Shares of Infosys Limited rose after the company announced it expects a refund of ₹2,949 crores from the income tax department. On the National Stock Exchange (NSE), Infosys shares climbed 0.41% to an intraday high of ₹1,606.05 on March 27, 2025.
The company stated that it received orders from the income tax department on March 25, 2025 and March 26, 2025. As per the orders, the company is entitled to a refund, including interest.
Company evaluating financial implications
Infosys said in an exchange filing that it is evaluating the implications of the income tax orders on its financial statements. The impact will be assessed for the quarter and year ending March 31, 2025.
The company has assured stakeholders that it will provide further updates as necessary. For those who invest in stocks, the refund process is expected to be completed in due course.
Infosys launches new initiative in Pune
In a separate development, Infosys announced the launch of the Infosys Springboard Makerlab at Symbiosis International (Deemed) University in Pune. This initiative aims to provide young learners practical experience in Science, Technology, Engineering, and Mathematics (STEM) fields.
The new lab is designed to enhance employability skills by offering access to cutting-edge technologies. It will be open to students from all Symbiosis institutions as well as nearby educational institutions.
The lab will provide access to advanced technology and experiential learning in areas such as automation and digital transformation. Students will gain exposure to Industry 4.0, the Internet of Things (IoT), Augmented and Virtual Reality (AR/VR), and robotics.
Infosys stock performance
Infosys remains a key player in the Indian IT sector, with a market capitalisation of ₹6,69,961 crores. With a Price-to-Earnings (P/E) ratio of 24.2 and a Return on Capital Employed (ROCE) of 40%, the company continues to showcase strong financial performance. One of Infosys' biggest strengths is its near debt-free status, coupled with an exceptional Return on Equity (ROE) of 31.8%.
Additionally, investors benefit from a healthy dividend yield of 2.37%, with the company maintaining an impressive dividend payout ratio of 63.3%. However, the stock is currently trading at 7.52 times its book value, which may indicate overvaluation. Moreover, promoter holding stands at a relatively low 14.4%, which could be a concern for some investors.
Is Infosys the right investment? Stay informed before making a move
At 10:20 AM on Thursday, March 27, 2025, Infosys shares were trading at ₹1,617.58 on the NSE. Infosys shares have declined 15% so far, underperforming the NIFTY50 index. The benchmark index has fallen 0.67% year-to-date.
Market analysts note that the stock movement reflects overall trends in the IT sector. Overall, the stock's performance aligns with broader IT sector trends, while global economic conditions continue to shape investor sentiment.
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