Infosys Q1 net profit up 3.7% to Rs 36.12 bn; announces 1:1 bonus issue

The country's second-largest software services major Infosys today reported 3.7 per cent growth in consolidated net profit at Rs 36.12 billion for the quarter ended on June 30, 2018, compared to a net profit of Rs 34.83 billion in the year-ago period.

Revenues from operations of the Bengaluru-based firm grew 12 per cent to Rs 191.28 billion in the April-June quarter compared to Rs 170.78 billion in the year-ago period, Infosys said in a BSE filing.

Infosys board has approved issuance of one free share for every share held (that is a 1:1 bonus issue).

"The Board in its meeting...has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.