Infosys Ltd. Q2 FY2024 results: revenue ₹38,994 crore, up 6.7% on the year
Infosys Ltd. (INFY) reported consolidated revenue from operations of ₹38,994 crore for Q2 FY2024, the quarter ended 30 September 2023, up 6.7% on the same quarter a year earlier. Profit after tax was ₹6,215 crore, up 3.1% on the year, and earnings per share ₹15.01. The figures are the company's own, from the audited results it filed with NSE on 12 October 2023.
The quarter, against the one before and a year earlier
| Line | Q2 FY2024 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 38,994 | n/a | n/a | n/a |
| Other income | 632 | n/a | n/a | n/a |
| Total income | 39,626 | n/a | n/a | n/a |
| Cost of materials consumed | 0 | n/a | n/a | n/a |
| Purchases of stock-in-trade | 0 | n/a | n/a | n/a |
| Changes in inventories | 0 | n/a | n/a | n/a |
| Employee benefit expense | 20,796 | n/a | n/a | n/a |
| Finance costs | 138 | n/a | n/a | n/a |
| Depreciation, depletion and amortisation | 1,166 | n/a | n/a | n/a |
| Other expenses | 8,758 | n/a | n/a | n/a |
| Total expenses | 30,858 | n/a | n/a | n/a |
| Profit before exceptional items and tax | 8,768 | n/a | n/a | n/a |
| Exceptional items | 0 | n/a | n/a | n/a |
| Profit before tax | 8,768 | n/a | n/a | n/a |
| Current tax | 2,491 | n/a | n/a | n/a |
| Deferred tax | 62 | n/a | n/a | n/a |
| Total tax | 2,553 | n/a | n/a | n/a |
| Profit after tax | 6,215 | n/a | n/a | n/a |
| Attributable to owners of the parent | 6,212 | n/a | n/a | n/a |
| Other comprehensive income | -16 | n/a | n/a | n/a |
| Total comprehensive income | 6,199 | n/a | n/a | n/a |
| EPS, basic | ₹15.01 | n/a | n/a | n/a |
| EPS, diluted | ₹14.99 | n/a | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 38,994 | 38,821 | 37,923 | 39,315 | 40,986 | 41,764 | 40,925 | 42,279 | 44,490 | 45,479 | 46,402 | 48,211 |
| Expenses | 30,858 | 30,991 | 30,412 | 31,132 | 32,445 | 32,953 | 32,452 | 33,581 | 35,243 | 36,100 | 36,764 | 38,167 |
| Operating profit | 9,440 | 9,137 | 8,784 | 9,437 | 9,809 | 10,115 | 9,874 | 9,943 | 10,535 | 10,634 | 11,167 | 11,409 |
| OPM % | 24% | 24% | 23% | 24% | 24% | 24% | 24% | 24% | 24% | 23% | 24% | 24% |
| Other income | 632 | 789 | 2,729 | 838 | 712 | 859 | 1,190 | 1,042 | 982 | 1,139 | 1,159 | 984 |
| Interest | 138 | 131 | 110 | 105 | 108 | 101 | 102 | 105 | 106 | 100 | 105 | 119 |
| Depreciation | 1,166 | 1,176 | 1,163 | 1,149 | 1,160 | 1,203 | 1,299 | 1,140 | 1,182 | 1,155 | 1,424 | 1,246 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,289 | 0 | 0 |
| Profit before tax | 8,768 | 8,619 | 10,240 | 9,021 | 9,253 | 9,670 | 9,663 | 9,740 | 10,229 | 9,229 | 10,797 | 11,028 |
| Tax % | 29% | 29% | 22% | 29% | 30% | 29% | 27% | 29% | 28% | 28% | 21% | 29% |
| Net profit | 6,215 | 6,113 | 7,975 | 6,374 | 6,516 | 6,822 | 7,038 | 6,924 | 7,375 | 6,666 | 8,509 | 7,775 |
| EPS in ₹ | ₹15.01 | ₹14.76 | ₹19.25 | ₹15.38 | ₹15.71 | ₹16.43 | ₹16.98 | ₹16.70 | ₹17.76 | ₹16.17 | ₹21.01 | ₹19.19 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Audited consolidated results for the quarter ended 30 September 2023, filed with NSE on 12 October 2023: the result statement. All of Infosys Ltd.'s results: NSE company page.
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