INFY · Information Technology
Infosys Ltd. reported revenue of ₹39,315 cr for April to June 2024, +3.6% on the year and +3.7% on the quarter.
Operating profit (EBITDA) was ₹9,437 cr, a margin of 24.0%, +11 bps on the year and +84 bps on the quarter. Operating costs grew +3.5%, broadly with revenue, so operating profit kept pace with sales.
Net profit was ₹6,374 cr, +7.2% on the year and −20.1% on the quarter, with earnings per share of ₹15.34. Profit before other income, one-offs and tax grew 4.9%, so the profit growth came from the business itself. The tax rate of 29% is in line with its recent average.
On earnings per share of ₹64.22 over the last four quarters, the stock at ₹1,154.10 trades at 18.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹38,821 cr | ₹37,923 cr | ₹39,315 cr | ₹40,986 cr | ₹41,764 cr | ₹40,925 cr | ₹42,279 cr | ₹44,490 cr | ₹45,479 cr | ₹46,402 cr | ₹48,211 cr | ₹49,244 cr |
| YoY | — | — | +4% | +5% | +8% | +8% | +8% | +9% | +9% | +13% | +14% | +11% |
| EBITDA margin | 23.5% | 23.2% | 24.0% | 23.9% | 24.2% | 24.1% | 23.5% | 23.7% | 23.4% | 24.1% | 23.7% | 23.7% |
| Other income, % of PBT | 9% | 27% | 9% | 8% | 9% | 12% | 11% | 10% | −2% | 11% | 9% | 8% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 29% | 22% | 29% | 30% | 29% | 27% | 29% | 28% | 28% | 21% | 30% | 29% |
| Net profit | ₹6,113 cr | ₹7,975 cr | ₹6,374 cr | ₹6,516 cr | ₹6,822 cr | ₹7,038 cr | ₹6,924 cr | ₹7,375 cr | ₹6,666 cr | ₹8,509 cr | ₹7,775 cr | ₹7,838 cr |
| YoY | — | — | +7% | +5% | +12% | −12% | +9% | +13% | −2% | +21% | +12% | +6% |
| Core profit YoY | — | — | +5% | +5% | +13% | +13% | +6% | +8% | +6% | +14% | +15% | +10% |
| EPS | ₹14.71 | ₹19.20 | ₹15.34 | ₹15.67 | ₹16.39 | ₹16.93 | ₹16.66 | ₹17.73 | ₹16.41 | ₹20.96 | ₹19.15 | ₹19.28 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Infosys Ltd. reported revenue of ₹39,315 cr (+3.6% on the year) and net profit of ₹6,374 cr (+7.2% on the year) for April to June 2024.
Profit before other income, exceptional items and tax moved +4.9% on the year, against +7.2% for reported profit.
None of the 7 checks that could run raised a question.
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