Mphasis reported an 11.9 per cent increase in consolidated net profit to Rs 266.14 crore in the March 2019 quarter.
The company’s net profit was at Rs 237.67 crore in the year-ago period, Mphasis said in a statement on Monday night.
Its revenue from operations increased 16 per cent to Rs 2,024.95 crore in the said quarter from Rs 1,744.48 crore in the year-ago period, it added.
Mphasis feels they are backed by the consistent and healthy growth of Mphasis over the quarters; especially in new-generation services which contribute to 46 per cent of their direct core portfolio. They continue to invest in growing their service offerings and strengthening their go-to-market, Mphasis Chief Executive Officer (CEO) said.
For the full 2018-19, Mphasis’ net profit was up 28.1 per cent to Rs 1,073.35 crore, while revenue from operations went up 18.1 per cent to Rs 7,730.98 crore from the previous financial year.
The board has approved a dividend of Rs 27 per equity share for the financial year ended March 2019 that is subject to approval at the annual general meeting on July 25.
The company said it saw new deal wins of $616 million (total contract value) in direct international business during 2018-19. Of this, 79 per cent was in new-generation services — an 11.8 per cent increase year-on-year, the statement said.
