IT company Infosys has released the July-September 2022 quarter results (Infosys Q2 Result). The consolidated net profit of the company has increased by 11.10% during this period. In the same quarter last year, where the company’s profit was Rs 5,421 crore, it has now increased to Rs 6,021 crore.
Due to this, the company has also given a Diwali bonus to its shareholders. Yes, Infosys has announced an interim dividend of Rs 16.50 on each share for its shareholders. For this, the company has reduced its revenue and operating margin for the financial year 2022-23.
Buyback will get profit booking opportunity
Not only this, if you are a shareholder of the company, then in the coming time there may be an opportunity for you to earn good money. The board of Infosys has also approved the plan to buy back shares worth Rs 9,300 crore from the market.
That is, soon when the company will buy its shares again, then smart shareholders can book profits. The company has made it clear that it will not pay more than Rs 1,850 per share. At present, the stock of the company is around Rs 1,420.
Infosys income increased in September quarter
In the information given to the stock exchange, Infosys said that in the July-September period, the company’s total income grew by 23.4% year-on-year to Rs 36,538 crore. Whereas in the same period last year it was Rs 29,602 crore.
Not only this, the company has also done many big business deals in this quarter. That is, he has got tremendous orders. The company has secured orders worth $ 2.7 billion (about Rs 222.17 billion) in this period. This is the highest order received in the last seven quarters.