Infosys Q1 net profit up 3.77% at Rs 4901.00 cr
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The company reported standalone net profit of Rs 4,901.00 crore for the quarter ended June 30, 2022 as compared to Rs 4723.00 crore in the same period last year, registering a year-on-year growth of 3.77 per cent. Net revenue of the company rose substantially by 24.51 per cent at Rs 29,527.00 crore in April-June quarter of this fiscal as against Rs 23,714.00 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 31.50 per cent to Rs 22,596.00 crore from Rs 17,183.00 crore in year ago period.
Other Income grew by 13.68 per cent at Rs 648.00 crore versus (Jun'21 Rs 570.00 crore). Operating Profit surged by 6.12 per cent to Rs 6,931.00 crore as against Rs 6,531.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.78 per cent in June quarter. Interest grew by 6.25 per cent y-o-y to Rs 34.00 crore, while Taxation increased by 13.05 per cent at Rs 2,001.00 crore (Jun'21 Rs 1,770.00 crore).
