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Mphasis BFL Q4 net at Rs 18.26 crore, dividend at Rs 3 per share

Written by: Staff
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Mumbai, April 12 (UNI) Mphasis BFL Ltd has posted a net profit of Rs 18.26 crore for the quarter ended March 31. (Q4 FY 05-06) as compared to Rs 21.32 crore for the quarter ended March 31 last year (Q4 FY 04-05).

Announcing the results, the company said its total income had increased from Rs 58.29 crore in Q4 FY 04-05 to Rs 103.93 crore for Q4 FY 05-06.

It has posted a net profit of Rs 76.22 crore for the year ended March 31 (FY 05-06) as compared to Rs 50.17 crore for the year ended March 31 last year (FY 04-05). Total Income has increased from Rs 253.39 crore in FY 04-05 to Rs 385.29 crore for FY 05-06.

As per the consolidated results, the group has posted a net profit of Rs 35.15 crore for the quarter ended March 31 (Q4 FY 05-06) as compared to Rs 30.96 crore for the quarter ended March 31 last year (Q4 FY 04-05). Total Income has increased from Rs 206.92 crore in Q4 FY 04-05 to Rs 251.63 crore for Q4 FY 05-06.

The group has posted a net profit of Rs 149.85 crore for the year ended March 31, (FY 05-06) as compared to Rs 124.61 crore for the year ended March 31, last year (FY 04-05). Total Income has increased from Rs 772.86 crore in FY 04-05 to Rs 947.75 crore for FY 05-06.

The Board of Directors (BoD) has recommended a final dividend of Rs 3.00 per share for the year 2005-06.

Commenting on the results company Chairman and CEO Mr Jerry Rao said ''We have completed a satisfactory year. Our IT business has shown excellent growth and profitability and has turned around remarkably in the past one year. Our BPO business has remained steady despite several challenges that we faced in the beginning of the year. The existence of these two separate businesses which can offset each other's performance has been one reason we have fared better than many competitors our size. Going forward, we are hopeful of getting them to perform positively in an integrated manner. We believe that we will then have substantially de-risked our financials.'' UNI SN KU AW1702

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