Infosys Ltd's Q2FY17 consolidated net profit rises 4.95% qoq to Rs.3,606 crore : Beats Estimates

India Infoline Research Team | October 14, 2016 10:26 IST

Infosys Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 QoQ (%)
Revenue 17,310 3.2
EDITDA 5,493 5.6
EBITDA Margin (%) 31.7 74
Net Profit (adjusted) 3,606 5.0
***EBITDA margin change is bps

Infosys’s Q2FY17 result beats the market consensus but the management has cut the FY17 guidance to 8-9% from 10-11.5% due to near term uncertainties.

The consolidated net revenue for the quarter grew by 3.1% QoQ to Rs. 17,310 cr due volume growth of 4%. The street was expecting revenue growth of 2.2% QoQ.

The consolidated EBITDA grew by 5.6% QoQ to Rs. 5,493 cr due to topline growth. The EBITDA margins improved by 74 bps QoQ due to cost rationalization. The consolidated EBITDA margin for Q2FY17 stood at 31.7% against 31% of previous quarter.

The consolidated net profit grew 4.9% QoQ to Rs. 3,606 cr against Rs. 3,436 cr of last quarter.

Technical View:

Infosys Ltd is currently trading at Rs. 1036.75, down by 15.3 points or 1.45% from its previous closing of Rs. 1052.05 on the BSE.
The scrip opened at Rs. 1060 and has touched a high and low of Rs. 1080.7 and Rs. 996.15 respectively. So far 11449433(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

BSE 1,122.90 42.50 (3.93%)
NSE 1,122.85 41.70 (3.86%)

***Note: This is a NSE Chart



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