MphasiS profit declines 12%

BS 200 SCORECARD

MphasiS has posted 12 per cent drop in its net profit at Rs 35.8 crore for the quarter-ended December 31, 2006 on a consolidated basis compared with Rs 40.85 crore in the corresponding quarter a year ago.

This included a forex loss of Rs 6 crore and a tax charge of Rs 2 crore in the quarter ended 31 December 2006 against a forex loss of Rs 2.6 crore and tax charge of Rs 60 lakh in the quarter ended 31 December 2005.

The consolidated revenue of the company for the quarter went up by 26 per cent to Rs 306 crore in comparison to the corresponding quarter in the previous financial year.

In sequential terms, the consolidated net profit in the third quarter of FY06-07 increased by 53 per cent compared to a net profit of Rs 23.4 crore recorded in the second quarter of the FY06-07.

The revenue growth in sequential quarters was 5 per cent in comparison to Rs 291.92 crore recorded in the second quarter of FY06-07. For the nine months of the FY06-07, the consolidated revenue of the group grew by 25 per cent over the corresponding period of financial year 2005-06. "As we close the calendar year 2006, we can look back with a sense of pride at what we have achieved and move into the new year with renewed vigour," said Jerry Rao, chairman, MphasiS.

During the quarter, the company added 11 clients including nine in software services and two in BPO.

Also, the company added 271 persons in the software services to take the total headcount in the division to 4,237.