Infosys share price today: India’s second largest IT services firm, Infosys’ shares fell by nearly 6% to Rs 1,812.70 on the BSE, causing a significant reduction of approximately Rs 1,900 crore in Narayana Murthy’s combined family net worth.
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The market value of Murthy family's 4.02% stake in Infosys decreased to Rs 30,334 crore, whilst the company's market capitalisation declined to Rs 7.54 lakh crore, according to an ET report.
According to September quarter holdings, Infosys co-founder NR Narayana Murthy owned 0.40% of the company, Sudha N Murty held 0.92%, Rohan Murty possessed 1.62%, and Akshata Murty (Rishi Sunak's wife) maintained 1.04%. Ekagrah Rohan Murty, Narayana Murthy's grandson, held 0.04% stake in the company.
The collective 4.02% ownership of these five family members was valued at Rs 30,334 crore following Friday's decline. This indicated a considerable decrease from Thursday's valuation of Rs 32,236 crore, demonstrating the impact of the market selloff on their net worth.
Infosys share prices plunged despite the company reporting strong financial results for the December quarter, including an 11% year-on-year increase in consolidated net profit to Rs 6,806 crore. The company's operational revenue grew by 8% YoY to Rs 41,764 crore, leading to an upward revision of revenue guidance to 4.5%-5% for the current fiscal year.
The company achieved constant currency revenue growth of 6.1% YoY and 1.7% sequentially.
Operating profit rose by 12% YoY to Rs 8,912 crore, with operating margins improving by 80 basis points to 21.3%. The quarter's large deal total contract value reached $2.5 billion, slightly higher than the previous quarter's $2.4 billion.
The share price declined sharply despite robust performance indicators.
Infosys maintains a positive outlook, forecasting operating margins between 20-22% for FY25.
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