Mphasis Share Price Rises 2%; Q2 FY25 Net Profit Surge to ₹4,233.32 Million

Mphasis Limited announced its financial results for the quarter ended September 30, 2024 (Q2 FY25). 

In the quarter ended September 30, 2024, the company reported a rise in net profit of ₹4,233.32 million, up from ₹4,045.08 million in Q1 FY25 and ₹3,919.49 million in Q2 FY 2024. Total income for Q2 FY25 grew to ₹35,948.96 million, compared to ₹34,960.07 million in the previous quarter in FY 2025 and ₹33,255.40 million in the quarter ended September 30, 2023. 

One of the key highlights of the quarter was the total contract value (TCV) of $207 million. This includes three large deals secured during the period, reflecting the company’s growing ability to capture market share across its various business segments. The TCV wins were broad-based across verticals, strategic customers, and the client pyramid, according to Mphasis’s investor presentation. The company noted that the pace of revenue conversion from these deals has picked up, which is expected to drive further growth in the coming quarters.

On Thursday, October 17, 2024, Mphasis share price opened at ₹3,006.30, rising from its previous close of ₹2,911.35. By 10:12 AM, the stock was trading at ₹2,970.00, up by 2.01%. As of the same time, the share price touched its day’s high of ₹3,039.00. Notably, Mphasis recently hit its 52-week high of ₹3,187.80 on September 17, 2024.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.