The company has also announced November 9 as the payout date for the dividend.
“The Board of Directors of the Company at their meeting held on October 16 and 17, 2024 transacted the following items of business: Declared an interim dividend of ₹ 21/- per equity share, fixed October 29, 2024 as a record date and November 8, 2024 as a payout date,” said the company in a filing to the exchanges.
The company posted a profit after tax of Rs 6,506 crore for the second quarter ended September 2024, which is up by 5% YoY. The same stood at Rs 6,212 crore a year ago. This is below the Street estimates of Rs 6,700 crore.
Additionally, the revenue from operations stands at Rs 40,986 crore, which is marginally higher from the Street estimates of Rs 40,890 crore.
The company has revised its FY25 revenue guidance to 3.75-4.5%.“We continue to focus on accelerating revenue growth with a sharp focus on margin performance. Operating margins for the quarter was at 21.1%, driven by continued benefits from value-based pricing and utilization despite higher employee payouts. Our focus on cash generation resulted in another quarter of over 100% Free Cash Flow conversion to net profits” said Jayesh Sanghrajka, CFO. “The Board announced an interim dividend of `21 per share, 16.7% increase from last year,” he added.The shares of Infosys closed 2.8% higher at Rs 1,973 on the BSE today.
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