IT sector giant Infosys has released the results for the January-March quarter. The company has got bumper profits. In this quarter, the company’s consolidated net profit increased by 7.8 percent on a year-on-year (YoY) basis to Rs 6128 crore.
The company’s consolidated profit on a quarter-on-quarter basis has been lower than the December 2022 quarter. The company’s consolidated net profit in the December 2022 quarter was Rs 6586 crore.
The income of the country’s second largest IT company has also increased. It has increased by 16 percent to Rs 37,441 crore in the March quarter, from Rs 32,276 crore in the same quarter a year ago. The company’s revenue in the December quarter was Rs 38,318 crore.
Decline in operating profit margin
The company’s operating profit margin registered a decline of 0.5 per cent on quarterly and annual basis and stood at 21 per cent. The company’s revenue at constant currency grew by 8.8 per cent year-on-year in the December quarter and 15.4 per cent in the entire financial year.
With several deals in the pipeline, the company’s Chief Executive Officer and Managing Director Salil Parekh said, “We are seeing a strong trend from our clients towards efficiency and cost improvements and integration. So many deals are in the pipeline.
Gadgad has made the investors proud.
Along with earning profits, the company has also given good news to the investors. The company’s board announced a final dividend of Rs 17.50 per share for FY2023. The record date of dividend has been fixed on June 2, 2023 and by July 3, 2023, the amount of dividend will be transferred to the account of eligible shareholders.
