MphasiS sees rise in net profit in Q3

Banglaore, Feb 27: MphasiS Group"s revenue increased by 58.1 per cent to Rs 977.7 crore from Rs 618.3 crore for the third quarter ended 31, Jan 2009. Net profit increased by 270.4 per cent from Rs 56.7 crore to Rs 210 crore. Earnings Per Share (EPS) increased to Rs 10.05 from Rs 2.72 over the same period last year, recording a growth of 269.5 per cent.

"The company has produced good results after careful planning in the last few quarters, keeping costs down and aggressively seeking business across all sales channels," said Ganesh Ayyar, CEO MphasiS.

During the quarter ended 31 Jan 2009, the group added 9 new clients including 6 relationships through HP. The group added headcount by 1,193 net, during the quarter of which 574 were freshers recruited from campus. The group"s headcount stood at 29,988 as at 31 Jan 2009.

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