Infosys Net Profit at Rs 2407 crore

For September 2013 quarter Infosys posted a topline of Rs 12965 crore and bottomline of Rs 2407 crore as against Rs 11267 crore and Rs 2374 crore respectively for June quarter 2013. The bottomline growth has been lower than the street estimates of Rs 2605-2614 crore. The topline growth of the company has been better than the estimates of 12781 crore.

EPS for the three months ended September 30, 2013 is Rs 45.96 per share, excluding the provision of Rs 219 crore for visa related matters. EPS for the three months ended September 30, 2013 is Rs 42.12 per share, including the provision of Rs 219 crores for visa related matters. The difference is Rs 3.84 per share.

As regards the geographical performance, for Q2 2014 the North America grew by 3.9% sequentially and in constant currency. Europe grew by 5.2% sequentially; and 3.8% in constant currency. India declined by 2.5% sequentially; and grew by 6.2% in constant currency. Rest of the world grew by 1.8% sequentially; and 6% in constant currency.

For the Industry segment growth, FSI grew by 2.9% sequentially; and 3.9% in constant currency. Manufacturing grew by 6.8% sequentially; and 6.6% in constant currency. RCL grew by 1.4% sequentially; and 1.2% in constant currency. ECS grew by 4.7% sequentially; and 5.6% in constant currency.  Despite below estimated results, the Stock is likely to get a positive opening. The company’s outlook (consolidated) for the fiscal year ending March 31, 2014, under IFRS is as follows: are expected to grow 9% to 10%. this has been revised from the earlier levels of 6-10 %.