Advertisement

Business

Updated on: Friday, October 22, 2021, 09:37 AM IST

Mphasis Q2 results: Net profit up 14% to Rs 341 cr, revenue up 18%

Mphasis' net profit stood at Rs 299.2 crore in the year-ago period, Mphasis said in a regulatory filing.  |

Mphasis' net profit stood at Rs 299.2 crore in the year-ago period, Mphasis said in a regulatory filing. |

Advertisement

Mphasis on Thursday reported a 14.1 per cent increase in consolidated net profit at Rs 341.4 crore for the September 2021 quarter.

The IT firm's net profit stood at Rs 299.2 crore in the year-ago period, Mphasis said in a regulatory filing. Revenue from operations grew 17.8 per cent to Rs 2,869.2 crore in the reported quarter from Rs 2,435.4 crore in the corresponding period of the last fiscal, Mphasis said in a BSE filing.

In constant currency terms, growth was 6.6 per cent quarter-on-quarter and 17.2 per cent year-on-year.

Its earnings per share (EPS) grew 13.7 per cent y-o-y to Rs 18.23. The company's new TCV (total contract value) wins stood at $241 million in Q2 FY22 in Direct business, of which 68 per cent was in new generation services.

''Our wallet-share gains in strategic accounts, as well as our accelerating success with new clients is evidence of our ability to continually expand the addressable market within our clients, going beyond traditional services,'' Mphasis Chief Executive Officer and Managing Director Nitin Rakesh said. He added the broad-based success with clients positions Mphasis well for industry-leading growth in its Direct business for FY22.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Friday, October 22, 2021, 09:37 AM IST
Advertisement