Infosys logs 20% rise in Q2 consolidated net profit

During the corresponding period of the last financial year, Infosys had reported a consolidated net profit of Rs 4,019 crore.

Bengaluru: IT major Infosys on Wednesday reported a 20.55 per cent increase in its consolidated net profit for the July-September quarter, on a year-on-year basis, at Rs 4,845 crore.

During the corresponding period of the last financial year, Infosys had reported a consolidated net profit of Rs 4,019 crore.

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The company’s total revenue from operations stood at Rs 24,570 crore, 8.58 per cent higher than Rs 22,629 crore earned in the year-ago period, it said in a regulatory filing.

It has revised the FY21 revenue growth guidance upward to 2-3 per cent in constant currency.

The IT major has declared an interim dividend of Rs 12 per equity share and fixed October 26, 2020 as record date for interim dividend and November 11, 2020 as the payment date.

On Wednesday, its shares on the BSE closed at Rs 1,136.10, lower by Rs 21.90 or 1.89 per cent from its previous close.