MPHASIS Announces Quarterly Results (4QFY20); Net Profit Up 32.7%
Fri, 15 May

MPHASIS has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

MPHASIS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m20,25022,76723,4623.0%15.9%
Other incomeRs m33236252545.2%58.1%
TurnoverRs m20,58223,12923,9873.7%16.5%
ExpensesRs m16,84618,49819,0212.8%12.9%
Gross profitRs m3,4034,2694,4404.0%30.5%
DepreciationRs m2005766095.7%205.0%
InterestRs m591902078.6%249.1%
Profit before taxRs m3,4773,8654,1507.4%19.4%
TaxRs m815929618-33.5%-24.2%
Profit after taxRs m2,6612,9363,53220.3%32.7%
Gross profit margin%16.818.818.9
Effective tax rate%23.524.014.9
Net profit margin%12.912.714.7
* 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 15.9% on a year-on-year (YoY) basis. The expenses were up by 12.9% YoY during the same period.
  • The company's operating profit increased by 30.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.9% in 4QFY20 as against 16.8% in 4QFY19.
  • Depreciation charges increased by 205.0% and finance costs increased by 249.1% YoY, respectively.
  • Other income increased by 58.1% YoY during the quarter.
  • Net profit for the quarter increased by 32.7% YoY. Net profit margins during the quarter increased from 12.9% in 4QFY19 to 14.7% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.8% QoQ during the same period.
  • The company's operating profit increased by 4.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.9% in 4QFY20 as against 18.8% in 3QFY19.
  • Net profit for the quarter increased by 20.3% QoQ, while net profit margins increased from 12.7% in 3QFY19 to 14.7% in 4QFY20.

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

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MPHASIS Share Price Performance

Over the last one year,MPHASIS share price has moved down from Rs 958.6 to Rs 822.6, registering a Loss of Rs 136.1 or around 14.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,271.9 (down 1.0%). Over the last one year it has moved down from 15,347.1 to 13,271.9, a gain of 2,075 points (down 13.5%).

Overall, the S&P BSE SENSEX is down 17.0% over the year.

Current Valuations

At the current price of Rs 822.6, the price to earnings (P/E) ratio of MPHASIS stands at 14.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.