Infosys’ share price is up 1% in the early trade today after it announced the first buyback in the last three years. This is the biggest ever buyback by the tech bellwether. The company will be purchasing back equity shares worth Rs 18,000 crore, pegged at a 19% premium to the closing price for the share on September 11.
The tech giant will be purchasing 10,00,00,000, or 10 crore, fully paid-up equity shares at Rs 1,800 per share. This is 2.4% of the total equity shares out of the existing total paid-up equity share capital of Infosys on a standalone basis. This is the fifth buyback of Infosys in the last eight years.
Infosys share performance
The share price of Infosys has risen 3% in the last five trading days. The stock has given a return of 6.2% in the past one month. However, the tech stock has corrected 5% in the last six months, and the shares have declined 22.5% in the past one year.
Infosys’ decline has been in sync with the overall list of information technology sector stocks. The Nifty IT Index is down 14% in the last 1 year.
Infosys Q1 FY26 result
A look at Infosys’ Q1 performance. Its Q1FY26 net profit came in at Rs 6,921 crore, down 1.5% year-over-year (YoY) compared to a net profit of Rs 7,033 crore recorded in Q1 FY25.
Infosys’ revenue came in at Rs 42,279 crore in Q1 FY26, a growth of 3.3% YoY, compared to Rs 40,925 crore in the same period a year ago. The big highlight was that Infosys raised the lower end of revenue growth guidance in constant currency terms for the financial year 2026. The company now expects FY26 revenue growth to be between 1 and 3%.