Good news! Infosys to pay Rs 12 as interim dividend; Know EPS growth too!

Infosys Dividend Alert: Infosys Ltd will pay dividend of Rs 12 per equity share to its shareholders and has fixed 26 October 2020 as the record date for interim dividend while 11 November as the payment date. On the back of cost optimisation this interim dividend payout is a 50 per cent on year increase.  

“Our relentless efforts on cost optimisation and strengthening operational efficiencies helped by certain cost deferrals led to 270 bps sequential improvement in operating margin to 25.4% and a 300-bps improvement in H1 margins”, CFO Nilanjan Roy said. 

“Free Cash Flows grew significantly in H1 driven by our consistent focus on liquidity and cash management. Consequently, we are increasing our interim dividend per share by 50% to Rs12,” he added. 

EPS Growth: 

India’s second largest IT company Infosys reported a 20.8 per cent year-on-year (YOY) growth in its Earnings per Share (EPS) for the quarter ended 30 September 2020. On the quarter-on-quarter (QoQ) basis the growth recorded was 14.4 per cent. Basic EPS for the reporting quarter was Rs 11.42, it said in its financial result filing with the exchanges. 

For the six months ended 30 September the EPS growth was over 17 YOY per cent at Rs 21.40.  

The company announced its Q2FY21 results on Wednesday, beating expectations. It reported an on-year 20.5 per cent increase in its net profits at Rs 4,845 cr. The revenues went up by 8.6 per cent YOY at Revenues were Rs 24,570 cr. The QoQ growth for the reporting quarter was 3.8 per cent. 

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The operating profit was Rs 6,228 cr, growth of 26.8 per cent YoY and 16.1 per cent QoQ. For six months ended September 30, 2020 the operating profit was Rs 11,593 crore, up by 23.6 per cent YoY.