Mphasis Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 33501.62 Crore) operating in IT Software sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 2556.88 Crore, up 1.83 % from last quarter Total Income of Rs 2510.95 Crore and up 6.60 % from last year same quarter Total Income of Rs 2398.67 Crore. Company reported net profit after tax of Rs 316.94 Crore in latest quarter.
Investment Rationale
The brokerage has kept estimates unchanged. Despite the DXC overhang, with strong Digital capabilities and client relationships, MPHL is well-positioned to be a key beneficiary in the current context.
Promoter/FII Holdings
Promoters held 56 per cent stake in the company as of March 31, 2021, while FIIs held 21.8 per cent, DIIs 17.2 per cent and public and other 5 per cent.
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