Q4FY17 Results: Mphasis Ltd

Mphasis reported its results for the quarter ended March 31, 2017 on Friday.

The company's total sales for Q4FY17 came in at Rs 1505.9 crore, which represents 2 per cent sequential decline and 0.7 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 220 crore and its EBIT margin stood at 14.6 per cent.

The company reported PAT of Rs. 184.07 crore, which represents a sequential QoQ decline of 8.13 per cent and a YoY increase of 17.71 per cent.

The board of directors has recommended dividend of Rs 17 per equity share on face value of Rs 10

The stock opened at Rs 573 and closed at Rs 580.05, up by 1.23 per cent.

Mphasis Ltd is engaged in computer programming and related activities. The company is engaged in providing a suite of application development and maintenance services, infrastructure outsourcing services and business process outsourcing solutions to clients around the world.