The announcement was made after market hours on Wednesday, 5 December 2012.
Meanwhile, the BSE Sensex was down 135.98 points, or 0.70%, to 19,255.88.
On BSE, 51,000 shares were traded in the counter as against an average daily volume of 14,760 shares in the past one quarter.
The stock hit a high of Rs 404 and a low of Rs 391 so far during the day. The stock had hit a 52-week high of Rs 439 on 29 February 2012. The stock had hit a 52-week low of Rs 295.05 on 29 December 2011.
The stock had underperformed the market over the past one month till 5 December 2012, falling 1.26% compared with the Sensex's 3.35% rise. The scrip had also underperformed the market in past one quarter, rising 1.76% as against Sensex's 12.01% rise.
The mid-cap IT company has an equity capital of Rs 210.14 crore. Face value per share is Rs 10.
On a consolidated basis, net profit fell 3.6% to Rs 792.32 crore on 5.1% increase in net sales to Rs 5357.33 crore in the year ended October 2012 over the year ended October 2011. Operating profits rose 5.7% to Rs 877 crore in the year ended October 2012 over the year ended October 2011.
MphasiS said its continued efforts towards cost rationalization resulted in incremental margin improvement in the last four consecutive quarters.
The company's direct business revenues grew by 38% to Rs 2391 crore in the year ended October 2012 from Rs 1733 crore of the year ended October 2011. The direct versus HP business mix stood at 46:54 in this financial year compared with 38:62 at the end of last year. The direct business saw a healthy addition of 65 new logos out of the 92 additions during the year.
The company's cash and cash equivalents increased by Rs 874 crore during the year to Rs 2940 crore or Rs 140 per equity share. The board has recommended a dividend to Rs 17 per share in the year ended October 2012 compared with Rs 6.50 per share in the year ended October 2011.
Our focus on driving operational excellence has resulted in incremental margin expansion in each quarter this year. MphasiS is committed to creating shareholder value, and the Board's approval of the increased dividend payout reflects our confidence that the successful execution of our strategic plan will continue to generate strong cash flows, enabling us to strike a balance between investing in the business and regularly returning cash to our shareholders. said Ganesh Ayyar, Chief Executive Officer, MphasiS.
MphasiS delivers technology based solutions to clients across the world. With currently over 36,000 employees, MphasiS services clients in banking and capital markets, insurance, manufacturing, communications, media & entertainment, healthcare & life sciences, transportation & logistics, retail & consumer packaged goods, energy & utilities and governments around the world. It offers integrated services in applications, infrastructure services and business process outsourcing.