New Delhi (PTI): IT companies main Infosys on Wednesday posted a 17.5 per cent rise in net profit to Rs 5,076 crore for the March quarter, and introduced up to Rs 9,200 crore buyback supply at a most worth of Rs 1,750 per share.
The Bengaluru-based firm’s net profit (after minority curiosity) was Rs 4,321 crore in the January-March 2020 quarter.
Its income grew 13.1 per cent to Rs 26,311 crore in the March 2021 quarter from Rs 23,267 crore in the year-ago interval, Infosys mentioned in a regulatory submitting.
The firm’s FY21 net profit was up 16.6 per cent to Rs 19,351 crore, whereas income was larger by 10.7 per cent to Rs 1,00,472 crore in contrast to the earlier fiscal.
Infosys expects FY22 income to develop 12-14 per cent in fixed forex.
The Board has really helpful a capital return of Rs 15,600 crore, together with a ultimate dividend of Rs 6,400 crore and open market buyback of shares of Rs 9,200 crore, it mentioned.
“Large deal TCV for FY21 peaked to an all-time high of USD 14.1 billion, with 66 per cent being net new. Operating margin for the year expanded by 3.2 per cent and Free Cash Flows increased by 44.4 per cent,” Infosys added.
The Board has really helpful a ultimate dividend of Rs 15 per fairness share for the monetary 12 months ended March 31, 2021.
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