Infosys ' second
quarter net profit grew 1.5 percent quarter-on-quarter (1.6 percent
year-on-year) to Rs 2,410 crore for the quarter ended September 2013, impacted
by one-time visa settlement charge of Rs 219 crore. Infosys declared an interim
dividend of Rs 20/share for the financial year 2013-14. The record date for the
payment of dividend is October 18, 2013, says Infosys.
The stock was up 5.08% to Rs 3,283. The stock pared gains after
surging as much as 7.55% at the day's high of Rs 3,360, also its 52-week high.
The stock rose as much as 1.07% at the day's low of Rs 3,157.65. On a
consolidated basis, Infosys' net profit rose 1.4% to Rs 2407 crore on 15.1%
increase in total revenues to Rs 12965 crore in Q2 September 2013 over Q1 June
2013. The results are as per International Financial Reporting Standards
(IFRS). Infosys has made a provision of Rs 219 crore towards visa related
expenses in Q2 September 2013.
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