MphasiS is trading higher by 4% to Rs 436 after the company reported 9% quarter on quarter (qoq) jump in consolidated net profit at Rs 193 crore for the quarter ended July 31, 2013 (Q3) on back of better operational performance. The company had profit of Rs 177 crore in April 2013 quarter. Revenues grew 9.6% at Rs 1,540 crore on qoq basis.
EBITDA margin of the company improved by around 100bp qoq to 18.2% despite negative impact from wage hikes given during the quarter, aided by sharp rupee depreciation, says analyst at Angel Broking in a note.
The company added 16 new clients during the quarter, out of which 10 were added in direct channel. The company remained committed to increase revenues from direct channel.
The stock opened at Rs 440 and touched high of Rs 447 on NSE. A combined around 178,000 shares change hands on the counter so far on NSE and BSE.
EBITDA margin of the company improved by around 100bp qoq to 18.2% despite negative impact from wage hikes given during the quarter, aided by sharp rupee depreciation, says analyst at Angel Broking in a note.
The company added 16 new clients during the quarter, out of which 10 were added in direct channel. The company remained committed to increase revenues from direct channel.
The stock opened at Rs 440 and touched high of Rs 447 on NSE. A combined around 178,000 shares change hands on the counter so far on NSE and BSE.
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