5 December 2022

New Delhi: Infosys on Thursday posted an 11 percent year-on-year rise in consolidated net profit to Rs 6.021 crore for the September quarter and also announced a share buyback program worth Rs 9.300 crore.

The IT major will also pay an interim dividend totaling R $ 6,940 crore to the shareholders. The net profit of India’s second-largest IT services company stood at Rs 5,421 crore in the same period a year ago.

According to a regulatory filing, the revenue rose 23.4 percent year-on-year to Rs 36,538 crore in the second quarter of the current fiscal. The same stood at Rs 29,602 crore in the year-ago period.

 profit up 11 % to Rs 6,021 crore
profit up 11 % to Rs 6,021 crore

Infosys has also announced a share buyback worth Rs 9,300 crore. Under the buyback program, the price will not exceed Rs 1,850 per equity share. The price is 30 percent higher than the company’s closing price of Rs 1,419.7 apiece on Thursday.

The company revised its FY23 revenue guidance to 15 16 percent growth, tighter than the 14-16 percent it had projected earlier.

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