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Mphasis Q3 Results: Net profit up 14.5% YoY at ₹427.8 crore, revenue rises by 6.7%; stock rises up to 5.4%
3 min read | Updated on January 24, 2025, 13:59 IST
SUMMARY
Mphasis announced its results for the October-December quarter of the current fiscal (Q3 FY25) on Thursday, January 23, reporting a 14.5% year-on-year (YoY) and 1.0% quarter-on-quarter (QoQ) rise in its net profit to ₹427.81 crore.
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The IT firms in the country are also optimistic about Donald Trump’s second term as the US President
The software services firm Mphasis on Thursday declared financial results for the third quarter of the current fiscal year (Q3 FY25), reporting a 14.51% year-on-year (YoY) increase in its profit at ₹427.81 crore as against ₹373.6 reported in the year-ago period. Total revenue for the quarter stood at ₹3561.34 crore, up 6.69% as compared to ₹3337.95 reported in Q3 FY24.
On a sequential basis, the company’s profit saw an increase of 1.06% and its revenue grew by 0.71%. Operating income of the company also surged by 0.23% quarter-on-quarter (QoQ) and 9.73% YoY to ₹545.58 crore as compared to ₹544.32 crore reported in Q2 FY24 and ₹497.2 in Q3 FY24.
With the announcement of strong Q3 results, Mphasis stock is trading in the green, up 4.94% at ₹3,063.20 apiece on the NSE on Friday. Market capitalisation of the company stands at ₹58,039.09 crore. During the intraday session today, Mphasis shares jumped by as much as 5.4% to ₹3,078.40 on the NSE.
US client spending in the banking and financial services (BFS) segment has been picking up slowly since the Federal Reserve started lowering rates in September, a Reuters report noted.
“India's $254 billion IT services sector has been cautiously optimistic post third quarter results on early signs of a revival in domestic discretionary spending, after a period of sluggish growth due to inflationary pressures and geopolitical uncertainty,” the report said.
The IT firms in the country are also optimistic about Donald Trump’s second term as the US President after seeing his proposals of lower taxes and eased regulations, it added. Ahead of the results on Thursday, Mphasis stock closed nearly 4% higher on the bourses.
Mphasis Q3 Results
| Particulars (₹ crore) | Q3 FY25 | Q2 FY25 | QoQ Growth | Q3 FY24 | YoY Growth |
|---|---|---|---|---|---|
| Total Revenue | 3,561.34 | 3,536.15 | +0.71% | 3,337.95 | +6.69% |
| Total Expenses (Selling/ General/Admin) | 1,989 | 2,014.01 | -1.24% | 1,969.47 | +0.99% |
| Depreciation | 132.42 | 103.56 | +27.87% | 103.43 | +28.03% |
| Total Operating Expense | 3,015.76 | 2,991.83 | +0.8% | 2,840.75 | +6.16% |
| Operating Income | 545.58 | 544.32 | +0.23% | 497.2 | +9.73% |
| Net Income Before Taxes | 569.15 | 562.57 | +1.17% | 498.59 | +14.15% |
| Net Profit | 427.81 | 423.33 | +1.06% | 373.6 | +14.51% |
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