Quarterly Results: MphasiS Ltd
Shital Jibhe / 04 Nov 2016
Mphasis Ltd ended at Rs. 506.55, down by 14.75 points or 2.83% from its earlier closing of Rs. 521.3 on the BSE. The scrip touched a high and low of Rs. 525 and Rs. 504.05 respectively after opening at 525.
Technical View:
Mphasis Ltd ended at Rs. 506.55, down by 14.75 points or 2.83% from its earlier closing of Rs. 521.3 on the BSE.
The scrip touched a high and low of Rs. 525 and Rs. 504.05 respectively after opening at 525. Altogether 92417 (NSE+BSE) shares were traded on the counter; and the stock is trading above its 100 DMA.
Consolidated Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Mphasis Ltd’s Q2FY17 numbers are a mixed bag as compared with street estimates. Revenue is almost in conjunction with the street estimate of Rs 1528 cr at Rs 1518, while net profit is 2.8% greater than the estimated figure of Rs 205 cr.
The quarter's revenue has marginally decreased by 2.4% yoy to Rs 1518 cr.
Mphasis Ltd's reported EBITDA has expanded by 5.9% yoy to Rs 246 cr while EBITDA margins have increased by 128 bps yoy to 16.2%, majorly triggered by operational efficiency.
Net profit has dropped 10.4% yoy to Rs 211 cr majorly due to 17% yoy surge in other income and a sharp drop of 39% yoy in finance cost.
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