Infosys Q4 results: Net profit up 12% YoY at Rs 5686 cr on large deal momentum; company announces Rs 16 dividend – key highlights here

Infosys Limited today reported a 12 per cent year-on-year (YoY) net profit at Rs 5686 cr for the quarter ended 31 March 2022 as against Rs 5076 cr it earned during the corresponding quarter in FY21, the company said in an exchange filing. On the quarter-on-quarter basis, the Profit After Tax (PAT) was down 2.1 per cent. In Q3FY22, the PAT stood at Rs 5809 cr, the exchange filing said.  

Meanwhile, the revenues were up over 22 per cent at Rs 32,276 cr for the reporting quarter versus Rs 26,311 cr in the year ago period. However, revenues were up by 1.3 per cent sequentially.

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Q4 sequential growth was 1.2% in constant currency with operating margin of 21.5%. TCV of large deal wins was $2.3 billion in Q4.

“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, Salil Parekh CEO and MD said.

“With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunities”, he added.    

The Board has proposed a final dividend of Rs 16 per share, taking the total dividend for FY22 to ₹31 per share, an increase of 14.8% over prior year”, said Nilanjan Roy, Chief Financial Officer.

The comany has also give a Strong Revenue growth guidance of 13-15 per cent and operating margin guidance of 21-23 per cent for FY23.

Infosys Q4 results: Net profit up 12 per cent YoY at Rs 5686 cr on large deal momentum; company announces Rs 16 dividend – key highlights here

Infosys Limited today reported a 12 per cent year-on-year (YoY) net profit at Rs 5686 cr for the quarter ended 31 March 2022 as against Rs 5076 cr it earned during the corresponding quarter in FY21, the company said in an exchange filing. On the quarter-on-quarter basis, the Profit After Tax (PAT) was down 2.1 per cent. In Q3FY22, the PAT stood at Rs 5809 cr, the exchange filing said.  

Meanwhile, the revenues were up over 22 per cent at Rs 32,276 cr for the reporting quarter versus Rs 26,311 cr in the year ago period. However, revenues were up by 1.3 per cent sequentially.

Q4 sequential growth was 1.2 per cent in constant currency with operating margin of 21.5 per cent. TCV of large deal wins was $2.3 billion in Q4.

“Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, Salil Parekh CEO and MD said.

“With the acceleration of digital disruptions across industries, we see immense potential to engage and partner with clients as they transform, adapt and thrive. We will scale talent globally, invest in employees and accelerate innovation and digital capabilities to capitalize on the expanding market opportunities”, he added.    

The Board has proposed a final dividend of Rs 16 per share, taking the total dividend for FY22 to ₹31 per share, an increase of 14.8 per cent over prior year”, said Nilanjan Roy, Chief Financial Officer.

Key financial highlights:

For the quarter ended March 31, 2022

• Revenues in CC terms grew by 20.6 per cent YoY and 1.2 per cent QoQ

• Reported revenues at $4,280 million, growth of 18.5 per cent YoY

• Digital revenues at 59.2 per cent of total revenues, YoY CC growth of 38.8 per cent

• Operating margin at 21.5 per cent, decline of 3.0 per cent YoY

• Basic EPS at $0.18, growth of 9.2 per cent YoY

• FCF at $761 million, decline of 4.8 per cent YoY; FCF conversion at 101.0 per cent of net profit

For the year ended March 31, 2022

• Revenues in CC terms grew by 19.7 per cent YoY

• Reported revenues at $16,311 million, growth of 20.3 per cent YoY

• Digital revenues at 57.0 per cent of total revenues, YoY CC growth of 41.2 per cent

• Operating margin at 23.0 per cent, decline of 1.5 per cent YoY

• Basic EPS at $0.70, growth of 14.3 per cent YoY

• FCF at $3,055 million, growth of 2.8 per cent YoY; FCF conversion at 102.9 per cent of net profit