Infosys net up 16 percent in Q4

InfosysInfosys has posted a Rs.3,597 crore consolidated net profit for fourth quarter (January-March) of fiscal 2015-16, registering 16 percent year-on-year (YoY) growth, as per Indian accounting standards.

In a regulatory filing with the BSE on Friday, the IT bellwether said its consolidated revenue grew 23.4 percent YoY to Rs.16,550 crore in Q4.

Under the International Financial Reporting Standard (IFRS), net profit was up 7 percent YoY to $533 million and revenue increased 13.3 percent YoY to $2,446 million ($2.5 billion).

The consolidated net profit for the just-concluded fiscal 2015-16 was Rs.13,491 crore, registering 9.4 percent year-on-year (YoY) growth, as per the Indian accounting standard.

Under the International Financial Reporting Standard (IFRS), net income for fiscal 2016 is up 1.9 percent YoY to $2,052 million ($2.1 billion) and consolidated revenue increased 9.1 percent YoY to $9,501 million ($9.1 billion).

The company projected an annual revenue growth of 14.7 percent for fiscal 2016-17 in rupee terms.

The IT major said the consolidated revenue for this fiscal (FY 2017) was expected to grow 12.7-14.7 percent year-on-year, based on the exchange rate of March 2016 (Rs.66.26 per US dollar).

In constant currency, consolidated revenue is projected to grow 11.5-13.5 percent in FY 2017 under the Indian accounting standards.

Under the International Financial Accounting Standard (IFRS), outlook is 11.8-13.8 percent YoY growth in dollar terms on the exchange rates of March 2016 and 11.5-13.5 percent in constant currency.

Infosys declared a final dividend of Rs.14.25 per share of Rs.5 at par or a whopping 285 percent for the just-concluded fiscal 2015-16 in rupee terms.

with inputs from IANS

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