1. Infosys Q4 profit rises to Rs 30.97 bn: Check out the highlights

Infosys Q4 profit rises to Rs 30.97 bn: Check out the highlights

CEO Vishal Sikka-led Infosys shares fell as much as 6 pct on Thursday in the wake of the IT behemoth unveiling its 4th quarterly results today...

By: | New Delhi | Updated: April 24, 2015 5:13 PM
Infosys quarterly profit

CEO Vishal Sikka-led Infosys shares fell as much as 6 pct in wake of the IT behemoth unveiling its 4th quarterly results. (Reuters)

CEO Vishal Sikka-led Infosys shares fell as much as 6 pct on Thursday in the wake of the IT behemoth unveiling its 4th quarterly results today, and are heading towards steepest daily fall since May 2014 – BSE Sensex plunged 297.08 pts to close at 27,437.94; Nifty 93.05 pts to 8,305.25.

Check Infosys Q4 results US$ (IFRS) | Indian Rupee (IFRS)

Here are the Highlights: Read Full Report

* FY 16 revenues expected to grow between 10%-12% in constant currency terms

* Dividend pay-out ratio increased to up to 50% of  post – tax profits effective FY 15

* 1:1 bonus issue of equity shares and 1:1 stock dividend of American Depositary Shares

* FY 15 EPS grew by 15.8% year on year

* Operating margins expanded  by 190 bps in FY 15 to 25.9%

* Quarterly annualized attrition for Infosys Limited declined to 13.4% in Q4 compared to 23.4% in Q1

* Announces definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and invest in Airviz

* Infosys Q4 profit up 3.5 pct; lags estimates.

* Jan-March U.S. dollar revenue growth lags estimates, say analysts.

* Adjusting for Kallidus and Panaya acquisitions, guided growth below street consensus expectation, say analysts.

Financial Highlights

Consolidated results under International Financial Reporting Standards (IFRS) for the year and quarter ended March 31, 2015

Year ended March 31, 2015

* Revenues were Rs 53,319 crore for the year ended March 31, 2015
YoY growth was 6.4%

* Net profit was Rs 12,329 crore for the year ended March 31, 2015
YoY growth was 15.8%

* Earnings per share (EPS) was Rs 107.88 for the year ended March 31, 2015
YoY growth was 15.8%

Quarter ended March 31, 2015

* Revenues were Rs 13,411 crore for the quarter ended March 31, 2015
YoY growth was 4.2%, QoQ growth was (2.8%)

* Net profit was Rs 3,097 crore for the quarter ended March 31, 2015
YoY growth was 3.5%, QoQ growth was (4.7%)

* Earnings per share (EPS) was Rs 27.10 for the quarter ended March 31, 2015
YoY growth was 3.5%, QoQ growth was (4.7%)

* Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were Rs 32,585 crore as on March 31, 2015 as  compared to Rs 34,873 crore as on December 31, 2014 and Rs 30,251 crore as on March 31, 2014

* The Board in its meeting held on April 24, 2015 has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined

* The company’s current policy is to pay dividends of up to 40% of post – tax profits. The Board has decided to increase the dividend pay – out ratio to up to 50% of post – tax profits effective fiscal 2015

* The Board of Directors recommended a final dividend of Rs 29.50 per share for fiscal 2015 (equivalent to Rs 14.75 per share after 1:1 bonus issue, if approved by shareholders)

* Infosys spent Rs 254 crore in FY 15, towards Corporate Social Responsibility (CSR) which is primarily being carried out through the Infosys Foundation, its philanthropic arm. The Infosys Foundation is engaged in several programs aimed at alleviating hunger, promoting education, computing literacy, improving health, assisting rural development, supporting arts and helping the destitute

Other Highlights

* Gross employee additions over 50,000 for the year

* Utilization (excluding trainees) expands 450 bps for the year

* Quarterly annualized attrition declines to 13.4% for Infosys Limited in Q4

Outlook*

The Company’s outlook (consolidated) for the fiscal year ending March 31, 2016, under IFRS is as follows:

Revenues are expected to grow 10% – 12% in constant currency terms;

Revenues are expected to grow 8.4% – 10.4% in INR terms

*Conversion: 1 US$ = Rs 62.50 for the fiscal 2016

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