Narayana Murthy’s grandson to earn ₹3.3 crore as Infosys announces dividend

ByHT News Desk
04-18

Infosys, on Thursday, announced a final dividend of 22 per share. Ekagrah Rohan Murty, son of Rohan Murthy and Aparna Krishnan, holds 15 lakh shares of Infosys, representing a 0.04% stake.

These shares were gifted to him by Narayana Murthy when he was four months old. At the time, the shares were valued at over 240 crore. Ekagrah is one of India's youngest billionaires.

Also Read | Sudha Murthy opens up on husband Narayana Murthy's ‘70-hour’ work-week remark

Besides Ekagrah, Narayana Murthy's daughter, Akshata Murthy, who owns 3.89 lakh shares of the company (representing a 1.04% stake) as of the December 2024 quarter, will earn a whopping 85.71 crore from the Infosys dividend announcement, according to Mint.

Narayana Murthy himself is set to earn 33.3 crore in dividends, while his wife Sudha Murty will receive 76 crore.

Infosys Q4 result

IT giant Infosys on Thursday reported a consolidated net profit of Rs. 7,033 crore, a 11.7% decline for the March quarter.

It had posted a profit (attributable to owners of the company) of 7,969 crore in the year-ago period. However, it has exceeded its guidance for the full fiscal year, after having raised it to 4.5-5 percent, up from 3.75-4.50 percent.

Also Read | Infosys' Narayana Murthy calls out artificial intelligence hype in India: ‘Silly, old programmes’

Revenues for the fourth quarter stood at 40,925 crore, 7.9 per cent higher than 37,923 crore at the same time last year. The company's profits also recorded a 3.3 per cent rise.

The IT giant's profits saw a marginal increase of 1.8 per cent to 26,713 crore for the full financial year, according to a regulatory filing. Revenues climbed 6.06 per cent to reach 1,62,990 crore.

Shares of Infosys settled at 1,420.20 apiece on the BSE on Thursday, 0.51 per cent higher than the previous close. Infosys results were declared after the market closing hours.

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