Mphasis shares rise over 4% after reporting higher Q3 revenue

This is consecutively the third session witnessing a positive trend in the company’s share prices.

Mphasis Ltd shares gained over 4 percent on January 24 after the mid-tier IT firm reported its December quarter results.

At 12:55 pm on January 24, Mphasis shares were trading at Rs 3,047.15 apiece which is 4.39 percent higher.

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As per the earnings announcement, Mphasis' Q3FY25 revenue stood at Rs 3,561 crore, which is 6.69 percent higher than last year. The company's consolidated net profit grew nearly 15 percent to Rs 428 crore ($49.54 million) for the quarter, and a percent higher on YoY basis.

The company’s operating income recorded an increase of 0.23 percent on QoQ basis, and 9.73 percent on YoY basis. The company's total contract value (TCV) grew 46 percent to $351 million during the quarter.

"I think we do expect Q4 to be, I would say the best quarter in the last three years from a sequential growth perspective," MD & CEO Nitin Rakesh said during the earnings call. "We've seen some, in a six quarter high in TCV in this quarter. In addition, we signed a large deal already in Q4 within the first two weeks. So that actually gives us some boost to converting some of that into in quarter revenue as well," he added.