Infosys Ltd reports consolidated PAT of Rs. 5195 crores in Q1FY22

INFOSYS LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.28518 crores during the period ended June 30, 2021 as compared to Rs.26856 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.5195 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.5076 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.12.21 for the period ended June 30, 2021 as compared to Rs.11.94 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 28518 crs	₹ 26856 crs	6.19%
Net Profit	₹ 5195 crs	₹ 5076 crs	2.34%
EPS	₹ 12.21	₹ 11.94	2.26%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.28518 crores during the period ended June 30, 2021 as compared to Rs.24140 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.5195 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.4233 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.12.21 for the period ended June 30, 2021 as compared to Rs.9.97 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 28518 crs	₹ 24140 crs	18.14%
Net Profit	₹ 5195 crs	₹ 4233 crs	22.73%
EPS	₹ 12.21	₹ 9.97	22.47%

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, delivered a strong Q1 performance with year on year growth accelerating to 16.9% and sequential growth increasing to 4.8% in constant currency. Large deal flows remained strong with TCV of $2.6 billion in Q1. Operating margin for the quarter was robust at 23.7%, with Free Cash Flows growing by 18.5% year on year.

"Driven by the dedication of our employees and the trust of our clients, we grew at the fastest pace in Q1 in a decade, at 16.9% year-on-year and 4.8% quarter-on-quarter in constant currency. I am proud of our employees, who as 'One Infosys' demonstrate resilience and commitment in delivering for our clients. This gives us confidence to increase our revenue growth guidance to 14%-16%", said Salil Parekh, CEO and MD. "As Infosys completes forty remarkable years, its continuing success and global impact are a testament to the vision of the founders and all the leaders who have shaped the company," he added.

"Employee wellbeing is of paramount importance to us and we have had multiple interventions in this regard including facilitating vaccination for them and their dependents. We rolled out several intense employee engagement initiatives including career acceleration opportunities, compensation reviews and learning & development interventions. Our clients continue to be supportive of the multiple initiatives we have undertaken; they value the delivery commitments we have met even during these extraordinary times", said Pravin Rao, Chief Operating Officer, Infosys. "As the demand for digital talent explodes, rising attrition in the industry poses a near-term challenge. We plan to meet this demand by expanding our hiring program of college graduates for FY 22 to ~35,000 globally", he added.

"We remain confident of delivering on the margin guidance, underpinned by our comprehensive cost optimization program, despite increasing cost headwinds arising largely from compensation review, talent acquisition and retention", said Nilanjan Roy, Chief Financial Officer. "Our free cash conversion was strong at 122.3% of net profit and ROE improved to 29.3%", he added.

Shares of INFOSYS LTD. was last trading in BSE at Rs.1576.9 as compared to the previous close of Rs. 1544.9. The total number of shares traded during the day was 181724 in over 7258 trades.

The stock hit an intraday high of Rs. 1582.4 and intraday low of 1538.25. The net turnover during the day was Rs. 283783338.

Source : Equity Bulls

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