12 Dec 2019 | 2:58 PM

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COMPANYNEWS
MphasiS Q2 net profit up 11.28% at Rs 210.26 cr
  MphasiS Ltd. | 12 Dec 2019 | 02:46 PM
Published on 11-15-2019
The company reported standalone net profit of Rs 210.26 crore for the quarter ended September 30 2019 as compared to Rs 188.94 crore in the same period last year registering a year-on-year growth of 11.28 per cent.


Net revenue of the company rose substantially by 23.04 per cent at Rs 1048.79 crore in July-September quarter of this fiscal as against Rs 852.42 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 17.76 per cent to Rs 740.49 crore from Rs 628.80 crore in year ago period.


Other Income dipped by 41.13 per cent at Rs 19.54 crore versus (Sep`18 Rs 33.19 crore).


Operating Profit surged by 37.87 per cent to Rs 308.30 crore as against Rs 223.62 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 12.09 per cent in September quarter.


Interest grew by 1994.94 per cent y-o-y to Rs 16.55 crore while Taxation increased by 7.06 per cent at Rs 61.84 crore (Sep`18 Rs 57.76 crore).