The company informed about the development today after market hours. Infosys shares ended at Rs 1,436.10 on the NSE, down by Rs 8.50 or 0.59%.
The share buyback plan comes amid a strong underperformance by Infosys shares. The stock has fallen nearly 25% in the past one year while slipping 24% on the year-to-date basis.
Infosys’ performance has mirrored the lackluster show of the overall IT sector amid global headwinds. Nifty IT’s decline over a one-year period and in 2025 so far, stands at 19%.
The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 1,524.5 and Rs 1,669.6, respectively and has traded amid high volatility. Its one-year beta stands at 1.1 according to Trendlyne.
The Bengaluru-based company reported 9% year-on-year (YoY) growth in its consolidated net profit at Rs 6,921 crore for the first quarter ended June. Revenue from operations rose 8% YoY to Rs 42,279 crore. Revenues in constant currency (CC) terms grew by 3.8% YoY and by 2.6% QoQ in the first quarter. The company had won deals worth $3.8 billion in the said period, of which 55% were net new.Infosys raised its lower end of revenue growth guidance, pegging it at 1-3% in constant currency for FY26.Operating margin for the April-June quarter stood at 20.8%, which is a decline of 0.3% YoY and decline 0.2% QoQ. The company expects the same to hover around 20-22% for the rest of FY26.
Segment wise, the dominant financial services clocked a CC growth of 5.6% YoY, while the manufacturing division rose by a healthy 12.2%. The retail growth was flat at 0.4%, and that of hi-tech business increased by a marginal 1.7%.
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