Infosys Q2FY18 consolidated net profit rises 7% qoq to Rs 3,726 crore: Beats Estimates

India Infoline Research Team | October 24, 2017 16:04 IST

Infosys consolidated revenue for the quarter came in at Rs 17,567 crores, registering 2.9% QoQ increase. This was primarily driven by 6% QoQ increase in revenues from Life sciences, Healthcare and Insurance segment.

Infosys Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 17,567 2.9
EBITDA 5,158 2.9
EBITDA Margin (%) 29.4 2
Net Profit (adjusted) 3,726 7
***EBITDA margin change is bps
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Reco. Price

900

Last updated on

05-Oct-2017

Infosys ltd’s reported consolidated results for the quarter registered a beat on street estimates. Revenue for the quarter came in marginally lower than the estimated figure of Rs. 17630 crores. EBITDA for the quarter came in 25.9 % higher than the estimated figure of Rs. 4097 crores.  And lastly, net profit for the quarter came in 6.6 % higher than the estimated figure of Rs. 3496 crores.
 
Infosys ltd consolidated revenue for the quarter came in at Rs. 17567 crores, registering 2.9% QoQ increase. This was primarily driven by 6% QoQ increase in revenues from Life sciences, Healthcare and Insurance segment.
 
EBITDA for the quarter rose by 2.9% QoQ to Rs. 5158 crores while EBITDA margin for the quarter remained flat at 29.4%.
 
PAT for the quarter came in at Rs. 3726 crores, QoQ increase of 7%.
 
In terms of guidance for FY18, company curtailed its guidance to 5.5%-6.5% from 6.5%-8.5% in constant currency growth. On operating margin front, guidance remained at 23%-25%.
 
Utilisation for the quarter stands at 84.7% and Employee attrition stands at 21.4% as against the 21% in last quarter.

Technical View:

Infosys Ltd is currently trading at Rs. 927, down by 12.65 points or 1.35% from its previous closing of Rs. 939.65 on the BSE.
The scrip opened at Rs. 945 and has touched a high and low of Rs. 947.50 and Rs. 924 respectively. So far 72,80,865(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.


***Note: This is a NSE Chart

 

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