Mphasis Q4 results: Net profit declines 3% to Rs 393 crore

IT company Mphasis posted a 2.98 per cent decline in consolidated net profit to Rs 393.2 crore in the March quarter of FY24.

The company posted a net profit of Rs 405.3 crore in the same period a year ago.

The consolidated revenue from operations of Mphasis Group, however, increased marginally to Rs 3,142 crore during the fourth quarter of the previous fiscal from Rs 3,361.2 crore a year ago, the company said in a regulatory filing.

During the reporting quarter, Mphasis registered new TCV (total contract value) wins of USD 177 million (about Rs 1,475 crore).