Mphasis Q2 results: Net benefit up 14% to Rs 341 crore

IT firm Mphasis on Thursday announced a 14.1 percent expansion in merged net benefit at Rs 341.4 crore for the September 2021 quarter. The organization's net benefit remained at Rs 299.2 crore in the year-prior period, Mphasis said in an administrative documenting. 

Income from tasks became 17.8 percent to Rs 2,869.2 crore in the detailed quarter from Rs 2,435.4 crore in the year-prior period, it added. 

In steady money terms, development was 6.6 percent quarter-on-quarter and 17.2 percent year-on-year. Its income per share (EPS) became 13.7 percent y-o-y to Rs 18.23. 

The organization's new TCV (absolute agreement esteem) wins remained at $241 million in Q2 FY22 in Direct business, of which 68% was in new age administrations. 

"Our wallet-share gains in essential records, just as our speeding up progress with new customers is proof of our capacity to ceaselessly extend the addressable market inside our customers, going past customary administrations," Mphasis Chief Executive Officer and Managing Director Nitin Rakesh said. 

He added the wide based accomplishment with customers positions Mphasis well for industry-driving development in its Direct business for FY22.