MphasiS Q4FY16 consolidated net profit declines 11% qoq to Rs.154.75 crore : Estimates Mixed

India Infoline News Service | Mumbai | May 26, 2016 14:08 IST

The company’s consolidated revenue stood at Rs. 1,517.26 crore, up 0.03% qoq and 6.17% yoy.

MphasiS Ltd, Bangalore based IT services company, reported consolidated net profit of Rs.154.75 crore for the quarter ended March 31, 2016, registering decline of 10.88% qoq and 12.91% yoy. The company’s revenue stood at Rs. 1,517.26 crore, clocking growth of 0.03% qoq and 6.17% yoy.

It's consolidated operating profit of Rs. 233.50 crore for the quarter, grew 7.74% qoq and 15.83% yoy. Operating profit margin for the current quarter at 15.39% expanded by 110 bps qoq and 128 bps yoy.

For the year ended March 31, 2016, the company reported consolidated net profit of Rs. 669.37 crore, down by 0.78% yoy. It's consolidated revenue for the current period stood at Rs. 6,087.88 crore, registering growth of 5.06% yoy.

MphasiS Ltd's consolidated core operating profit for the current period stood at Rs. 896.30 crore, increasing by 3.01% yoy. Operating margin for the current period at 14.86% contracted by 15 bps yoy.

On standalone basis, the company reported net profit of Rs.78.65 crore for the quarter ended March 31, 2016, registering decline of 35.69% qoq and 39.2% yoy. It’s revenue stood at Rs. 698.29 crore, declining 4.66% qoq and 5.3% yoy.

MphasiS Ltd's operating profit of Rs. 109.18 crore for the quarter, declined 19.1% qoq and 15.05% yoy. Operating profit margin for the current quarter at 15.64% contracted by 279 bps qoq and 179 bps yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 458.36 crore, down by 17.12% yoy. It's standalone revenue for the current period stood at Rs. 2,926.66 crore, registering decline of 3.3% yoy.

MphasiS Ltd's core operating profit for the current period stood at Rs. 523.95 crore, declining by 13.9% yoy. Operating margin for the current period at 17.47% contracted by 264 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Consolidated Revenue 1517.26 1456 4.21
Consolidated Net Profit 154.75 165.88 [6.71]

Consolidated EPS for the quarter stood at Rs. 7.35.

Bloomberg estimated the company’s consolidated net profit at Rs. 181.96 crore.

Stock Commentary:

MphasiS Ltd is currently trading at Rs. 464, down by 11.3 points or 2.38% from its previous closing of Rs. 475.3 on the BSE.

The scrip opened at Rs. 480 and has touched a high and low of Rs. 480 and Rs. 461.3 respectively. So far 62853(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9990.39 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 534 on 29-Oct-2015 and a 52 week low of Rs. 362.5 on 03-Jun-2015. Last one week high and low of the scrip stood at Rs. 487 and Rs. 462.6 respectively.

The promoters holding in the company stood at 60.47 % while Institutions and Non-Institutions held 31.86 % and 7.5 % respectively.

The stock is currently trading above its 50 DMA.



***Note: This is a NSE Chart

 

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