Sunday, May 4, 2008

Mphasis surges on decent quarterly earnings

Mphasis surged 4.15% to Rs 239.75 at 9:56 IST on BSE after posting 22.8% rise in net profit to Rs 56.90 crore on 46.7% growth in net sales to Rs 484.19 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 239.75 and a low of Rs 235 so far during the day. The stock had a 52-week high of Rs 339.80 on 4 May 2007 and a 52-week low of Rs 150.25 on 24 March 2008.

The company’s current equity is Rs 208.72 crore. Face value per share is Rs 10.

The current price of Rs 239.75 discounts its Q4 March 2008 annualised EPS of Rs 10.90, by a PE multiple of 21.99.

Mphasis’ net profit rose 67.84% to Rs 220.77 crore on 54.81% growth in total income to Rs 1693.46 crore in the year ended March 2008 (FY 2008) over the year ended March 2007 (FY 2007).

The company provides application services, business process outsourcing (BPO) services and infrastructure technology outsourcing (ITO) services.

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