Infosys to consider Q2FY22 result on October 13, declaration of interim dividend expected

The financial results and proposal for interim dividend, if any, will be presented to the Board of Directors on October 13, 2021, for their approval.

Sep 14, 2021 03:09 IST India Infoline News Service

Infosys Tech
Infosys has announced that the company will consider and declare its financial performance for the quarter ending September 20, 2021 (Q2FY22) on October 13. The company's board will also consider the declaration of interim dividends.

The company's board will meet on  October 12 and 13, 2021 inter alia to:
  • Approve and take on record the audited consolidated financial results of the Company and its subsidiaries as per Indian Accounting Standards (INDAS) for the quarter and half year ending September 30, 2021;
  • Approve and take on record the audited standalone financial results of the Company as per INDAS for the quarter and half year ending September 30, 2021;
  • Approve and take on record the audited financial statements of the Company and its subsidiaries as per INDAS and IFRS for the quarter and half year ending September 30, 2021, and
  • Consider declaration of interim dividend, if any.
The financial results and proposal for interim dividend, if any, will be presented to the Board of Directors on October 13, 2021, for their approval.

In Q1FY22, Infosys reported a consolidated net profit of Rs5,195cr rising by 22.7% from Rs4,233cr a year ago same period. Consolidated revenue was at Rs27,896cr in the quarter under review, increasing by 17.9% yoy and 6% QoQ. The company delivered a strong Q1 performance with year on year growth accelerating to 16.9% and sequential growth increasing to 4.8% in constant currency. Large deal flows remained strong with TCV of $2.6 billion in Q1. The operating margin for the quarter was robust at 23.7%, with Free Cash Flows growing by 18.5% year on year.

In the first quarter, the company has increased revenue growth guidance to 14%-16%.

At around 3.21 pm, Infosys was trading at Rs1685.65  per piece down 0.3% on Sensex. The stock has touched an intraday high and low of Rs1697.90 per piece and Rs1679.65 per piece respectively. 

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