MUMBAI: Shares of IT services provider, Mphasis Ltd, gained over 6% after the firm reported a 32.7% year-on-year (YoY) rise in its consolidated net profit to ₹353.2 crore for the March quarter.
The company's net profit was at ₹266.1 crore in the year-ago period. At 12:30 pm, shares traded at ₹838.5, up 4.3% from its previous close, while the benchmark index, Sensex fell 0.6% to 30,948.29.
Mphasis has increased 30.4% from its March lows of ₹641.60, while the Sensex has advanced 8.5% in the same period. The company registered total contract value (TCV) wins worth $201 million in direct international business during the quarter, of which 79% was in the new-generation services. "The digital risk business could grow in FY21 along expected