Mphasis second quarter results announced: profit increased by 8.01% year-on-year

Mphasis second quarter results released in real time: Mphasis has announced its second quarter results on October 16, 2024, showing strong financial performance, with revenue increasing by 7.92% year-on-year and profit increasing by 8.01% year-on-year.

Compared with the previous quarter, revenue increased by 3.32% and profit increased by 4.65%. This indicates a steady improvement in the company’s financial health.

Selling, general and administrative (SG&A) expenses decreased 0.98% sequentially but increased 2.77% year-over-year, reflecting continued operating efficiency efforts.

Mphasis’ operating income increased by 5.99% month-on-month and 7.43% year-on-year, highlighting its strong operational management and revenue generation capabilities.

Second quarter earnings per share (EPS) was $22.18, a year-over-year increase of 7.57%, which may be a positive indicator of shareholder returns.

Mphasis has returned 0.42% over the past week, 26.14% over the past six months, and 6.26% year-to-date, demonstrating strong market performance.

Currently, Mphasis has a market capitalization of $Rs 55,073.63 Crore, 52-week High $3187.8 and lowest price $2069.1, indicating large fluctuations in valuation during the year.

The consensus among the 27 analysts covering Mphasis as of October 17, 2024 is that the outlook is mixed. While 2 analysts rate the stock a Strong Sell, 7 rate it a Sell, 7 rate it a Hold, and 7 rate it a Hold. It’s rated a Buy, with 4 analysts rating it a Strong Buy.

As of mid-October, the overall recommendation remained a Hold, suggesting that while Mphasis is showing promising growth, analysts are cautious about market conditions.