Mphasis reported better than expected numbers on all fronts for Q4FY18. The revenue in Rupee terms grew by 5% qoq to Rs1,744cr against consensus estimates of Rs1,703cr. EBITDA came in at Rs309cr, up 12.9% qoq against consensus estimates of Rs281cr. EBITDA margin at 17.7% was up 123bps qoq. Reported PAT came in at Rs238cr, up 10.6% qoq, against consensus estimate of Rs223cr.
Revenue grew by 4.0% qoq and 17.4% yoy in constant currency terms.
Direct Core revenue grew 2.1% qoq and 14.8% yoy in constant currency terms.
DXC/HP Revenue grew 8.3% qoq and 29.5% yoy in constant currency terms.
Growth was driven by Banking & Capital Market and Information Technology, Communication & Entertainment, up 4.1% qoq and 23.6% qoq.
Geographically, Americas grew by 3.5% qoq, while EMEA grew by 18.1% qoq.
Infrastructure Management Services grew by 21.2% qoq and Knowledge Processes grew by 13.2% qoq.
Utilizations for Application Services, ITO Services/IS and BPO services improved by 40bps qoq, 50bps qoq and 20bps qoq respectively.
Contribution of Fixed price projects grew by 10bps qoq to 26%.
MphasiS Ltd is currently trading at Rs. 997.70, up by 9.95 points or 1.01% from its previous closing of Rs. 987.75 on the BSE.
The scrip opened at Rs. 988 and has touched a high and low of Rs. 1,026 and Rs. 985.05 respectively. So far 5,98,552 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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