MphasiS Q1 net profit up 8.23% at Rs 332.97 cr
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The company reported standalone net profit of Rs 332.97 crore for the quarter ended June 30, 2022 as compared to Rs 307.64 crore in the same period last year, registering a year-on-year growth of 8.23 per cent. Net revenue of the company rose substantially by 38.71 per cent at Rs 2,223.40 crore in April-June quarter of this fiscal as against Rs 1,602.95 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 47.52 per cent to Rs 1,741.48 crore from Rs 1,180.50 crore in year ago period. Other Income dipped by 4.88 per cent at Rs 31.21 crore versus (Jun'21 Rs 32.81 crore). Operating Profit surged by 14.08 per cent to Rs 481.93 crore as against Rs 422.45 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.72 per cent in June quarter. Interest grew by 24.44 per cent y-o-y to Rs 16.04 crore, while Taxation increased by 24.10 per cent at Rs 122.69 crore (Jun'21 Rs 98.86 crore).
