Infosys Q3 Net Profit Declines By 7.3% To Rs 6,106 Crore

New Delhi: IT company Infosys on Thursday posted a 7.3 percent decline in consolidated net profit at Rs 6,106 crore in the third quarter of the current financial year.

The company had posted a net profit (attributable to shareholders) of Rs 6,586 crore during the same period a year ago, Infosys said in a regulatory filing Consolidated revenue from operations of the company increased marginally by 1.3 percent to Rs 38,821 crore during the quarter under review from Rs 38,318 crore in the year-ago period. (Also Read: Low Investment, High Returns Business Idea: Invest Rs 8 Lakh To 10 Lakh And Earn Bumper Amount)

Infosys revised its revenue growth guidance for the ongoing financial year to 1.5-2 pc from 1-2.5 percent estimated earlier. (Also Read: ChatGPT Soon Coming To Cars Near You; Check How Will It Transform Your Ride?)

The company also said that its board has approved a proposal to acquire a Bengaluru-based semiconductor design service provider InSemi for about Rs 280 crore.

The acquisition of InSemi is expected to close during the fourth quarter of FY24, subject to customary closing conditions, the filing said.