Mphasis Ltd share Price Today

IT Consulting & Software company MphasiS announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Gross Revenue grew 1.9% QoQ and grew 0.8% YoY on reported basis to Rs 34,150 million in Q4 FY24 and grew 2.1% QoQ and declined 0.4% YoY in Constant Currency
• Direct revenue grew 1.9% QoQ and grew 1.6% YoY on a reported basis to Rs 32,571 million in Q4 FY24 and grew 2.0% QoQ and grew 0.4% YoY in Constant Currency
• New TCV wins of USD 177 million in Q4 FY24 in Direct; of which 77% in new-gen services.
• Net profit margin at 11.5% at Rs 3,932 million in Q4 FY24
• EPS grew 5.1% QoQ and declined 3.3% YoY to Rs 20.8 in Q4 FY24.

FY24 Financial Highlights:

• FY 2024 revenue declined 3.7% YoY on reported basis and 6.5% in Constant Currency to Rs 133.3 billion
• Direct revenue declined 2.3% YoY on reported basis and 5.2% in Constant Currency to Rs 126.9 billion
• New TCV wins USD 1.38 billion in FY 2024 in Direct
• Net profit margin at 11.7% at Rs 15,548 million in FY 2024
• EPS declined 5.3% to Rs 82.4 in FY 2024
• Mphasis Board of Directors recommended a dividend of Rs 55 per share for FY24, compared to Rs. 50 per share in FY 2023, subject to shareholder approval.

Nitin Rakesh, Chief Executive Officer, and Managing Director, Mphasis said, “We are experiencing strong growth momentum in Artificial Intelligence (AI) powered deal archetypes, as we look to capture the enterprise demand for AI adoption. Our ability to orchestrate the ecosystem by bringing technology and people together to solve for customer needs strongly positions us for growth in FY 2025, while we continue to work around the uncertainties in the overall economic environment.”

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