Q4 FY 24

Financial
Results
Infosys Limited
CIN : L85110KA1981PLC013115
Regd. Office: Electronics City, Hosur Road, Bengaluru 560 100, India.
Website: www.infosys.com; Email: investors@infosys.com; Telephone: 91 80 2852 0261; Fax: 91 80 2852 0362
Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2024
prepared in compliance with the Indian Accounting Standards (Ind-AS)
(in ₹ crore, except per equity share data)
Quarter Quarter Quarter Year ended
ended ended ended March 31,
March 31, December 31, March 31,
Particulars

2024 2023 2023 2024 2023

Audited Audited Audited Audited Audited
Revenue from operations 37,923 38,821 37,441 153,670 146,767
Other income, net (refer note 1(f)) 2,729 789 671 4,711 2,701
Total Income 40,652 39,610 38,112 158,381 149,468
Expenses
Employee benefit expenses 20,393 20,651 20,311 82,620 78,359
Cost of technical sub-contractors 2,967 3,066 3,116 12,232 14,062
Travel expenses 471 387 426 1,759 1,525
Cost of software packages and others 3,687 3,722 2,886 13,515 10,902
Communication expenses 147 169 171 677 713
Consultancy and professional charges 489 504 387 1,726 1,684
Depreciation and amortization expenses 1,163 1,176 1,121 4,678 4,225
Finance cost 110 131 82 470 284
Other expenses 985 1,185 1,146 4,716 4,392
Total expenses 30,412 30,991 29,646 122,393 116,146
Profit before tax 10,240 8,619 8,466 35,988 33,322
Tax expense: (refer note 1(e))
Current tax 1,173 2,419 2,260 8,390 9,287
Deferred tax 1,092 87 72 1,350 (73)
Profit for the period 7,975 6,113 6,134 26,248 24,108

Other comprehensive income

Items that will not be reclassified subsequently to profit or loss

Remeasurement of the net defined benefit liability/asset, net 26 71 25 120 8
Equity instruments through other comprehensive income, net (12) (9) (15) 19 (7)

Items that will be reclassified subsequently to profit or loss

Fair value changes on derivatives designated as cash flow hedges, net 28 (46) 36 11 (7)
Exchange differences on translation of foreign operations (231) 436 61 226 776
Fair value changes on investments, net 37 52 42 144 (256)
Total other comprehensive income/(loss), net of tax (152) 504 149 520 514

Total comprehensive income for the period 7,823 6,617 6,283 26,768 24,622

Profit attributable to:

7,969 6,106 6,128 26,233 24,095
Owners of the company
6 7 6 15 13
Non-controlling interests
7,975 6,113 6,134 26,248 24,108

Total comprehensive income attributable to:

Owners of the company 7,821 6,605 6,276 26,754 24,598
Non-controlling interests 2 12 7 14 24
7,823 6,617 6,283 26,768 24,622

Paid up share capital (par value ₹5/- each, fully paid) 2,071 2,070 2,069 2,071 2,069
#
Other equity * 86,045 73,338 73,338 86,045 73,338

Earnings per equity share (par value ₹5/- each)**

Basic (in ₹ per share) 19.25 14.76 14.79 63.39 57.63
Diluted (in ₹ per share) 19.22 14.74 14.77 63.29 57.54
* Balances for the quarter ended December 31, 2023 represent balances as per the audited Balance Sheet as at March 31, 2023 as required by SEBI (Listing and Other Disclosure
Requirements) Regulations, 2015

** EPS is not annualized for the quarter ended March 31, 2024, quarter ended December 31, 2023 and quarter ended March 31, 2023.
#
Excludes non-controlling interest