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Mphasis slips after posting poor Q1 nos-news03022012


Mphasis declined by 9% and touched the weekly low of Rs392.20 on the BSE, after the company posted unhealthy Q1 results.

Mphasis has announced the following audited results for the quarter ended January 31, 2012:

Standalone Results:

    The net profit of the company fell by 29.41% to Rs147.61 crore for the quarter ended January 31, 2012 as compared to Rs209.11 crore for the quarter ended January 31, 2011.
    The total income increased by 7.22% to Rs893.45 crore for the quarter ended January 31, 2012 from Rs833.28 crore for the quarter ended January 31, 2011.


Consolidated Results:

    The net profit of the group declined by 18.45% to Rs184.84 crore for the quarter ended January 31, 2012 as compared to Rs226.67 crore for the quarter ended January 31, 2011.

    The total income advanced by 11.83% to Rs1395.96 crore for the quarter ended January 31, 2012 from Rs1248.33 crore for the quarter ended January 31, 2011.

At 10.23 am, Mphasis was trading at Rs403.25, down by 6.41%, with a volume of 1.49 lakh shares on the BSE.


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