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Friday, April 12, 2013
Infosys disappoints
Quarterly profit rose just 1.1% quarter-on-quarter, even as the company won orders from customers including German automaker BMW. The firm's dollar revenue growth was also weak at 1.4%. The firm's consolidated revenuies stood at Rs 10,454 crore, up a mere 0.3% on q-o-q basis for the quarter under review. Earnings per share of the company was up 1% over the preceding quarter, at Rs 41.89. Infosys also gave a full year revenue guidance of 6-10% for FY14, compared with an industry guidance of 10-14%. It gave no EPS guidance. The company said that it has set aside $100 million for investments, and stated that the North American market grew 0.1%, while Europe grew 6.5% in constant currency. In comparison, the Indian market grew 10% sequentially. The company has proposed a final dividend of Rs 27 a share Other highlights: A press release issued by the company mentions the following: Infosys and its subsidiaries added 56 clients during the quarter Gross addition of 8,990 employees (net addition of 1,059) for the quarter by Infosys and its subsidiaries 1,56,688 employees as on March 31, 2013 for Infosys and its subsidiaries The company listed its American Depository Shares (ADS) on NYSE Euronext’s (NYX) London and Paris markets The company has decided to set aside up to $100 million to invest in products, platforms and solutions ideas in line with Infosys 3.0 strategy
Results - Infosys
09:13 Consolidated dollar revenue at $1938m Vs $1911m (QoQ) 09:11 Consolidated PAT at Rs 2394cr Vs Rs 2369cr (QoQ) 09:09 Infosys stock to correct by 8-10%: BofA ML 09:08 Balance sheet strong; cash equivalents at $4.4bn: Infy
Infosys Q4 net profit at Rs2394 cr QoQ
Net profit of IT major Infosys comes at Rs2394 crore for the quarter ended March 31, 2013 (QoQ).
Infosys in focus after Q4 earnings
Infosys before market hours today, 12 April 2013 reported 1.1% rise in consolidated net profit as per International Financial Reporting Standards (IFRS) to Rs 2394 crore on 0.3% rise in revenues to Rs 10454 crore in the Q4 March 2013 over Q3 December 2012. Infosys' consolidated net profit as per 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. Kotak Mahindra Bank (KMBL) said before market hours today, 12 April 2013, that the board of directors of the bank at its meeting held on 11 April 2013, have given its consent for issue of 2 crore equity shares of Rs 5 each amounting to approximately 2.6% shareholding in the bank (as of 31 March 2013) on a post-issue basis to Heliconia, an affiliate of Government of Singapore Investment Corporation Pte (GIC), at a price of Rs 648 per share, aggregating to Rs 1296 crore on a preferential basis. This transaction augments the Tier I capital of the bank for pursuit of growth opportunities, KMBL said in a statement. It will also be a step towards dilution of promoter stake in the bank, it said. Commenting on the development, Jaimin Bhatt, President & Group CFO, KMBL said: "With delight we welcome a reputed and large global financial institution of the stature of GIC as our shareholder. Their investment in the bank underscores the strong fundamentals of our institution." Shares of Castrol India turn ex-dividend for a final dividend of Rs 3.50 per share for the year ended 31 December 2012. Shares of Clariant Chemicals turn ex-dividend for a final dividend of Rs 17.50 per share for the year ended 31 December 2012. Shares of Honeywell Automation India turn ex-dividend for a dividend of Rs 10 per share for the year ended 31 December 2012. The BOC Group Ltd, United Kingdom, the promoter shareholder of Linde India after market hours on Thursday, 11 April 2013 said it proposes to sell a portion of its equity shares in the company through one or more offers for sale through stock exchanges to comply with the minimum public shareholding as per Sebi guidelines. The current public shareholding in the company is around 10.5% and the company is required to increase its public shareholding to at least 25% by 3 June 2013. Parsvnath Developers after market hours on Thursday, 11 April 2013 said that consequent to the disinvestment of equity shares by Parsvnath Hotels, being the wholly-owned subsidiary of the company, in Parsvnath Royal Orchid Hotels (PROHL) {name changed to Parsvnath Realty Ventures with effect from 3 April 2013}, PROHL has ceased to be a step-down subsidiary of the company during the quarter ended 31 March 2013. Accordingly, the total number of subsidiary companies of the company stands reduced from 16 to 15. Era Infra Engineering after market hours on Thursday, 11 April 2013 said it has secured contract from NTPC valuing Rs 429.69 crore for civil works of main plant and offsite civil works package for Lara Super Thermal Power Project, Stage-I (2x800 MW) in Raigarh district of Chhattisgarh. The company's scope consists of entire civil works of main plant and offsite work including construction of twin flue 275 M high RCC chimney with steel liner. PTC India Financial Services after market hours on Thursday, 11 April 2013 said it has sanctioned Rs 1032 crore to 9 Projects with endeavor to diversify in Energy Value Chain. Out of these term loans 50% of sanction i.e. around Rs. 500 crore is for infrastructure facilities like development of private railway sidings and development & operations of coal mines. The sanctions include two pioneer private railway siding projects being developed in state of Chhattisgarh to offload coal from coal mines to be transported to respective power stations using Indian Railways network. The company has sanctioned term loans to 2 projects for development and/or operations of coal mines allotted under government dispensation route. A Rs 125 crore loan has been sanctioned to part finance mega size Power Transmission Project for setting up 765/400 KV transmission line of around 1600kms along with construction of 5 Extra-High-Voltage sub-stations aggregating transformation capacity of 4400MVA in Uttar Pradesh. Around Rs. 400 crores are sanctioned to hydro power projects supporting existing & additional generation capacity of around 1034MW. Citland Commercial Credits, Wang Investments And Finance, Bigg Investments And Finance, Ms. Vinu Dhingra and Mr. Kuldip Singh Dhingra, forming part of the promoter group of Berger Paints India of Berger Paints India, has set Rs 185 per share as floor price for offer for sale of 18.72 lakh equity shares of the company, constituting 0.54% of the equity share capital of the company.
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