Mphasis shares in focus after Q2 net profit rises 4.5% YoY to Rs 423.3 crore
Mphasis shares will be in focus on Thursday after the company reported a 4.6% sequential increase in net profit for the quarter ending September. The net profit stood at Rs 423 crore, up from Rs 404 crore in the first quarter.
Revenue for the second quarter of fiscal 2025 rose by 3.3% to Rs 3,536 crore, compared to Rs 3,422 crore in the previous quarter.
Operating profit (EBIT) grew by 6% to Rs 544 crore, up from Rs 514 crore in the prior quarter, with EBIT margins improving from 15% to 15.4%, remaining within the target range of 14.6% to 16%.
The company secured a total contract value (TCV) of $207 million during the quarter, which includes three large deals, as highlighted in its investor presentation.
Mphasis noted that the TCV wins were broad-based across various verticals, client segments, and strategic customers, with an accelerated pace of conversion to revenue.
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