Mphasis Q2 Results: Profit rises by 8% to Rs 423.33 crore, approves investment of $30 million in subsidiary

Mphasis Limited released its fiscal second quarter earnings with profit at Rs 423.33 crore, posting a growth of 8.0 per cent in comparison to Rs 391.95 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 3536.15 crore, up 7.9 per cent as against Rs 3276.50 crore recorded during the same period of previous financial year. The company said that its gross revenue grew by 5.4 per cent YoY in constant currency terms. Further, the operating margin was reported at 15.4 per cent.