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Mphasis falls 4% post June-quarter results

The stock dipped 4% to Rs 1,149 on the BSE after the IT Company reported in line with 8.7% QoQ growth in consolidated net profit at Rs 2.58 billion in June quarter.

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SI Reporter Mumbai
Mphasis was down 4% to Rs 1,149 on the BSE in early morning trade on Wednesday even after the IT Company reported in line with 8.7% quarter on quarter (QoQ) growth in consolidated net profit at Rs 2.58 billion in June quarter (Q1FY19). It had profit of Rs 2.38 billion in March quarter (Q4FY18).

Gross revenue grew 7.0% QoQ at Rs 18.20 billion during the quarter. In constant currency terms, growth was 2.9% QoQ. Excluding one-time revenue from India Government contract in Q4 FY18, gross revenue grew 3.6% QoQ in constant currency terms, which was in line with an