MphasiS Limited
10,783words
15turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
025294
million
2,754.16 million
4,922.55 million
60.00 million
100%
1,439.14 million
17.18 million
1,275.40 million
305.17 million
10,191.11 million
122.41 million
Guidance — 6 items
Subsequent Event
opening
“Quarter ended 31st December 2024 • Gross revenue grew 0.8% QoQ and 6.1% YoY in Q3 FY25 on a reported basis and grew 0.2% QoQ and 4.6% YoY in Constant Currency.”
Subsequent Event
opening
“• New TCV wins of USD 351 million in Q3 FY25 in Direct.”
Subsequent Event
opening
“• Net profit grew 1.1% QoQ and 14.5% YoY to ₹ 4,278 million in Q3 FY25.”
Subsequent Event
opening
“• EPS grew 1.0% QoQ and 14.1% YoY to ₹ 22.6 in Q3 FY25.”
Subsequent Event
opening
“Mphasis won five large deals in Q3 - FY25, including: • One of the largest wireless network operators in the US selected Mphasis to provide scalable and differentiated multi-year services across design, experience transformation, and quality engineering.”
For further information please contact
opening
“This document will be returned to Mphasis upon request.”
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Risks & concerns — 8 flagged
In preparing the consolidated financial results, the respective Management and the Board of Directors of the entities included in the Group are responsible for assessing the ability of each entity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so.
— Registered Office
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
— Registered Office
– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption.
— Registered Office
However, future events or conditions may cause the Group to cease to continue as a going concern.
— Registered Office
In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
— Registered Office
The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
— Registered Office
– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern.
— Registered Office
However, future events or conditions may cause the Company to cease to continue as a going concern.
— Registered Office
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Opening remarks
OCI for the period attributable to
Equity owners of the Company Non-controlling interests Total comprehensive income for the period attributable to: Equity owners of the Company Non-controlling interests 31 December 2024 35,613.38 627.51 36,240.89 Quarter ended 30 September 2024 35,361.46 587.50 35,948.96 Audited Nine months ended 31 December 2023 33,379.49 542.39 33,921.88 31 December 2024 105,199.46 1,950.46 107,149.92 31 December 2023 98,664.62 1,536.23 100,200.85 Year ended 31 March 2024 132,785.15 2,178.04 134,963.19 19,890.00 391.76 1,324.21 8,943.41 30,549.38 5,691.51 1,458.70 (45.26) 1,413.44 4,278.07 20,140.12 404.94 1,035.57 8,742.61 30,323.24 5,625.72 1,588.66 (196.26) 1,392.40 4,233.32 19,694.65 528.44 1,034.29 7,678.55 28,935.93 4,985.95 1,516.35 (266.41) 1,249.94 3,736.01 60,370.41 1,294.34 3,409.91 25,384.84 90,459.50 16,690.42 4,397.92 (263.97) 4,133.95 12,556.47 58,607.46 1,109.89 2,797.57 22,225.77 84,740.69 15,460.16 4,543.03 (698.89) 3,844.14 11,616.02 79,253.27 1,608.67 4,104.99 29,313.04 114,279.97
Notes
The financial results have been prepared on the basis of the audited condensed consolidated interim financial statements for the quarter ended 31 December 2024, which are prepared in accordance with the Indian Accounting standards (Ind AS) 34, Interim Financial Reporting specified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 23 January 2025. The statutory auditors have expressed an unmodified audit opinion on these results. 2 Audited Financial Results of Mphasis Limited (Standalone information). Particulars Revenue from operations Profit before tax Profit after tax 31 December 2024 23,498.56 5,140.32 3,764.27 Quarter ended 30 September 2024 31 December 2023 22,226.27 5,413.43 4,017.50 23,546.85 4,955.78 3,721.48 Nine months ended 31 December 2024 31 December 2023 68,376.94 15,89
Subsequent Event
On 9 January 2025, the Company through its wholly owned subsidiary, Mphasis Corporation entered into a framework agreement with tsQs Inc to acquire their software testing business focused on servicing an identified customer of the Group for a consideration of USD 27 million (including a contingent consideration of USD 15 million). As of the date of the Board approving the financial statements, the closing conditions have not been met and hence the acquisition has not been consummated. 875.42 million which is no longer payable has been reversed. Bengaluru 23 January 2025 By Order of the Board, Mphasis Limited Nitin Rakesh Chief Executive Officer & Managing Director Mphasis Limited Registered Office : Bagmane World Technology Center, Marathalli Outer Ring Road, Doddanakhundi Village, Mahadevapura, Bengaluru - 560 048. Telephone: 91 80 67501000, Fax: 91 80 6695 9943, Website: www.mphasis.com, E-mail: Investor.relations@mphasis.com CIN:L30007KA1992PLC025294 Amounts in ₹ million except shar
Notes
The financial results have been prepared in accordance with the Indian Accounting standards (Ind AS) 34, Interim Financial Reporting specified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules,2015, as amended from time to time. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 23 January 2025.The statutory auditors have expressed an unmodified audit opinion on these results. 2 3 The Board of Directors at their meeting held on 25 April 2024 had proposed a final dividend of July 2024 and has been paid during the previous quarter. 55 per equity share for the year ended 31 March 2024 which has been approved by shareholders at the Annual General Meeting held on 25 With effect from 1 April 2024, the Company has recognised income tax expenses applying the provisions under section 115BAA of the Income-tax Act, 1961. Bengaluru 23 January 2025 By Order of the Board, Mphasis Lim
Statement
a. b. c. includes the results of the entities listed in Annexure I; is presented in accordance with the requirements of Regulation 33 of the Listing Regulations as amended; and gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net profit and other comprehensive loss) and other financial information of the Group for the quarter ended 31 December 2024 and the year to date results for the period from 1 April 2024 to 31 December 2024. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by
Registered Office
14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 B S R & Co. LLP Independent Auditor’s Report (Continued) Mphasis Limited irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company, as aforesaid. In preparing the consolidated financial results, the respective Management and the Board of Directors of t
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