ICRA reaffirms CGR1 rating to Infosys’ Corporate Governance practices
Date: 15-11-2012Rating Committee of ICRA, after due consideration of the latest developments, has reaffirmed the CGR1 rating for the Corporate Governance practices of Infosys implying that the company has adopted and follows such practices, conventions and codes as would provide its financial stakeholders the highest level of assurance on the quality of corporate governance.
On the consolidated basis, the company has posted a rise of 24.29% in its net profit at Rs 2369.00 crore for the quarter ended September 30, 2012 as compared to Rs 1906.00 crore for the same quarter in the previous year. Total income has increased by 24.49% at Rs 10564.00 crore for quarter under review as compared to Rs 8486.00 crore for the quarter ended September 30, 2011.