MphasiS lost 1.55% to Rs 395 at 9:17 IST on BSE after consolidated net profit declined 9.12% to Rs 190.22 crore on 20.04% growth in total income to Rs 1616.18 crore in Q4 October 2013 over Q4 October 2012.
The Q4 result was announced after market hours on Thursday, 5 December 2013.
Meanwhile, the S&P BSE Sensex was down 10.38 points or 0.05% at 20,947.43.
On BSE, 7,074 shares were traded in the counter as against average daily volume of 11,000 shares in the past two weeks.
The stock hit a high of Rs 400 and a low of Rs 395 so far during the day.
On sequential basis, consolidated revenue rose 3.5% to Rs 1594 crore in Q4 October 2013. Operating profit on QoQ basis remained flat at Rs 244 crore in Q4 October 2013.
Direct Business revenue rose 7.7% to Rs 987 crore in Q4 October 2013 over Q3 July 2013.
Cash accretion from operations in Q4 October 2013 was Rs 207 crore.
MphasiS' consolidated net profit declined 6.12% to Rs 743.80 crore on 7.44% growth in total income to Rs 5936.78 crore in the year ended 31 October 2013 over the year ended 31 October 2012.
Direct Business revenue rose 38% to Rs 3299 crore in the year ended 31 October 2013 over the year ended 31 October 2012. Operating profit rose 1.6% to Rs 889 crore.
Cash generated from operations during the year was at Rs 756 crore. Cash and cash equivalents as on 31 October 2013 were at Rs 2488 crore.
Ganesh Ayyar, CEO, MphasiS said, "MphasiS Direct Business has more than doubled in the last three years. Our Direct Business in the mature markets has seen a growth of 63% in the last one year. Our named account strategy, niche portfolio and highly talented workforce are behind this transformational result. We will say focused with greater level of specialization, automation and innovation thereby generating greater value to customers".
MphasiS' board of directors at a meeting held on Thursday, 5 December 2013, recommended final dividend of Rs 17 per share for the year ended 31 October 2013.
MphasiS is a $1 billion global service provider, delivering technology based solutions to clients across the world.
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