Infosys jumps after Q4 results

Infosys rose 3.05% to Rs 3334.70 at 09:22 IST on BSE after consolidated net profit rose 4.1% to Rs 2992 crore on 1.2% decline in revenues to Rs 12875 crore in Q4 March 2014 over Q3 December 2013.

The company announced the result before trading hours today, 15 April 2014.

Meanwhile, the BSE Sensex was down 21.83 points, or 0.10%, to 22,607.13.

On BSE, so far 51,000 shares were traded in the counter, compared with an average volume of 68,948 shares in the past one quarter.

The stock hit a high of Rs 3,371.80 and a low of Rs 3,325 so far during the day. The stock hit a record high of Rs 3,847.20 on 3 March 2014. The stock hit a 52-week low of Rs 2,190 on 29 April 2013.

The stock had underperformed the market over the past one month till 11 April 2014, sliding 11.90% compared with the Sensex's 3.68% rise. The scrip had also underperformed the market in past one quarter, sliding 8.82% as against Sensex's 9.01% rise.

The large-cap company has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.

Infosys' non-operational income jumped 16.4% to Rs 851 crore in Q4 March 2014 over Q3 December 2013. The results are as per International Financial Reporting Standards.

Infosys' net profit rose 13% to Rs 10,648 crore on 24.2% increase in revenues to Rs 50,133 crore in the year ended March 2014 over the year ended March 2013.

Infosys has forecast revenue growth of 7% to 9% in dollar terms for the year ending 31 March 2015 (FY 2015). The company has forecast revenue growth of 5.6% to 7.6% in rupee terms for FY 2015. The guidance in rupee terms is based on rupee dollar conversion rate of 60.

"I am pleased that we have been able to double our growth rate for the full year compared to last year, though performance in the last quarter of FY 14 has been disappointing. said S. D. Shibulal, CEO and Managing Director. We have guided for a revenue growth of 7%-9% next year and remain firmly focused on building the growth momentum by making all the necessary investments in our business."

"Our cash and cash equivalents crossed '30,000 crore during the quarter. We have increased the dividend payout ratio to up to 40% of post-tax profits effective FY 14 to enhance returns for our shareholders." said Rajiv Bansal, Chief Financial Officer.

Liquid assets including cash and cash equivalents, available-for-sale financial assets, certificates of deposits and government bonds were Rs 30251 crore as on 31 March 2014 versus Rs 27440 crore as on 31 December 2013 and Rs 23958 crore as on 31 March 2013.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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