Infosys Q1: PAT Soars 11% YoY To Rs 5,945 Crore, Share Falls Over 1% Intraday

Infosys declared approximately 11% year-on-year (YoY) surge in consolidated net profit on Thursday for the June quarter to Rs 5,945 crore. However, Infosys shares witnessed a decline of 1.73% intraday to Rs 1448.85 apiece. Infosys consolidated revenue jumped by 10% YoY to Rs 37,933 crore for the June quarter.

Amid the uncertainties prevailing in the global environment, the IT major slashed its FY24 revenue growth estimates and now expects revenue soaring just 1-3.5% in constant currency term as against 4-7% specified earlier. The IT behemoth retained its operating margin guidance of 20-22% for financial year 2024.

Consolidated sales of Infosys witnessed a surge of just 1.3% sequentially as net profit declined nearly 3%. Meanwhile, in the constant currency term, revenue of the company jumped 1% quarter-on-quarter (QoQ). The consolidated operating margin arrived at 20.8%, down 20 basis points sequentially.

Nilanjan Roy, CFO Infosys said, "Q1 operating margins were resilient in an uncertain macro environment on the back of our continued focus on cost optimization. Company's rigorous operational discipline, including improved productivity measures and higher utilization helped margins for the quarter."

Salil Parekh, CEO and MD at Infosys, "We had a solid Q1 with a growth of 4.2% and large deals of $2.3 billion, which helps us to set a strong foundation for future growth."

"We have expanded the margin improvement program with a holistic set of actions for the short, medium and long-term, working on five key areas, supported by our leadership team", Parekh stated.

Infosys Stock Performance & Return: Last trading price of Infosys share is Rs 1448.85 per share with intraday fall of 1.73%. Its 52-week high price is Rs 1672.45 per share and 52-week low price is Rs 1215.45 per share, respectively. It has a market capitalisation of Rs 6,01,300.62 crore. Infosys stock offered return of 18% in last 3-months, declined 5% in last 6-months, fell 4% in last 1-year, tumbled again 6.51% in last 2-years, and gave a return of 55% in last 3-years.

Infosys Dividend History: The company for the quarter ended March 2023 announced an equity dividend of 680% or Rs 34 per share. If the current stock price of Rs 1448 is taken into consideration, it offers a dividend yield of 2.34%. It has been announcing dividend consistently for the last 5-years.