Shruti Shibulal Makes Big Move: Acquires ₹469 Crore Worth of Infosys Shares

Shruti Shibulal, one of the promoters of Infosys and the daughter of Infosys co-founder and former CEO SD Shibulal, acquired a significant stake in the company through a major block deal on March 12, 2025. Shruti purchased 29.84 lakh shares of Infosys through an open market transaction, amounting to a total deal value of ₹469.69 crore.

According to data from the National Stock Exchange (NSE), the shares were acquired at an average price of ₹1,574 per share. Interestingly, the same number of shares were sold by Gaurav Manchanda, a member of SD Shibulal’s family, at the same price, indicating that the transaction may have been a strategic internal realignment of holdings within the family.

This latest acquisition comes shortly after Shruti made another sizable investment in Infosys on the previous day, March 11, when she purchased shares of the company worth approximately ₹494 crore. These back-to-back purchases highlight a notable shift in the shareholding structure of Infosys, India’s second-largest information technology (IT) company, and suggest increased confidence among the promoters in the company’s future prospects.

Shruti Shibulal’s involvement in Infosys is part of a broader trend of family-linked strategic investments within the company. As the daughter of one of Infosys’s founding figures, her increased stake reinforces the deep-rooted connection between the Shibulal family and the company.

Infosys Reports Strong Q3 Results with 11.4% Rise in Net Profit to ₹6,806 Crore

Infosys, the tech giant led by CEO Sahil Parekh, reported a solid performance for the third quarter of the financial year 2024-25 (Q3 FY25), reflecting improved demand from key markets, particularly the United States. The company’s net profit for the October-December quarter stood at ₹6,806 crore, marking an 11.4% increase from ₹6,106 crore in the same period of the previous fiscal year.

The company’s revenue for the quarter came in at ₹41,764 crore, representing a 7.6% year-on-year (YoY) increase from the ₹38,318 crore reported in the corresponding quarter last year. In terms of constant currency (CC), revenue grew by 6.1% YoY but experienced a slight sequential decline of 1.7% compared to the previous quarter.

Infosys attributed the overall positive performance to stronger demand from its US-based clients, which contributed to growth across all key business segments. Notably, the company’s financial services division, which remains a crucial revenue driver, recorded a 6.1% YoY increase in revenue, highlighting improved client engagement and higher spending on technology solutions.

The company’s large order bookings, defined as deals valued at over $50 million, also showed resilience. Infosys secured $2.5 billion worth of large deals during the quarter, slightly higher than the $2.4 billion recorded in the previous quarter. However, this figure was lower than the $3.2 billion reported in the same quarter last year, indicating some variability in the deal pipeline.

The Q3 performance underscores Infosys’s ability to navigate a dynamic market environment and leverage opportunities in its core markets. The company’s consistent growth in revenue and profit, despite some short-term challenges, reflects the strength of its business model and its strategic focus on expanding its client base and enhancing service offerings.

Infosys Reports 7.6% Revenue Growth in Q3 and Raises Full-Year Revenue Forecast

Infosys reported a strong increase in revenue for the third quarter of the financial year 2024-25 (Q3 FY25), with total revenue rising by 7.6% year-on-year (YoY) to ₹41,764 crore. This growth reflects the company’s ability to capitalize on improving demand across key markets and business segments.

Encouraged by its solid quarterly performance, Infosys revised its full-year revenue growth forecast upward. The company now expects its revenue for the fiscal year to grow between 4.5% and 5%—a notable increase from its previous guidance of 3.75% to 4.5%. This upward revision suggests increased confidence in the company’s business pipeline and market demand in the coming quarters.

However, Infosys experienced a rise in voluntary attrition in its IT services segment during the quarter. The company’s attrition rate increased to 13.7% in Q3, up from 12.9% in both the preceding quarter (July-September 2024) and the same quarter in the previous fiscal year (October-December 2023). The rise in attrition reflects increased competition for skilled talent in the IT sector and evolving workforce dynamics.

Despite the increase in attrition, Infosys managed to grow its overall workforce. The company’s total employee count stood at 323,379 at the end of Q3, compared to 322,663 in the same period last year. This increase in headcount underscores Infosys’s ongoing efforts to strengthen its talent pool and support future business growth.

The combination of higher revenue, an improved full-year outlook, and a growing workforce positions Infosys well to sustain its growth momentum in a competitive market environment.

Infosys Shares Decline 4.28% Amid Broader Market Volatility

On Wednesday, Infosys shares experienced a notable decline, reflecting broader market pressures and investor sentiment. The stock opened at ₹1,639.65 on the Bombay Stock Exchange (BSE) but quickly lost momentum, falling 4.6% during intraday trading to reach a low of ₹1,564.15. By the end of the trading session, Infosys shares settled at ₹1,589.60 apiece, down 4.28% from the previous day’s closing price.

The recent downward trend in Infosys’s share price extends beyond a single trading session. Over the past month, the stock has fallen by 13.74%, reflecting a period of consistent weakness. On a year-to-date (YTD) basis, Infosys shares have declined by 15.54%, indicating that the company’s stock performance has faced sustained pressure since the beginning of the calendar year.

Despite the recent weakness in its stock price, Infosys continues to maintain a substantial market presence. The company’s market capitalization currently stands at ₹6,60,118.56 crore, reinforcing its position as one of India’s largest and most influential information technology (IT) companies.

The decline in Infosys’s share price comes amid a complex global economic environment and shifting market dynamics, which have influenced investor confidence in the technology sector. While the stock’s recent performance reflects these broader challenges, Infosys’s market cap and standing in the IT industry remain strong.