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Last Updated : May 23, 2015 04:19 PM IST | Source: Moneycontrol.com

MphasiS Q4 net up 10%, HP channel revenue falls 9%

HP channel revenue declined by 9.1 percent to Rs 443 crore in Q4 FY15 on account of client ramp downs. HP channel constitutes 31 percent of total revenues during the quarter. However, as per analysts polled by CNBC-TV18, HP channel was seen falling by 3-4 percent.

 
 
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MphasiS has reported consolidated net profit of Rs 177.7 crore, up 9.7 percent in the quarter ended March 2015 from Rs 162 crore in the last quarter of FY15. During the period, the software company’s revenue was marginally up 1.3 percent at Rs 1,429 crore against Rs 1,410.8 crore sequentially.


Its consolidated EBIT was down 2.7 percent Rs 178 crore versus Rs 183 crore quarter-on-quarter (Q-o-Q). 

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According to a CNBC-TV18 poll, MphasiS was expected to post net profit of Rs 165 crore in March quarter while rupee revenue was seen to be flat at Rs 1410 crore sequentially.


Its net margin increased by 70 basis points to 12.4 percent against 11.7 percent in Q3 FY15. The company has said its direct organic revenue in mature markets grew 1.3 percent (QoQ) on a reported basis and 2.8 percent net of rupee appreciation.


Hewlett Packard (HP) channel revenue declined by 9.1 percent to Rs 443 crore in Q4 FY15 on account of client ramp downs. HP channel constitutes 31 percent of total revenues during the quarter. As per analysts polled by CNBC-TV18, its HP channel was seen falling by 3-4 percent.


However, the company saw strong turnaround in Digital Risk with revenue growth of 37.4 percent in Q4 FY15 on a reported basis.
 
“The company has changed its financial year from 31st October to 31 March from financial year 2013-14. Consequently, in the absence of comparable proforma financial statements for the corresponding period of the previous year, the financial performance of the company for the quarter ended 31st March 2015 has been compared with that of the 2 months period ended 31st March 2014 and the year ended 31st March 2015 has been compared with that of the 5 months period ended 31st March 2014,” it said.


The company has announced a dividend of Rs 16 per share.


Posted by Nasrin Sultana



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First Published on May 23, 2015 01:42 pm
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