Oct 18, 01:31 AM

Mphasis Reports Strong Q2 FY25 Results, Net Profit Rises 8%, Shares Surge 5.1%

Mphasis Ltd., a technology service and consulting firm, reported strong Q2 FY25 results, with revenue and net profit surpassing expectations. The company announced a net profit of Rs 423.3 crore, marking an 8% year-over-year increase from Rs 391.95 crore in Q2 FY24 and a 4.7% sequential rise. Net profit also rose 4.6% quarter-on-quarter. Mphasis saw its share price surge by up to 5.1% in response to the positive earnings report, hitting an intraday high of Rs 3,039.95 per share. Additionally, the company plans to invest €30 million in a new unit. The stock gained 4% following the announcement.

#Mphasis

Written with ChatGPT (GPT-4o).

Sources

Markets Today@marketsday
2 years ago
#MAZDOCK Mazagon Dock Shipbuilders spurts 7% to Rs 4535.85 as its board to mull interim dividend and stock split on Tuesday, 22 October 2024.
Business Standard@bsindia
2 years ago
#MarketsWithBS | #Bajaj group company #MaharashtraScooters shares climbed 8.2% on #BSE and logged an intraday high of Rs 11,989.6 per share on Friday. #markets #sharemarket #stockmarket #buzzingstocks https://t.co/ajdUuZBLZx
Business Standard@bsindia
2 years ago
#MarketsWithBS | Shares of shipbuilding company #mazagondock Shipbuilders soared up to 7.11% to hit an intraday high of Rs 4,542 per share on Friday, October 18, 2024. #markets #sharemarket #stockmarket #buzzingstocks https://t.co/KQL5tZBYYG

Mphasis Reports Strong Q2 FY25 Results, Net Profit Rises 8%, Shares Surge 5.1%

Sources

Additional media

Similar Stories