Infosys, the head of IT services, reported a net profit growth of ₹ 5,076 crore for the March quarter on April 14, and announced a buyback offer of ₹ 200,200 crore at a maximum price of ₹ 1,750 per share.
The company’s net profit (after minority interest) of the Bengaluru-based company was 4,321 crore in the January-March 2020 quarter.
Infosys said in a regulatory filing that its revenue increased 1321% to 11 26,311 crore in the March 2021 quarter from 23,267 crore in the year-ago period.
The company’s FY2011 net profit was up 14.8% to Rs 19,351 crore, while revenue was up by 10.7% to Rs 1,00,472 crore as compared to the previous fiscal.
Infosys expects revenue to grow 12–14% in FY 2012.
The board has recommended a capital return of ₹ 15,600 crore, which includes a final dividend of ₹ 6,400 crore and an open market buyback of shares worth ₹ 9,200 crore.
“The big deal TCV reached a high of US $ 14.1 billion for FY15, with 66% being net new. Operating margin for the year increased by 3.2% and free cash flow by 44.4%, ”said Infosys.
The board has recommended a final dividend of ₹ 15 per equity share for the financial year ended March 31, 2021.
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