Mphasis Q3 results: Net profit jumps 15% to Rs 428 crore, revenue up 7%

Indian software services company Mphasis posted a bigger-than-expected rise in third-quarter profit on Thursday, aided by strong deal wins in its banking segment.

The company’s consolidated net profit grew nearly 15 per cent to Rs 428 crore ($49.54 million) for the quarter ended Dec. 31 compared with analysts’ expectations of Rs 426 crore, according to data compiled by LSEG.