Infosys Q4 Results Key Takeaways: PAT, revenue, attrition rate, dividend, and more

Infosys Q4 Results Key Takeaways: IT giant Infosys reported its fourth-quarter (January-March) results on Thursday (April 18, 2024). While there was a decline in its consolidated income Quarter-on-Quarter (QoQ), the IT firm beat Zee Business research estimates in terms of consolidated profit after tax (PAT).

The attrition rate has also eased to a little extent.

On the other hand, the company also announced an interim and a special dividend.

Here are the key takeaways from Infosys' January-March quarter (Q4 FY2324) results.

Consolidated PAT beats Street estimates

The IT company's consolidated PAT jumped by 30.50 per cent to Rs 7,969 crore in Q4 against Rs 6,106 crore in the third quarter. It was much ahead than analyst estimate of Rs 6,220 crore. 

Revenue slips

Though the company reported a rise in PAT, its consolidated revenue from operations slipped by 2.34 per cent to Rs 37,923 crore in the quarter under review from Rs 38,831 crore in the previous quarter.

The research team had estimated the revenue to be Rs 38,550 crore. 

Dividends 

The company has announced an interim dividend of Rs 20/share.

This is in addition to a special dividend of Rs 8/share that the company also announced on Thursday.

"The record date for the purpose of the Annual General Meeting and payment of final dividend and special dividend is May 31, 2024. The dividend will be paid on July 1, 2024," Infosys said in its report.

Attrition rate 

The attrition rate has eased by 30 bps sequentially.

The attrition rate for the March quarter improved to 12.60 per cent against 12.90 per cent in the December quarter.

The attrition rate, however, has eased to large extent from the March 2023 quarter, when it was 20.90 per cent.

Infosys share price

The stock of the IT company ended the trading session on Thursday, up by 0.41 per cent, or Rs 5.80 at Rs 1,420.55.