Infosys Ltd posts consolidated PAT of Rs. 5421 crore in Q2 FY2021-22

Infosys Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 30126 crores during the period ended September 30, 2021 as compared to Rs. 28518 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 5421 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 5195 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 12.85 for the period ended September 30, 2021 as compared to Rs. 12.21 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹30126 crs	₹28518 crs	5.64%
Net Profit	₹5421 crs	₹5195 crs	4.35%
EPS	₹12.85	₹12.21	5.24%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs.30126 crores during the period ended September 30, 2021 as compared to Rs.25140 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.5421 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.4845 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.12.85 for the period ended September 30, 2021 as compared to Rs.11.40 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹30126 crs	₹25140 crs	19.83%
Net Profit	₹5421 crs	₹4845 crs	11.89%
EPS	₹12.85	₹11.40	12.72%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.58644 crores during the 6 Months period ended September 30, 2021 as compared to Rs.49280 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.10616 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.9078 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.25.06 for the 6 Months period ended September 30, 2021 as compared to Rs.21.37 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹58644 crs	₹49280 crs	19.00%
Net Profit	₹10616 crs	₹9078 crs	16.94%
EPS	₹25.06	₹21.37	17.27%

"Our stellar performance and robust growth outlook continue to demonstrate our strategic focus and the strength of our digital offerings. As we witness a strong market opportunity with global enterprises rapidly accelerating their digital journeys, our sustained investments in expanding capabilities, including the differentiated cloud play, Infosys Cobalt™, has uniquely positioned us to continue serving our clients effectively, gain market share and emerge as the preferred cloud and digital transformation partner in the market.", said Salil Parekh, CEO and MD. "Given this continued momentum we have further increased our revenue growth guidance to 16.5%-17.5%", he added.

"In order to harness the full potential of the market opportunity, we are expanding our college graduates hiring program to ~45,000 for the year. Simultaneously, we continue to strengthen employee value proposition including health and wellness measures, reskilling programs, appropriate compensation interventions and enhanced career growth opportunities", said Pravin Rao, Chief Operating Officer. "With over 86% of Infoscions in India having received at least one dose of 'vaccination', we are now preparing to embrace the hybrid work model. We have equipped employees with the resources they need to be productive, cyber secure, stay connected, and maintain a work-life balance. Our talent strategy also factors in expanded hiring pools that include new communities and work locations", he added.

"Our operating margins for Q2 were resilient; the impact of enhanced employee value proposition initiatives was offset by strong operating parameters, cost optimization and operating leverage. We will continue to invest in our employees to remain a preferred employer-of-choice and seamlessly fulfill client demand", said Nilanjan Roy, Chief Financial Officer. "Cash generation remained robust. We have executed the capital allocation policy with the successful closure of share buyback and step up in interim dividend to Rs. 15 per share", he added.

Shares of Infosys Limited was last trading in BSE at Rs. 1708.75 as compared to the previous close of Rs. 1684.80. The total number of shares traded during the day was 130116 in over 7364 trades.

The stock hit an intraday high of Rs. 1713.50 and intraday low of 1681.25. The net turnover during the day was Rs. 220894479.00.

Source : Equity Bulls

Keywords

Infosys Q2FY22 H1FY22 ResultUpdate INFY