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Dolat Capital Report
Mphasis Ltd.'s results were beat with revenue growth of 6% QoQ in constant currency terms (our estimate 3.5%).
Operating profit margin improved by 45 basis points to 16.1% (our estimate 15.7%) despite higher onshore revenues mix.
Profit after tax stood at Rs 2.99 billion inline (our estimate Rs 3.07 billion).
Added best ever new total contract value of about 360 million U.S. dollar in Q2 (includes a large deal of 200 million dollar plus) led by proactive deal wins; taking trailing twelve months TCV growth to 70% at 1 billion dollar.
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