Wednesday, March 05, 2025 | 07:06 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Infinite Computer surges on strong FY13 outlook

Announced a final dividend of Rs 4.5 per share taking total dividend to Rs 8.5 per share for FY12

Image

SI Reporter Mumbai

Infinite Computer Solutions (India) has surged 13% to Rs 87 after the mid-cap IT firm said that in rupee terms it would post 21% year-on-year growth in net profit at Rs 146 crore for FY13. The revenue would grow 31% at Rs 1,380 crore on y-o-y basis.

“Our guidance for the next year factors the pipeline of opportunities that we have on the table and we are guiding for a 31% growth in revenue in Indian rupee terms and an EPS growth of 21%,” said Upinder Zutshi, MD & CEO Infinite in press release.

Meanwhile, the board has announced a final dividend of Rs 4.5 per share taking total dividend to Rs 8.5 per share including interim dividend of Rs 4 per share on face value of Rs 10 per share for FY12.

 

The stock opened at Rs 75.20 and hit a high of Rs 90 on the National Stock Exchange. A combined 193,301 shares have changed hands on the counter so far on both the exchanges.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 15 2012 | 11:55 AM IST

Explore News