MphasiS net at Rs 302.68 cr

HP-owned IT services firm MphasiS on Thursday said its consolidated net profit stood at Rs 302.68 crore for the five months (November 2013-March 2014) ended March 31, 2014.

MphasiS had posted net profit of Rs 176.54 crore during the February-April quarter of 2013.
Revenues (net of hedge) during the November-March 2014 period were Rs 1,030 crore representing decline of 1.2 per cent on a normalised basis over a year earlier.

Net of rupee appreciation revenues grew by 0.6 per cent. During the February-April 2013 quarter, net sales were Rs 1,405.42 crore.

Consolidated net sales for the country's sixth largest IT services firm stood at Rs 2,593.83 crore in the November-March period, representing normalised growth of 7.4 per cent over the previous fiscal.

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