Mphasis Q2FY24 result: Consolidated profit at Rs 391 cr; revenue down 6%

The consolidated net profit of Mphasis, an IT company based in Bengaluru, for the second quarter of the current financial year (Q2FY24) saw a fall of 6.33 per cent to Rs 391.95 crore, compared to Rs 418.46 crore for the corresponding quarter of the previous year, the company said in a BSE filing. Sequentially, the net profit was down 1.03 per cent. In Q1FY24, the net profit of the company was Rs 396.05 crore.

The revenue from operations for Q2FY24 came in at Rs 3,276.5 crore, compared to Rs 3,519.8 crore year-on-year (y-o-y). This is a fall of 6.91 per cent. On a quarter-on-quarter (q-o-q) basis, the revenue for operations was up 0.75 per cent. It stood at Rs 3,252 crore in Q1FY24.