Apr 12, 2013, 09.22 AM IST | Source: Moneycontrol.com

Infosys crashes 20%; Q4 earnings miss street estimates

Infosys has crashed around 20 percent in the opening bell post Q4FY13 dismal numbers. The company's fourth quarter earnings has disappoint street on all parameters.

Infosys has crashed around 20 percent post Q4FY13 dismal numbers. At 09:15 hrs Infosys was quoting at Rs 2,546.30, down Rs 370.40, or 12.70 percent. It has touched an intraday high of Rs 2,625.05 and an intraday low of Rs 2,500. It was trading with volumes of 42,951 shares.

Infosys' fourth quarter net profit rose 3 percent year-on-year (1 percent quarter-on-quarter) to Rs 2,394 crore, partly helped by higher other income and lower income tax expenses.

However, its revenue growth of Rs 10,454 crore, up 18 percent YoY (0.3 percent sequentially), was lower than what the street had forecast.

Analysts on average had expected the India's second largest software services exporter to report a net profit of Rs 2,297 crore, on revenue of Rs 10,730 crore, according to a CNBC-TV18 poll.

Infosys has guided for a full year revenue growth of 6-10 percent, which is also much lower than what the industry body NASSCOM has forecast. It has not provided earnings per share guidance for the full year.

Infosys stock price

On April 17, 2014, Infosys closed at Rs 3189.90, up Rs 33.50, or 1.06 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2190.00.


The company's trailing 12-month (TTM) EPS was at Rs 177.52 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 17.97. The latest book value of the company is Rs 805.47 per share. At current value, the price-to-book value of the company is 3.96.

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