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2d ago

Infosys Sets Sept. 11 Board Vote on Share Buyback as Stock Jumps and IT Index Rallies

The repurchase would extend the company’s multi‑year cash‑return policy after its 2022 program, with final details to be disclosed to exchanges under SEBI rules.

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Infosys' last share buyback was in 2022.
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Overview

  • Infosys said its board will consider a proposal to buy back fully paid-up equity shares on September 11 and will report the outcome to stock exchanges in line with LODR requirements.
  • Shares rose roughly 3–5% in Tuesday trade and helped lift the Nifty IT index by around 2–2.5%, placing IT among the day’s top sectoral gainers.
  • The company targets returning about 85% of free cash flow over five years through dividends, buybacks and special payouts, and last conducted a buyback of about Rs 9,300 crore in 2022.
  • The deliberation comes after Q1 FY26 results showing consolidated net profit of Rs 6,921 crore and revenue of Rs 42,279 crore, with the lower end of full‑year revenue guidance raised to 1–3% in constant currency.
  • Media and analyst estimates of potential buyback size, including an NDTV Profit calculation near Rs 13,560 crore, are unconfirmed and have not been endorsed by the company.