Infosys declares interim dividend of Rs 21 for shareholders. Check key details

Infosys has declared an interim dividend of Rs 21 per equity share for its shareholders. The Bengaluru-based IT giant has set October 29, 2024, as the record date, with the payout scheduled for November 8, 2024.
The announcement comes alongside the company’s second-quarter financial results for the fiscal year 2024-25. Infosys reported a 5% rise in consolidated net profit for the July-September quarter, reaching Rs 6,506 crore, up from Rs 6,212 crore in the same period last year.
Revenue from operations also saw a 5% year-on-year growth, totaling Rs 40,986 crore. In constant currency terms, Infosys posted a revenue growth of 3.3% year-on-year and 3.1% quarter-on-quarter, reflecting solid underlying performance.
The company has revised its full-year FY25 revenue growth forecast to a range of 3.75% to 4.5%, slightly higher than the previous guidance of 3-4%. This increase in guidance is attributed to the ramp-up of mega deals, which are expected to drive the company’s topline in the coming quarters.
Infosys’ operating margin stood at 21.1% for the quarter, showing a marginal decline of 0.1% year-on-year but remaining flat compared to the previous quarter. The company also reported a free cash flow (FCF) of Rs 7,010 crore, marking a robust 26.6% year-on-year growth, with FCF conversion at 107.6% of net profit.
Salil Parekh, CEO and MD of Infosys, highlighted the company’s performance in the financial services sector and its large deal pipeline. “We had strong growth of 3.1% quarter-on-quarter in constant currency in Q2. The growth was broad-based, with good momentum in financial services,” he said.
With a large deal value of $2.4 billion in the second quarter, Infosys continues to strengthen its market leadership, ensuring a stable outlook for the company’s future growth.