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Infosys has disclosed in a regulatory filing that the Inland Revenue Authority of Singapore has levied a penalty of 97035 Singapore dollars (over Rs 66 lakh) on the company. The order was conveyed to Infosys on August 13. According to data shared by Infosys on late Wednesday evening the Inland Revenue Authority of Singapore which administers and collects taxes has levied the penalty of 97035.9 SGD which pertains to Singapore GST payment for the period April 2025 to June 2025.  There is no material impact on financials operations or other activities of the company Infosys said.  Infosys Profit Drops In Q1 In the June quarter Infosys posted a net profit of Rs 6921 crore which was  a 1.6% decline from the previous quarter while revenue grew 3.3% sequentially to Rs 42279 crore. The company was also boosted by deal wins totalling $3.8 billion in the period the company revised the lower end of its full-year revenue growth guidance to 1% up from its earlier projection of zero growth. The  IT company’s stock gained by around 1.50 per cent during intraday trade to Rs 1448.00 its biggest single-day rise  was Rs 1470.00 at stock market closure.   (With Inputs From PTI)