Infosys first Indian listed IT firm to net Rs 1000 cr

Infosys Technologies became the first Indian listed software company to have a net profit of Rs 1,000 crore or more.

The company's net profit for the 2003-04 financial year touched Rs 1,243.47 crore, up 29.81 per cent over Rs 957.93 crore posted in the year ended March 31, 2003.

Infosys has also added another feather in its illustrious cap.

The company's exports touched Rs 4,694.69 crore in fiscal 2004, making it India's first software company with exports of over $1 billion.

The company's total sales in the year ended March 31, 2004, touched Rs 4,760.89 crore ($1.09 billion), up 31.42 per cent over Rs 3,622.69 crore seen in the year ended March 2003.

 

A decade of blistering growth
Infosys Technologies' 10-year growth path (Rs crore)
Year ended	Gross sales	Exports	Net profit
Mar-94	28.89	24.92	8.09
Mar-95	55.42	46.02	13.32
Mar-96	88.55	74.46	21.70
Mar-97	139.21	114.03	33.68
Mar-98	257.66	226.04	61.86
Mar-99	508.89	477.44	137.24
Mar-00	882.33	555.17	286.19
1-Mar	1900.56	1708.67	624.72
2-Mar	2603.59	2490.91	807.96
3-Mar	3622.69	3375.82	957.93
4-Mar	4760.89	4694.69	1243.47
Crossed $ half a billion in revenues: 2002 Crossed $ one billion in revenues: 2004 Net profit at Rs 1243 crore: 2004

 

Infosys' financial record in the last 10 years has been mind-boggling.

The sales, net profit and software exports of the company have been rising at the rate of around 60 per cent per year in the last decade.

Its net profit shot up from Rs 8.09 crore in 1993-94 to Rs 1,243.47 crore in the 2003-04, a compounded annual growth rate of 58.05 per cent.

Total sales rose from Rs 28.89 crore to Rs 3,622.69 crore, a CAGR of 59.05 per cent.

Its exports during the last 10 years rose from Rs 24.92 crore to Rs 4,694.69 crore, a compound annual growth rate (CAGR) of 61 per cent.

Infosys made an initial public offer in February 1993 and was listed on stock exchanges in India in June 1993.

Trading opened at Rs 145 per share compared with an IPO price of Rs 95 per share.

In October 1994, Infosys made a private placement of 5,50,000 shares at Rs 450 each to foreign institutional investors (FIIs), financial institutions (FIs) and corporates.

During March 1999, Infosys issued 20,70,000 ADSs (equivalent to 10,35,000 equity shares of par value of Rs 10 each) at $34 per ADS under the American depositary shares program and the same were listed on the Nasdaq stock market in the US. (The data are un-adjusted for issue of stock split and bonus shares).

After the public issue in February 1993, the company has declared three bonus issues in the ratio 1:1. Today the company proposed bonus shares in the ratio of three for every share held.