Infosys logs 11% y-o-y jump in Q2FY23 PAT at Rs6,021 crore; revenue up by 23%

14 Oct 2022 , 09:28 AM

Infosys Limited announced results for the quarter and half year ended September 30, 2022.

The company reported a consolidated net profit of Rs6,021 crore, up by 11.10% against Rs5,421 crore in the previous corresponding quarter.
Company’s revenue from operations jumped 23.40% yoy at Rs36,538 crore in Q2FY23, as compared to Rs29,602 crore in the previous corresponding quarter.

Sequentially, revenue witnessed a growth of 6% while net profits jumped 12.3% over the previous quarter.

Revenues in constant currency terms increased by 18.8% yoy and 4% QoQ. For the quarter, digital revenues accounted for 61.8% of overall revenues, up 31.2% yoy.

The quarter’s large deal total contract value (TCV) was $2.7 billion, the highest in the previous seven quarters. The business has increased its sales projection for FY23 from 14-16% to 15-16%. The operating margin forecast has been lowered to 21-22%

The Board of Directors of Infosys also declared an interim dividend of Rs16.50 per share, a 10% increase over the FY22 interim dividend. The entire amount of the interim dividend is expected to be about Rs6,940 crore.

At around 9.30 AM, Infosys was trading at Rs1,475.25 apiece, up by 3.91% from its previous closing of Rs1,419.75 on the BSE. The scrip opened at Rs1,487.70 and touched intraday high and low of Rs1,487.70 and Rs1,468 respectively.

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