Infosys Q2FY23 PAT up 11.07% at Rs6,021cr as TCV and digital revenues surge

13 Oct 2022 , 06:21 PM

Infosys Ltd reported 23.43% growth in total sales revenues for the September 2022 quarter on consolidated basis at Rs36,538cr.

Sequential revenues in constant currency terms were up 18.8% yoy and 4% sequentially. The total contract value (TCV) for Q2FY23 stood at an impressive $2.7 billion.

Digital revenues accounted for 61.8% of total revenues in the quarter as against just 56.1% in the year ago period. In constant currency terms, the manufacturing vertical saw 45% growth followed by energy vertical at 24.1%.

However, BFSI continues to be the biggest component of revenues. In terms of CC revenues growth by region, Europe grew at over 25% while North American grew at over 18%.

PAT for September 2022 quarter was up 11.07% at Rs6,0214cr much better than the industry average.

However, the operating margins were still disappointing at 21.5% compared to 23.6% in the year ago period as manpower and travel costs have risen sharply for Infosys. Voluntary attrition spiked by 700 bps on a yoy basis at 27.1%, although it is slightly lower on sequential basis.

Company has declared a dividend per share of Rs16.50 per share as well as a buyback of shares up to Rs9,300 crore. Net margins for Q2FY23 at 16.48% is lower than 18.31% yoy but higher on a sequential basis by 93 basis points.

Financial highlights for Sep-22 compared yoy and sequentially

	Infosys Ltd
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 36,538	₹ 29,602	23.43%	₹ 34,470	6.00%
Operating Profit (Rs cr)	₹ 7,873	₹ 6,972	12.92%	₹ 6,914	13.87%
Net Profit (Rs cr)	₹ 6,021	₹ 5,421	11.07%	₹ 5,360	12.33%
Diluted EPS (Rs)	₹ 14.34	₹ 12.85		₹ 12.76
OPM	21.50%	23.60%		20.1%
Net Margins	16.48%	18.31%		15.55%