Infosys Limited (INFY)

Infosys Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	18,836	18,562	18,212	16,311	13,561	12,780
Revenue Growth (YoY)	1.56%	1.92%	11.65%	20.28%	6.11%	8.31%
Cost of Revenue	13,276	13,096	12,825	10,996	8,953	8,703
Gross Profit	5,560	5,466	5,387	5,315	4,608	4,077
Selling, General & Admin	1,580	1,632	1,561	1,560	1,173	1,353
Operating Expenses	1,580	1,632	1,561	1,560	1,173	1,353
Operating Income	3,980	3,834	3,826	3,755	3,435	2,724
Interest Expense	-54	-56	-35	-27	-26	-24
Interest & Investment Income	515	487	226	221	218	264
Currency Exchange Gain (Loss)	20	23	51	36	28	73
Other Non Operating Income (Expenses)	40	34	40	27	30	26
EBT Excluding Unusual Items	4,501	4,322	4,108	4,012	3,685	3,063
Merger & Restructuring Charges	-81	-	-1	-	-110	-
Gain (Loss) on Sale of Investments	44	34	18	24	21	32
Asset Writedown	-10	-10	-	-	-	-
Pretax Income	4,454	4,346	4,125	4,036	3,596	3,095
Income Tax Expense	1,218	1,177	1,142	1,068	973	757
Earnings From Continuing Operations	3,236	3,169	2,983	2,968	2,623	2,338
Minority Interest in Earnings	-4	-2	-2	-5	-10	-7
Net Income	3,232	3,167	2,981	2,963	2,613	2,331
Net Income to Common	3,232	3,167	2,981	2,963	2,613	2,331
Net Income Growth	7.06%	6.24%	0.61%	13.39%	12.10%	6.00%
Shares Outstanding (Basic)	4,140	4,139	4,181	4,210	4,242	4,258
Shares Outstanding (Diluted)	4,148	4,145	4,188	4,219	4,251	4,265
Shares Change (YoY)	-0.26%	-1.03%	-0.73%	-0.76%	-0.34%	-2.03%
EPS (Basic)	0.78	0.77	0.71	0.70	0.62	0.55
EPS (Diluted)	0.77	0.76	0.71	0.70	0.61	0.55
EPS Growth	5.91%	7.04%	1.43%	14.75%	11.42%	8.23%
Free Cash Flow	3,446	2,882	2,534	3,055	2,973	2,146
Free Cash Flow Per Share	0.83	0.70	0.61	0.72	0.70	0.50
Dividend Per Share	0.490	0.460	0.410	0.410	0.360	0.240
Dividend Growth	13.95%	12.20%	0%	13.89%	50.00%	-4.00%
Gross Margin	29.52%	29.45%	29.58%	32.59%	33.98%	31.90%
Operating Margin	21.13%	20.66%	21.01%	23.02%	25.33%	21.31%
Profit Margin	17.16%	17.06%	16.37%	18.17%	19.27%	18.24%
Free Cash Flow Margin	18.29%	15.53%	13.91%	18.73%	21.92%	16.79%
EBITDA	4,338	4,206	4,203	4,116	3,790	3,053
EBITDA Margin	23.03%	22.66%	23.08%	25.23%	27.95%	23.89%
D&A For EBITDA	358	372	377	361	355	329
EBIT	3,980	3,834	3,826	3,755	3,435	2,724
EBIT Margin	21.13%	20.66%	21.01%	23.02%	25.33%	21.31%
Effective Tax Rate	27.35%	27.08%	27.68%	26.46%	27.06%	24.46%

Source: S&P Capital IQ. Standard template. Financial Sources.