Mphasis’ Q1 net profit grows 23% to Rs 340 crore; revenue rises 17%

IT firm Mphasis on Thursday reported a 23.4 per cent increase in consolidated net profit at Rs 339.6 crore in June 2021 quarter.

The company’s net profit stood at Rs 275.1 crore in the year-ago period, Mphasis said in a regulatory filing.

Revenue from operations grew 17.5 per cent to Rs 2,690.8 crore in the reported quarter from Rs 2,288.2 crore in the year-ago period, it added.

In constant currency, growth was 16.3 per cent on y-o-y basis, and 5.9 per cent on q-o-q basis. Its earnings per share (EPS) grew 23.1 per cent y-o-y to Rs 18.16.

The company’s new TCV wins stood at USD 505 million in Q1 FY22 in Direct business, of which 85 per cent was in new generation services.