Mphasis Q2 net profit up 37% at Rs 2.7 bn on good show in key verticals

The company said its new deal wins in the quarter stood at $210 million

Mid-tier IT services company Mphasis on Friday posted a 37 per cent rise in its net profit at Rs 2.7 billion in the September 2018 quarter, backed by strong growth in key verticals such as emerging industries and insurance. Net profit rose 4.9 per cent in on as sequential basis. 

In the quarter ended September 30, 2018, gross revenue of the Blackstone-owned company grew 24.5 per cent to Rs 19.48 billion on a year-on-year (YoY) basis, while on a sequential basis it increased 6.9 per cent. In constant currency terms, growth in revenue was 14.8 per cent YoY and 3 per