Infosys Q4 net profit at Rs 259 crore; result disappoints markets
By Bangalore: | 10 Apr 2003
Bangalore: For the quarter ended 31 March 2003, Infosys Technologies has recorded a net profit of Rs 259 crore on a total income of Rs 1,019 crore. The diluted earnings per share (EPS) for the fourth quarter stood at Rs 38.50 per share.
Infosys January-March quarter results disappointed players as the stock touched an intra-day low of Rs 3,750.00, shedding more than 9.50 per cent. The stock was quoting at Rs 3,774.00 down 9.24 per cent when trading started.
For the financial year 2002-03, Infosys recorded a net profit of Rs 957.90 crore on a total income of Rs 3,622.60 crore. For the financial year 2003-04, the company gave a net profit guidance of between Rs 4,408 crore and Rs 4,479 crore.
The EPS based on the net profit guidance works out to be between Rs 161 and Rs 163 per share, indicating a growth of close to 11 per cent.