Infosys Ltd Q2 PAT up 11.9% yoy at Rs5,421cr on the back of 42% growth in digital revenues

Infosys Ltd reported 20.48% growth in total sales revenues for the Sep-21 quarter on consolidated basis at Rs29,602cr

Oct 13, 2021 05:10 IST India Infoline News Service

Infosys
Infosys Ltd reported 20.48% growth in total sales revenues for the Sep-21 quarter on consolidated basis at Rs29,602cr. On a sequential basis, the revenues were higher by a more moderate 6.12% compared to Rs27,896cr in the Jun-21 quarter. Infosys witnessed over 20% growth across major business verticals including BFSI, Manufacturing and Life Sciences.

Among major regions, the North American region accounted for 62% of revenues and this vertical grew by 23.1% yoy. The European operation that accounts for 24% of revenues grew by 22.8%. They contributed to most of the regional growth. India grew at just 4.3% while the rest of the world grew at 8.3%. They jointly account for just about 13% of revenues.

Digital revenues grew 42.4% in constant currency terms on a yoy basis. For the Sep-21 quarter, digital revenues accounted for 56.1% of total revenues compared to 47% in Sep-20. Among the top five verticals in terms of revenue composition, manufacturing led the growth by 44% followed by BFSI at 21.8%. Energy had the lowest growth at 15.9%.

For the Sep-21 quarter, net profits were up 11.89% on a yoy basis at Rs5,421cr while on a sequential basis, the profits were up by 4.35%. Infosys raised its revenue growth guidance from 14-16% to 16.5-17.5%. The guidance for operating margins has been maintained at 22-24% range.

Infosys reported OPM of 23.6% and fresh deals of $2.15 billion in the quarter.


Financial highlights for Sep-21 compared yoy and sequentially


Infosys Ltd
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 29,602 ₹ 24,570 20.48% ₹ 27,896 6.12%
Operating Profit (Rs cr) ₹ 6,972 ₹ 6,228 11.95% ₹ 6,603 5.59%
Net Profit (Rs cr) ₹ 5,421 ₹ 4,845 11.89% ₹ 5,195 4.35%
Diluted EPS (Rs) ₹ 12.85 ₹ 11.40 ₹ 12.21
OPM 23.55% 25.35% 23.67%
Net Margins 18.31% 19.72% 18.62%

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