The rally in Infosys shares on stock exchanges after the company declared its third quarter earnings has made its 19 promoters richer by Rs 2,102 crore. This is based on the 6.45% spurt in its share price on Thursday.
The share price touched a high of Rs 1,152 intraday, from its Wednesday close of Rs 1,082, an increase of Rs 70, or 6.45%. The promoters held 30.04 crore shares as at the end of the second quarter and no significant sale of promoter holdings has been reported since then.
The Bangalore-based company had reported revenues of $2,407 million for the third quarter ended 31 December, 2015 up 8.5% year-on-year and 0.6% on a sequential basis. Its revenues for the corresponding period last fiscal were $2,218 million and its second quarter earnings stood at $2,392 million.
The net profit of the company was $524 million for the third quarter, almost flat compared to $522 million during the corresponding period last year and $519 million in the second quarter this fiscal.
The top promoter shareholders and their family members of the second largest software services company include Sudha Gopalakrishan (4.91 crore shares), Rohan Murthy (3.18 crore shares), S Gopalakrishnan (2.66 crore shares), Nandan Nilakeni (2.14 crore shares).
Other prominent promoter shareholders include N R Narayana Murthy who holds 87.18 lakh shares, S D Shibulal (98.78 lakh shares) and Sudha Murthy who owns 1.80 crore shares.
In terms of client addition, Infosys added four clients in the $25million category and one in $50 million category. It added 1,045 active clients during the quarter and the company's order book position was strong at $3 billion.
The company issued a higher guidance for FY2016 at 12.8-13.2% in constant currency terms and 16.2-16.6% in rupee terms, on exchange rates as on 31 December, 2015 (INR 66.16/ US$). The earlier guidance was 10-12% in constant currency terms for FY2016, said research firm Angel Broking in its note.
The company had 193,383 employees as on 31 December, 2015 and its attrition (annualised) rate was 18.1%, down from 19.9% in the second quarter. The company added 5,407 employees on a net basis during the quarter under review.
The utilisation level was 74.2% (including trainee) and 80.6% (excluding trainee).
At about 1 pm, the Infosys share was trading at Rs 1,152, up 6.44% from its Wednesday close of Rs 1,082.
TCS was down 0.14% at Rs 2,277.05 and Wipro was trading at Rs 542.75, a loss of 0.65%.
