Infosys Technologies Limited
NSE Symbol INFOSYSTCH
FY10 results
Comparison with FY09 & FY08
INFOSYS TECHNOLOGIES LIMITED, India’s premier software company, has produced another set of outstanding results for FY10. The consolidated and stand alone results for FY10 are compared below with those of FY09 and FY 08. The figures are available in the tables below:
Consolidated figures Review
Net Sales at Rs.22742 Cr is by 4.8% compared to FY 09 figures of Rs.21693 Cr and by 36.2%, compared FY08 figures of Rs.16692 Cr.
Consolidated Net profit has grown to Rs.6266 compared to Rs.5988 Cr of FY09, an increase of 4.6% YOY and compared to Rs.4659 Cr of FY08,an increase of 34.5%. Equity remains unchanged at Rs.286 Cr all the 3 years.
Basic EPS on the face value per share of Rs.5/- is : For FY10 : Rs.108.99 compared to Rs.104.6 in FY09, an increase of 4.2%, and compared to Rs.81.53 in FY08, an increase of 33.7% . Reserves stand at Rs.22763 Cr – against the Equity of Rs.286 Cr and the EPS of Rs.108.99.
Further, Infosys – has given a guidance (as per announcements made to the exchange – see below) as : “Fiscal 2011 revenues expected to grow by 9.0% to 11.0% in rupee terms; to grow by 16.0% to 18.0% in US dollar terms….. as per IFRS - USD "Fiscal 2011 revenues expected to grow by 16.0% to 18.0%;”. Infosys was always conservative in its annual and quarterly guidance. Hence, this announcement reflects huge confidence on its performance in FY11. It has won some big ticket clients in recent past – which adds to its long term revenue mining capability.
At the market price of Rs.2790/-, the PE Ratio on FY10 earnings of Rs.108.99 stands at 25.6 on the consolidated earnings.
Current Market price of TCS is Rs.761. On its consolidated EPS of Rs.35.67, the PE ratio works out to 21.33.
Both of them seem to be on a terrific growth path – as far as FY11 is concerned. In view of the guidance for FY11 by INFY – the price is not only justified – but may give decent returns on FY11 results. While TCS has been regularly issuing bonus, INFY has not done so in last 3 years. Hence, it may be ripe for a bonus - on FY11 results.
FY10(lakhs) | Dif% | Dif%2 | |||
Net Sales / services | 2274200 | 2169300 | 4.8 | 1669200 | 36.2 |
SIT & WIP | - | - | - | ||
Raw Materials | 1207100 | 1176500 | 2.6 | 920700 | 31.1 |
Traded goods | - | - | - | ||
Other Expenditure | - | 0 | - | ||
Gross Profit | 1067100 | 992800 | 7.5 | 748500 | 42.6 |
General Admn | 162600 | 162900 | -0 | 133100 | 22.2 |
Selling and Distrib. | 118400 | 110400 | 7.2 | 91600 | 29.3 |
Depreciation | 90500 | 76100 | 19 | 59800 | 51.3 |
Operating Profit | 695600 | 643400 | 8.1 | 464000 | 49.9 |
Interest | - | - | - | ||
Exceptional Items | - | - | - | ||
OPT after I& EI | 695600 | 643400 | 8.1 | 464000 | 49.9 |
Other Income | 94300 | 47300 | 99 | 70400 | 33.9 |
Profit before tax | 789900 | 690700 | 14 | 534400 | 47.8 |
Tax Expense | 168100 | 91900 | 83 | 68500 | 145.4 |
NPT after tax | 621800 | 598800 | 3.8 | 465900 | 33.5 |
Extraordinary Items | -4800 | - | - | ||
Net Profit | 626600 | 598800 | 4.6 | 465900 | 34.5 |
Minority Interest | - | - | - | ||
Shares of Associates | - | - | - | ||
Other Related Items | - | - | - | ||
Consolidated NPT | 626600 | 598800 | 4.6 | 465900 | 34.5 |
Dividend (%) | - | - | - | ||
Face Value (in Rs.) | 5 | 5 | 0 | 5 | 0 |
Paid-up Equity | 28600 | 28600 | 0 | 28600 | 0 |
Reserves | 2276300 | 1796800 | 27 | 1350900 | 68.5 |
Basic EPS bef EI | 108.99 | 104.6 | 4.2 | 81.53 | 33.7 |
Dil.EPS before EI | 108.87 | 104.43 | 4.3 | 81.26 | 34 |
Basic EPS after EI | 109.84 | 104.6 | 5 | 81.53 | 34.7 |
Diluted EPS after EI | 109.72 | 104.43 | 5.1 | 81.26 | 35 |
Public holding | 374864267 | 3.69E+08 | 1.7 | 3.68E+08 | 1.9 |
Public holding (%) | 65.32 | 64.37 | 1.5 | 64.31 | 1.6 |
STAND ALONE FIGURES
The stand alone results also reflect a similar trend as the consolidated figures.Net Sales is up by 4.3% compared to FY09 and 35.1% compared to FY08.
Net Profit is at same level (down by 0.3%) compared to FY09, but up by 29.82% compared to FY08.
Dividend is 500% in FY10 compared to 470% in FY09 and 665% in FY08 – on the face value of Rs.5.
The stand alone Basic EPS for FY10 is Rs.100.37 compared to Rs.101.65 in FY09 and Rs.78.24 in FY08.
FY10(lakhs) | Dif% | Dif%2 | |||
Net sales / services | 2114000 | 2026400 | 4.3 | 1564800 | 35.1 |
SIT & WIP | - | - | - | ||
Raw Materials | 1155900 | 1114500 | 3.7 | 887600 | 30.23 |
traded goods | - | - | - | ||
Other Expenditure | - | - | - | ||
Gross Profit | 958100 | 911900 | 5.1 | 677200 | 41.48 |
General Admn | 124700 | 128000 | -2.6 | 107900 | 15.57 |
Selling and Distrib. | 97400 | 93300 | 4.4 | 73000 | 33.42 |
Depreciation | 80700 | 69400 | 16.3 | 54600 | 47.8 |
Operating Profit | 655300 | 621200 | 5.5 | 441700 | 48.36 |
Interest | - | - | - | ||
Exceptional Items | - | - | - | ||
OPT after int &EI | 655300 | 621200 | 5.5 | 441700 | 48.36 |
Other Income | 91900 | 50200 | 83.1 | 68300 | 34.55 |
P B T | 747200 | 671400 | 11.3 | 510000 | 46.51 |
Tax Expense | 171700 | 89500 | 91.8 | 63000 | 172.54 |
NPT after tax | 575500 | 581900 | -1.1 | 447000 | 28.75 |
Extraordinary Items | -4800 | - | - | ||
Net Profit | 580300 | 581900 | -0.3 | 447000 | 29.82 |
Dividend (%) | 500 | 470 | 6.4 | 665 | -24.81 |
Face Value (in Rs.) | 5 | 5 | 0 | 5 | 0 |
Paid-up Equity | 28700 | - | 28600 | 0.35 | |
Reserves | - | - | 1320400 | ||
Basic EPS BEF. EI | 100.37 | 101.65 | -1.3 | 78.24 | 28.28 |
Diluted EPS bef. EI | 100.26 | 101.48 | -1.2 | 77.98 | 28.57 |
Basic EPS after EI | 101.22 | 101.65 | -0.4 | 78.24 | 29.37 |
Diluted EPS after EI | 101.1 | 101.48 | -0.4 | 77.98 | 29.65 |
Public holding-NO | 374864267 | 3.7E+08 | 1.7 | 3.7E+08 | 1.91 |
Public holding (%) | 65.32 | 64.37 | 1.5 | 64.31 | 1.57 |
ANNOUNCEMNETS
TO THE EXCHANGE
21-05-2010 Infosys Technologies Limited has informed the Exchange regarding a press release dated May 21, 2010, titled "Infosys Annual Report Available Online for ADS Holders".
13-04-2010 Infosys Technologies Ltd. has informed the Exchange that the Board of Directors at its meeting held on April 13, 2010, transacted the following items of business :(1) The Annual General Meeting of the Members of the Company will be held on June 12, 2010. The Register of Members and Share Transfer Books will remain closed from May 29, 2010 to June 12, 2010 (both days inclusive) for the purpose of Annual General Meeting and Final Dividend.
13-04-2010 Infosys Technologies Ltd. has submitted to the Exchange a copy of Consolidated Financial Results of the Company and its subsidiaries for the quarter and year ended March 31, 2010 prepared in compliance with IFRS as issued by International Accounting Standards Board. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
13-04-2010 Infosys Technologies Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 550000 lacs for quarter ending on 31-MAR-2010 against Rs. 533500 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 143000 lacs for the quarter ending on 31-MAR-2010 against Rs. 147100 lacs for the quarter ending on 31-DEC-2009.
13-04-2010 Infosys Technologies Ltd. has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2114000 lacs for year ending on 31-MAR-2010 against Rs. 2026400 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 580300 lacs for the year ending on 31-MAR-2010 against Rs. 581900 lacs for the year ending on 31-MAR-2009. -
13-04-2010 Infosys Technologies Ltd. has informed the Exchange regarding a press release dated April 13, 2010, titled as per IFRS - INR "Fiscal 2011 revenues expected to grow by 9.0% to 11.0% in rupee terms; to grow by 16.0% to 18.0% in US dollar terms; Q4 Revenue sequentially grew by 3.5 %; Fiscal 2010 revenue grew by 4.8%" and as per IFRS - USD "Fiscal 2011 revenues expected to grow by 16.0% to 18.0%; Q4 Revenue sequentially grew by 5.2%; fiscal 2010 revenues grew by 3.0% ." A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -
13-04-2010 Infosys Technologies Ltd. has submitted to the Exchange a copy of the Fact Sheet - Consolidated Financial data, Fourth Quarter, 2009-10. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -
13-04-2010 Infosys Technologies Ltd. has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 594400 lacs for quarter ending on 31-MAR-2010 against Rs. 574100 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 161700 lacs for the quarter ending on 31-MAR-2010 against Rs. 158200 lacs for the quarter ending on 31-DEC-2009. -
13-04-2010 Infosys Technologies Ltd. has informed the Exchange that the Board, at its meeting held on April 13, 2010, has recommended final dividend of Rs.15/- per equity share. -
13-04-2010 Infosys Technologies Ltd. has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2274200 lacs for year ending on 31-MAR-2010 against Rs. 2169300 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 626600 lacs for the year ending on 31-MAR-2010 against Rs. 598800 lacs for the year ending on 31-MAR-2009. -
11-03-2010 Infosys Technologies Ltd. has informed the Exchange regarding a press release dated March 11, 2010, titled "Infosys Launches Finacle Treasury-In-A-Box". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements).
OTHER NEWS
ON INFOSYS
News dt July,01,2010 : Infosys is planning to invest around Rs 120 crore at its facility in Mahindra World City, Chennai. The proposed investment is to expand company’s existing facility in the special economic zone. The company had said exports from this centre rose by 43 per cent.
The company had set up the facility in 130 acres, of which, around 2.1 million sq ft already constructed and another 680,000 sq.ft will be developed in the next 18 months.
News dt 27.06.2010 : Infosys's revenue growth is likely to be the strongest among the top three Indian vendors in the coming three financial years.
Some recent deal wins, like Telstra and British Petroleum, give INFY new larger 'mineable' clients, which are expected to help the company in maintaining its sector-leading growth rate.
Infosys, has the highest exposure to clients from the US and, hence, is least vulnerable to a sharp depreciation in European currencies.
Moreover, the recovery in IT spending from US clients has been decidedly faster than that from European clients.
The company's Earnings Per Share (EPS) is also likely to register a Compound Annual Growth Rate (CAGR) of 23 per cent over FY 10-13 against the 18-20 per cent of those of its competitors.
June18th,2010 News : INFOSYS is likely to set up another big centre at Chennai – and has discussed its plans with T’Nadu Government.
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