Infosys Ltd. — Interim / Quarterly Report 2016

Oct 12, 2015

Inflase Limited Than the Magnetic Website: www.infosys.com ; emissions in the Read, Bangalore 560 100, India.
Audited consolidated financial results of infosys.com ; email: investors@infosys.com ; T: 91 80 2852 0261 ; F: 9

(in ₹ crore, except equity share and per equity share data)

Particulars	Quarter ended September 30,	Quarter ended	Quarter ended		Half-year ended September 30,	Year ended
		June 30,	September 30			March 31,
	2015	2015	2014	2015	2014	2015
Revenues	15,635	14,354	13,342	29,989	26,112	53,319
Cost of sales	9,724	9,123	8,201	18,847	16,247	32,883
Gross profit	5,911	5,231	5,141	11,142	9,865	20,436
Selling and marketing expenses	$\overline{83}$	820	769	1,663	1,435	2,941
Administrative expenses	$\overline{50}$	$\frac{3}{90}$	889.	2,038	1,736	3,663
Operating profit	3,993	3.447	3,483	7,41	6,694	13,832
Other income, net	793	758	877	1,551	1,706	3,427
Share in associate's profit /(loss)	Ξ			$\widehat{e}$		$\widehat{\epsilon}$
Profit before income taxes	4,785	4,205	4,360	8,991	8,400	17,258
Income tax expense	1,387	1175	1,264	2,562	2,418	4,929
Net profit	3,398	3,030	3,096	6,429	5,982	12,329
Paid-up equity share capital (par value 75/- each, fully paid)	1,144	1,144	286	1,144	286	572
Share premium, retained earnings and other components of equity	54,191	54,191	47,244	54,191	47,244	54,191
s ₹5/-each) Earnings per share (par value
Basic	14.87	13.26	13.55	2813	26.17	53 94
Diluted	14.87	13.26	13.55	28.13	26.17	5394
Total Public Shareholding*
Number of shares	159,98,70,171	160,06,77,720	39,66,88,097	159,98,70,171	39,66,88,097	80,65,15,515
Percentage of shareholding	69.65	69.69	69.08	69.65	69.08	70.23
Promoters and Promoter Group Shareholding
Pleaged / Encumbered
Number of shares
of the total shareholding of promoter and Percentage of shares (as a % promoter group)
of the total share capital of the Company) Percentage of shares (as a %
Non-encumbered
Number of shares	30,04,31,272	30 04 31 272	9,14,08,078	30,04,31,272	9,14,08,078	15,02,15,636
of the total shareholding of promoter and Percentage of shares (as a % promoter group)	100.00	100.00	100.00	100.00	100.00	100.00
of the total share capital of the Company) Percentage of shares (as a %	13.08	13.08	15.92	13.08	15.92	13.08
defined under Clause 40A of the Listing Agreement excludes shares held by the founders and American Depository Receipt Holders and as at September 30, s 91–2018, aleo avrindae traacunu charac 2015 Sime 20 2015 and March * Total Public Shareholding as

* adjusted for bonus issues wherever applicable
1. The audited consolidated financial statements for the quarter and half-year ended September 30, 2015 have been taken on record by the Board of Directors at its meeting he

mpany of his intention to resign. He will be replaced by M.D. ed the o 2. Senior Management Changes
Mr. Rajiv Bansal, Executive Vice President and the Chief Financial Officer (CFO) of Infosys since October 2012, has infor
Ranganath effective end of business October 12, 2015,

On Apd 24, 2015, the Board of Directors of Infosys has authotzed the Company to execute a Business Transfer Agreement and related documents with EdgeVerve, a wholly owned subsidiary,
to transfer the business of Finacle a

icial stat ផ្សា The transfer of assets and liabilities is accounted for at carrying values and does not have any impact on the c 4. The Board approved the 2015 incentive Compensation Plan, amending the existing 2011 RSU Plan. The 2011 RSU plan has been amended in accordance with the SEBI (share based
employee benefits) regulations, 2014 and will be

The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares outstanding, in order to support grants made over time under the 2015 Incentive
Compensation Plan. Approval to issue

mation on dividends for the quarter and half-year ended September 30, 2015 5. Infor

idend will be paid on October 21, 2015. The Board declared an interim dividend of ₹10/- per equity share. The record date for the payment of interim dividend is October 19, 2015. The interim divi
The interim dividend declared in the previous year was ₹30/-{not a

						(n ર)
		uarter ended Quarter ended Quarter ended		Half-year ended September 30 ---------------------------------------		Year ended
	September 30,		June 30, September 30,			March 31,
	2015	2015	2014	2015	2014	2015
75'-each) ividend per share (par value

Interim dividend	ິດ	30.00	$\frac{8}{2}$	30.00	್ಯ ೫೦ನ
Final dividend					Ì ¢ 19.50
December 3, 2014 and June not adjusted for bonus issues on
not adjusted for bonus issue on

Compa $\mathbf{r}$ eting of Š ් -ਟ å £ The final dividend of 729.50/- per equity share (not adjusted for bonus issue on June 17, 2015) for fiscal 2015 was approved by
held on June 22, 2015 and the same was paid on June 23, 2015.

1. Other information (Consolidated - Audited)

						(in 7 crore)
Particulars	Quarter ended September 30	Quarter ended June 30,	Quarter ended September 30		Half-year ended September 30	Year ended March 31
	2015	2015	2014	2015	2014	2015
staff costs	8,558	8,053	7,522	16.612	14.877	29,742
tems exceeding 10% of aggregate expenditure
Details of other income:
Interest income on deposits and certificates of deposit	624	55	$\overline{3}$	1,281	258	4,631
Income from available-for-sale financial assets	47	49	ā	g	$\frac{49}{4}$	261
Miscellaneous income, net	70	Z	ë	147	$\overline{2}$	ទូ
Gains/(losses) on foreign currency	ន	ලි	148	21	27	475
ctal	š	758	51	1,551	1,706	3,427

ö SAS of Infos a
Cia fina 귛

$\bar{\lambda}$

						$(n \nless$ crore)
Particulars	Quarter ended September 30,	Quarter ended June 30,	Quarter ended September 30		Half-year ended September 30	Year ended March 31
	2015	2015	2014	2015	2014	2015
Revenues	13,525	12,738	11.863	26,263	23,182	47300
and tax Profit before exceptional item a	4,575	3,993	4169	8,569	7.964	16.386
Profit on transfer of business*	3,036		$rac{1}{4}$	3,036	412	$\frac{1}{4}$
Profit before tax	7,611	3,993	4.581	1,605	8378	16.798
Profit for the period	6,306	2,897	3365	9,204	6.085	12164
Infosys Limited for the above mentioned periods are available on our website, www.infosys.com. The information above has been extracted from the audited financial statements as stated. Note: The audited results of

* Exceptional item pertains to profit on transfer of business to EdgeVerve Systems Limited, a wholly owned subsidiary.
8. Information on investor complaints pursuant to Clause 41 of the Listing Agreement for the quarter en

Nature of complaints receiver	ening	damons	isposal	losing
	Jance			alance
Repo. In-receipt of Dividend/Annual		218	֧֧֧֧֧֧֧֧֦֧֧֧֧֦֧֧֦֧֧֧֧֦֧֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֚֝֝֝֝֓֝֓֝֓֝֓֝֓֝֓֓֝֬֝֓֓֓֝֬֝֬
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olidated Audited) tties (IFRS Cons Par ant of assets idated state ិ
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		$(n \, 7 \, cme)$
Particulars	As at
	2015 September 30,	2015 March 31
EQUITY AND LIABILITIES
Shareholders' funds
Share capital	1,144	572
Reserves and surplus	56,201	54,191
Sub-total-Shareholders' Fund	57,345	54,763
Minority interests		$\blacksquare$
Non-current liabilities
Deferred tax liabilities	277	160
Other long-term liabilities	$\overline{27}$	46
Sub-total-Non-Current liabilities	404	206
Current liabilities
Trade payables	$rac{1}{2}$	$rac{1}{2}$
Other current liabilities	12,612	10,765
Short-term provisions	435	478
Sub-total- Current liabilities	13,157	11,383
ILITIES TOTAL - EQUITY AND LIABI	70,906	66,352
ASSETS
Non-current assets
Fixed assets	10,603	9,763
Goodwill on consolidation	3,668	3,091
Non-current investments	1,705	1,438
Deterred tax assets	511	537
Other non-current assets	5,340	4,327
ets Sub-total-Non-Current ass	21,827	19,156
Current assets
Current investments	582	874
Trade receivables	10,397	9,713
Cash and cash equivalents	29,946	30,367
Other current assets	8,154	6,242
Sub-total Current assets	49,079	47,196
TOTAL-ASSETS	70,906	66,352
The above disclosure is in compliance with Clause 41(V)(h) and Annexure IX of the listenent. The disclosure is an extract of the audited IFRS Consolidated Balance Sheet as at

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30, 2015.

dited) $\frac{1}{2}$ 10. Segment reporting (IFRS Co

						(in ₹ crore)
Particulars	Quarter ended September 30	Quarter ended June 30,	Quarter ended September 30		Half-year ended September 30,	Year ended March 31
	2015	2015	2014	2015	2014	2015
Revenue by business segmen
Financial Services (FS)	4,241	3,882	3,579	8,123	7,071	14,394
Manufacturing (MFG)	3.622	3,332	3,020	6.954	5,903	12,140
and Services (ECS) Energy & utilities, Communication	2.814	2,627	2,608	5441	5,009	10,057
Retail, Consumer packaged goods and Logistics (RCL	2,582	2,342	2,224	4.924	4,416	8,869
Life Sciences, Healthcare and Insurance (HILIFE)	2,086	1,944	673	4,031	3,262	6,881
All other segments	8g	227	238	5 5	451	978
Total	15,635	14,354	13,342	29,989	26,112	53,319
Less: Inter-segment revenue
Net revenue from operations	15,635	14,354	13,342	29,989	26,112	53,319
Segment profit before tax, depreciation and non-controlling interests:
Financial Services (FS)	1,258	1,0.73	0.52	2,331	2,051	4,282
Manufacturing (MFG)	897	785	78	167	1,492	3,0.25
and Services (ECS) Energy & utilities, Communication	834	783	835	1617	1.561	3.049

$\frac{8}{185}$ 834 80 and Logistics (RCL) and Services (ECS) life Sciences, Healthcare and Insurance (HILIFE) Energy & utilities, Communication Retail, Consumer packaged good All other segments	783 $\sqrt[4]{\frac{4}{9}}$ $\frac{6}{9}$	$\overline{5}$ 2 4 5 5 2 2 4 5 5 2	$\frac{1}{5}$ 1.370 1.080	327 $rac{55}{36}$	್ಲಾಕ್ಟ್
					2,679
				$\overline{3}$
				$\widehat{\epsilon}$	$\overline{3}$ $\overline{z}$
4,354 lotaj	3,761		$\frac{4}{4}$
ess: Other unallocable expenditure			8.116	$\frac{1}{275}$	$\begin{bmatrix} 1,901 \ 1,069 \ 3,427 \end{bmatrix}$
è.	314		$\overline{\frac{5}{10}}$
793 Add: Unallocable other income	758	$\overline{57}$	$\frac{5}{2}$	1,706
Add: Share in Associate's profit / (loss)
4,785 Profit before tax and non-controlling interests	4,205	4,360	8,991	8,400	17,258

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Notes on segment information
Business segments

Effective April 1, 2015, the Company reorganized its segments to support its objective of delivery innovation. This structure will help deliver services that will reflect the way technology is
consumed in layers by the cli

Segmental capital employed
Assets and iabilities used in the Company's business are not identified to any of the reportable segments, as these are used interchangeably between segments. The Management believes that
It is

By order of the Board
for infosys Limited

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Bangalore, India
October 12, 2015

Dr. Vishal Sikka
Officer and Managing Director Chief Executive

(in US\$ million, except per equity share data)

The Board has also taken on record the unaudited condensed consolidated results of infosys Limited and its subsidiaries for the quarter and half-year ended September 30, 2015,
prepared as per international Financial Report

Particulars	Quarter ended	Quarter ended	Quarter ended		Half-year ended September 30,	Year ended
	September 30,	June 30,	September 30			March 31.
	2015	2015	2014	2015	2014	2015
Revenues	2,392	2,256	2,201	4,647	4.334	8711
Cost of sales	1,438	434	353	2,922	$2.69 -$	5,374
Gross profit	$\overline{5}$	822	इ	1,725	1,637	3,337
Net profit	519	476	55	995	933	2.013
Eamings per Equity Share
Basic	$\overline{c}$	$\overline{21}$	0.22	64	0,43	0.88
Diluted	त्र ०.२३	21	0.22	0.44	$\frac{3}{2}$	0.88
Total assets	10,810	10,587	9,989	10,810	9,989	10,615
Cash and cash equivalents including available-for-sale financial assets (current) and certificates of deposit	4,655	4,537	5,232	4,655	5,232	4,999

Certain statements in this advertisement concerning our future growth prospects are forward-ooking statements may be an alternative to the sate may be a constraint of the sate and the sate and the sate of the sate of the s

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