MphasiS net profit up at Rs 210 cr

Written by fe Bureau | Bangalore | Updated: Mar 1 2009, 04:31am hrs
IT solutions and services providers, MphasiS Group recorded net profit of Rs 210 crore for the quarter ended January 2009, showing a steep incline by 270% from Rs 56.7 crore in the corresponding quarter last fiscal.

Operating profit of the group for the quarter surged 246% to Rs 210.6 crore from Rs 60.8 crore, while revenue increased by 58.1% to Rs 977.7 crore from Rs 618.3 crore.

Earnings per share of the group was up to Rs 10.05 from Rs 2.72, rising by 269.5%.

Ganesh Ayyar, chief executive officer, MphasiS said in a statement, "The MphasiS team has produced good results after careful planning in the last few quarters, keeping our costs down and aggressively seeking business across all sales channels. In today's challenging market, we will intensify our focus on operational excellence and productivity enhancement."