Mphasis Limited Announces Audited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Effective Tax Rate Guidance for the Fiscal Year 2018
January 24, 2018 at 08:55 am
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Mphasis Limited announced audited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported revenue from operations of INR 16,606.91 million as compared to INR 15,361.03 million a year ago. The growth was broad-based across direct and DXC business despite the impact of seasonality and client specific year-end events. Profit before exceptional items and tax was INR 2,890.74 million as compared to INR 2,792.61 million a year ago. Profit before tax was INR 2,890.74 million as compared INR 2,792.61 million a year ago. Profit attributable to equity owners of the company was INR 2,149.44 million as compared to INR 2,003.53 million a year ago. Diluted earnings per equity share (before and after exceptional item) were INR 11.08 as compared to INR 9.51 a year ago. Net cash from operations was at INR 2,068 million.
For the period, on consolidated basis, the company reported revenue from operations of INR 48,013.48 million as compared to INR 45,704.26 million a year ago. Profit before exceptional items and tax was INR 8,103.40 million as compared to INR 8,476.32 million a year ago. Profit before tax was INR 8,103.40 million as compared INR 8,417.80 million a year ago. Profit attributable to equity owners of the company for the period was INR 5,998.27 million as compared to INR 6,074.98 million a year ago. Diluted earnings per equity share (before exceptional item) were INR 30.33 as compared to INR 29.14 a year ago. Diluted earnings per equity share (after exceptional item) were INR 30.33 as compared to INR 28.86 a year ago.
For the quarter, on standalone basis, the company reported revenue from operations of INR 8,278.70 million as compared to INR 7,808.90 million a year ago. Profit before exceptional items and tax was INR 2,352.85 million as compared to INR 2,429.16 million a year ago. Profit before tax was INR 2,352.85 million as compared INR 2,429.16 million a year ago. Profit after exceptional items was INR 1,832.60 million against INR 1,766.09 a year ago. Total comprehensive income for the period was INR 2,214.04 million as compared to INR 1,706.15 million a year ago. Diluted earnings per equity share (before and after exceptional item) were INR 9.45 as compared to INR 8.38 a year ago.
For the period, on standalone basis, the company reported revenue from operations of INR 24,195.59 million as compared to INR 22,579.85 million a year ago. Profit before exceptional items and tax was INR 6,852.46 million as compared to INR 6,178.83 million a year ago. Profit before tax was INR 6,852.46 million as compared INR 6,139.06 million a year ago. Profit after exceptional items was INR 5,207.31 million against INR 4,585.67 a year ago. Total comprehensive income for the period was INR 5,111.34 million as compared to INR 4,675.60 million a year ago. Diluted earnings per equity share (before exceptional item) were INR 26.33 as compared to INR 21.97 a year ago. Diluted earnings per equity share (after exceptional item) were INR 26.33 as compared to INR 21.78 a year ago.
For the fiscal year 2018, the company expects effective tax rate of 25% to 27% for the time being.
Mphasis Limited is an India-based company, which applies design, architecture, and engineering services, to deliver scalable and sustainable software and technology solutions. The Company's segments include Banking and Financial Services, Logistics and Transportation, Technology Media and Telecom, Insurance, and Others. It uses its Front2Back transformation approach, which uses cloud and cognitive to provide personalized digital experiences to clients and their end customers. It provides a range of services, which includes application services, blockchain platform, business process services, cloud, cognitive, cyber security, digital, enterprise automation, infrastructure services, products engineering, XaaP (Everything as a Platform) services, and others. It serves various industries, which include banking-capital market, insurance, healthcare and life science, payments, hospitality, travel and transportation, energy and utilities, oil and gas and others.
Mphasis Limited Announces Audited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Effective Tax Rate Guidance for the Fiscal Year 2018