Infosys Q4 FY2024 Results: Net Profit Rs.7,975 Crore, Up 30% QoQ

Tanushree Jaiswal Tanushree Jaiswal 19th April 2024 - 11:37 am
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Key Highlights

  • Infosys reported a 30% growth in its net profit on a quarter-to-quarter basis reaching ₹7,975 from ₹6,113.
  • The revenue from operations amounted to ₹37,923 for Q4 FY2024, a 2.31% decline on a quarterly basis.
  • EBIT margin and PAT margin reported at 27% and 21.03%.

Business Highlights

  • Infosys reported a total revenue of ₹40,652 for the quarter ended March 2024 against ₹38,112 for the quarter ended March 2023, a 4.66% increase on a Y-O-Y basis.
  • Infosys Board suggested a ₹20 per share dividend (par value of ₹. 5 each) and a special dividend of ₹8 for FY2024. The record date is 31st May 2024 for a special dividend.
  • The company’s revenue guidance also reduced for FY2025 to 1% to 3% from 4% to 7% last year due to uncertainty in demand.
  • Infosys’s German subsidiary, Infosys Germany GmBH signed the contract to acquire 100% shareholdings of in-tech Holding GmbH. The deal is valued at around 450 million euros. GmbH operates in the Engineering R&D sector.

 

Commenting on the results, Salil Parekh, CEO and MD, Infosys said, “We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to expand. We are working on client programs, leveraging large language models with impact across software engineering, process optimization, and customer support."

 

 

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