Infosys fell 2.01% to Rs 949.30 at 10:10 IST on BSE after the company reported weak Q4 March 2017 results before market hours today, 13 April 2017.
Meanwhile, the S&P BSE Sensex was down 36 points, or 0.12% to 29,607.48.On the BSE, 5 lakh shares were traded in the counter so far, compared with average daily volumes of 2.56 lakh shares in the past one quarter. The stock had hit a high of Rs 990.95 and a low of Rs 941.40 so far during the day.
The stock hit a 52-week high of Rs 1,278 on 3 June 2016. The stock hit a 52-week low of Rs 900.30 on 9 November 2016.
The stock had underperformed the market over the past one month till 12 April 2017, falling 6.40% compared with 0.68% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.12% as against Sensex's 8.79% rise.
The large-cap company has equity capital of Rs 1148.47 crore. Face value per share is Rs 5.
Infosys' consolidated net profit fell 2.8% to Rs 3603 crore on 0.9% decline in revenues to Rs 17120 crore in Q4 March 2017 over Q3 December 2016. Consolidated operating profit fell 2.8% to Rs 4212 crore in Q4 March 2017 over Q3 December 2016.
Consolidated net profit rose 6.4% to Rs 14353 crore on 9.7% rise in revenues to Rs 68484 crore in the year ended March 2017 over the year ended March 2016. Operating profit rose 8.2% to Rs 16901 crore in the year ended March 2017 over the year ended March 2016. The result is as per International Financial Reporting Standards (IFRS).
The board of the company has identified that to pay up to Rs 13000 crore, or $2 billion, to shareholders via dividend or share buyback in Financial Year ending March 2018 (FY18). The board announced a final dividend of Rs 14.75 per share for the financial year ended 31 March 2017.
The company said its consolidated revenue is expected to grow 6.5%-8.5% in constant currency terms in the fiscal year ending 31 March 2018, under IFRS.
The company said its revenue is expected to grow 2.5%-4.5% in Rupee terms in the fiscal year ending 31 March 2018, under IFRS, based on the exchange rates as of 31 March 2017.
The company said its revenue is expected to grow 6.1%-8.1% in Dollar terms in the fiscal year ending 31 March 2018, under IFRS, based on the exchange rates as of 31 March 2017.
Liquid assets including cash & cash equivalents and investments at Rs 38773 crore as on 31 March 2017.
Infosys' CEO, Dr. Vishal Sikka, said that unanticipated execution challenges and distractions in a seasonally soft quarter affected the company's overall performance. At the same time, Infosys continued to see many positive signs of its strategy execution; its software-led offerings continued to show strong momentum and client success, with continued adoption of Mana, our AI platform; Zero Distance marked its 2-year anniversary as a grassroots cultural movement for innovation with IFRS - INR strong client resonance, and the company's employee engagement continued to drive down attrition, especially with top performers.
Attrition declined during the quarter reflecting the company's focus on better employee engagement. Utilization during Q4 reached 82% which is the highest in Q4 over the past several years, said U. B. Pravin Rao, COO.
In FY2017, operating margins were steady as the company continued its sharp focus on operational efficiencies. Cash provided by operating activities during the year was robust and exceeded $2 billion, a new high, said M. D. Ranganath, CFO. The company's capital allocation policy is aimed at balancing the strategic and operational needs of the company as well as enhancing shareholder returns.
Infosys is a global leader in technology services and consulting.
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