Mphasis announced Q2 Finance results report Net Profit 8.8% to Rs 299.2 crore
IT company on Mphasis announced Q2 Finance results report the net profit growth on QoQ 8.8% percent to Rs.299.2 crore as against last year the same quarter Rs.275.1 crore.
The Mphasis total revenue Rs.2,435.4 crore growth 6.4% Quarter-on-Quarter as against last year on same quarter revenue Rs.2,288.2 crore.
Earning Before Interest and Taxes (EBIT) Rs.392.4 crore and last year the same quarter the Rs.358.4 crore. this Q2 quarter changes by 9.5% percent.
The Margin 16.1% percent increase changes QoQ 40 bps, in the last year the same quarter 15.7% percent.
Mphasis Chief Executive officer and Executive Director Nitin Rakesh Sai, ” We are pleased with achieving the highest ever TCV wins for the quarter, as the nature of deals is transformation lead, requiring multiple capabilities and competencies to come together. The investments we made in our tribes and squads model are driving growth and differentiation.
The company got a new project 360 million USD worth TCV wins in Direct business, the company highest ever TCV win for this quarter.
Mphasis share price today changes the gain on results after 2.38% percent and market close this share price Rs.1,382.05.
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