The country’s leading software services company Infosys has announced a final dividend ie dividend at the rate of fifteen rupees per share to its shareholders. This declaration will be implemented only after the approval of the shareholders. The record date for the dividend has been kept on 1 June 2021, while the dividend will be paid on 25 June 2021.
Along with this, the company has also announced a big plan for share buyback today. The company has decided to buy back its shares at a premium of 25 per cent. Compared to the current market price of Rs 1398, the company is willing to pay up to Rs 1750 for its one share.
The news of Infosys buyback has come along with the company’s financial results. The company’s net profit during the January-March quarter increased by 17 percent to Rs 5076 crore from the same quarter last year. The net profit of the company during the same months of last year was Rs 4,321 crore. The consolidated revenue of the company during the quarter stood at Rs 26,311 crore. The company’s revenue was Rs 23,267 crore during the same period last year.
The company has said in its results announced today that it has crossed the revenue of one lakh crore rupees during the financial year 2020-21. Consolidated revenue growth of the company has been 2% based on Constant Currency (CC). The company has recorded consolidated profits of Rs 19,351 crore on revenue of Rs 1,00,472 crore during the financial year 2020-21. Compared to last year, the company recorded 16.6 percent increase in revenue and 10.7 percent increase in consolidated profit. Operating profit of the company also increased by 27.1 percent to Rs 24,622 crore during this period. While margins increased 320 basis points to 24.5 per cent over the previous year.