Rs.1136.1 as compared to the previous close of Rs. 1158. The total number of shares traded during the day was 712741 in over 23590 trades.

The stock hit an intraday high of Rs. 1164.7 and intraday low of 1130.35. The net turnover during the day was Rs. 816566074.

Source : Equity Bulls

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