Mphasis - Q2FY21 numbers - Angel Broking

Mr. Jyoti Roy - DVP - Equity Strategist, Angel Broking Ltd

Mphasis reported a 7.2% qoq growth in revenues to USD 327mn which was better than peers like Mindtree and L&T Infotech. In rupee terms revenue grew by 5.2% qoq to ₹2,435 crore while net profit was up by 8.8% QoQ to ₹299.2 crore. Overall the Q2FY21 numbers were above street estimates. The company also reported record direct TCV wins at USD 360mn for the quarter as compared to USD 259mn in Q1FY21 which is a key positive. While the Q2FY21 numbers were above expectations on all parameters, only concern for the markets is the continued fall in the DXC business.

Shares of MPHASIS LTD. was last trading in BSE at Rs.1351.55 as compared to the previous close of Rs. 1302.5. The total number of shares traded during the day was 22731 in over 2421 trades.

The stock hit an intraday high of Rs. 1365.9 and intraday low of 1302.8. The net turnover during the day was Rs. 30523106.

Source : Equity Bulls

Keywords