Infosys lost 15% to Rs 2,480.15 at 09:15 IST on BSE, after consolidated net profit as per IFRS rose 1.1% to Rs 2394 crore on 0.3% growth in revenues to Rs 10454 crore in the Q4 March 2013 over Q3 December 2012.
Infosys announced the results before market hours today, 12 April 2013.
Meanwhile, the S&P BSE Sensex was down 279.14 points or 1.51% at 18,263.06.
On BSE, 45,329 shares were traded in the counter as against average daily volume of 84,173 shares in the past one quarter.
The stock hit a high of Rs 2,626.10 and a low of Rs 2,480.15 so far during the day. The stock had hit a 52-week high of Rs 3,010 on 7 March 2013. The stock had hit a 52-week low of Rs 2,101.65 on 26 July 2012.
The stock had outperformed the market over the past one month till 11 April 2013, falling 0.95% compared with the Sensex's 5.62% fall. The scrip had also outperformed the market in past one quarter, advancing 7.57% as against Sensex's 5.7% fall.
The large-cap IT company has equity capital of Rs 287.12 crore. Face value per share is Rs 5.
Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS) rose 13.3% to Rs 9421 crore on 19.6% rise in revenues to Rs 40352 crore in the year ended March 2013 over the year ended March 2012.
Infosys did not issue full year earnings guidance after reporting Q4 and year ended 31 March 2013 results. The company has forecast 6% to 10% growth in revenue in both rupee terms and dollar terms for the year ending 31 March 2014 (FY 2014).
Infosys and its subsidiaries added 56 clients during Q4 March 2013. The company added 8,990 employees on gross basis during the quarter. There was a net addition of 1,059 employees during the quarter.
Commenting on the financial performance, S. D. Shibulal, CEO and Managing Director, Infosys said, "Global economic uncertainties remain challenging for the IT industry. We are progressing well on our strategic direction of building a high-quality company which is relevant to our clients. We are making all the investments necessary to differentiate ourselves in the market place while positioning ourselves as a partner of choice for our clients."
Rajiv Bansal, Chief Financial Officer, Infosys said, "The global currency market continues to be volatile reflecting the uncertain economic environment. Our hedging strategy helps us to minimize the volatility impact. We have a healthy balance sheet with our cash and cash equivalents at $4.4 billion."
Infosys partners with global enterprises to drive their innovation-led growth. As a leading provider of next-generation consulting, technology and outsourcing solutions, Infosys helps clients in more than 30 countries realize their goals.
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