Infosys Q4 Profit Surges 30% to Rs 7,969 Crore
Apr 18, 2024 17:16
Infosys reports a 30% jump in Q4 profit to Rs 7,969 crore, driven by strong revenue growth and a robust outlook. The company also announced a final dividend and a special dividend.
New Delhi, Apr 18 (PTI) IT company Infosys on Thursday said its consolidated profit jumped 30 per cent to Rs 7,969 crore in the fourth quarter ended March 2024.
The company posted a profit of Rs 6,128 crore in the same period a year ago, according to a regulatory filing.
The consolidated revenue of Infosys during the reported quarter increased by 1.3 per cent to Rs 37,923 crore from Rs 37,441 crore in the same quarter a year ago.
The company expects a revenue growth of 1-3 per cent in constant currency for financial year 2025.
During the financial year ended March 2024, net profit increased by 8.9 per cent to Rs 26,233 crore from Rs 24,095 crore recorded in FY23.
The annual income from operations increased by 4.7 cent to Rs 1,53,670 crore in fiscal year 2024 from Rs 1,46,767 crore a year ago.
Infosys board recommended a final dividend of Rs 20 per equity share for FY24 and additionally a special dividend of Rs 8 per equity share.
The company also announced that it will acquire 100 per cent stake in German firm in-tech in an all cash deal for 450 million euros.
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