MPHASIS LTD Announces Quarterly Results (2QFY19); Net Profit Up 37.0%
Fri, 19 Oct

MPHASIS LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MPHASIS LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m16,04718,20219,1485.2%19.3%
Other incomeRs m3764534765.1%26.7%
TurnoverRs m16,42318,65519,6245.2%19.5%
ExpensesRs m13,55415,00215,8195.4%16.7%
Gross profitRs m2,4923,2003,3294.0%33.6%
DepreciationRs m1801791842.6%1.8%
InterestRs m374535-21.8%-6.3%
Profit before taxRs m2,6503,4293,5864.6%35.3%
TaxRs m6738468773.7%30.2%
Profit after taxRs m1,9772,5832,7094.9%37.0%
Gross profit margin%15.517.617.4
Effective tax rate%25.424.724.5
Net profit margin%12.013.813.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 19.3% on a year-on-year (YoY) basis. The expenses were up by 16.7% YoY during the same period.
  • The company's operating profit increased by 33.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 2QFY19 as against 15.5% in 2QFY18.
  • Depreciation charges increased by 1.8% and finance costs declined by 6.3% YoY, respectively.
  • Other income increased by 26.7% YoY during the quarter.
  • Net profit for the quarter increased by 37.0% YoY. Net profit margins during the quarter increased from 12.0% in 2QFY18 to 13.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.4% QoQ during the same period.
  • The company's operating profit declined by 4.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 2QFY19 as against 17.6% in 1QFY18.
  • Net profit for the quarter increased by 4.9% QoQ, while net profit margins declined from 13.8% in 1QFY18 to 13.8% in 2QFY19.

To see how MPHASIS LTD has performed over the last eight quarters, please visit here.

MPHASIS LTD Share Price Performance

Over the last one year, MPHASIS LTD share price has moved up from Rs 651.2 to Rs 1,070.1, registering a Gain of Rs 418.9 or around 64.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,256.9 (down 2.9%). Over the last one year it has moved up from 10,360.4 to 14,256.9, a gain of 3,897 points (up 37.6%).

Overall, the S&P BSE SENSEX is up 5.0% over the year.

Current Valuations

At the current price of Rs 1,070.1, the price to earnings (P/E) ratio of MPHASIS LTD stands at 22.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.1 times.