Mphasis-BFL has reported an excellent performance for the year ended March '01. The company's topline grew by 43% and profits jumped to Rs 206 m from Rs 4 m in the previous year.
Operating Profit (EBDIT)
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This turnaround has been achieved primarily by an increase in productivity, higher price realization from the solutions business and higher capacity utilization at an yearly average of 66% compared to 55% last year. Its operating margins improved sharply from 8% to 19.3% in the current year.
The number of customers of the company increased from 45 to 64 in the current year. During the year it has added global clients from diversified domains. These include a large global airline, one of the world’s largest brokerage houses, one of the largest credit card companies in the US and the fastest growing bank in Japan.
At the current market price of Rs 199 Mphasis-BFL is trading at a P/E of 15 times FY01 earnings.
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