New Delhi: IT company Mphasis on Friday reported consolidated net profit at Rs 271 crore for the quarter to September, a 37 per cent year on year rise.
The company had registered a net profit of Rs 197.6 crore in the year-ago period, it said in a statement.
Total income increased by 19.5 per cent to Rs 1,962.4 crore during the said quarter, from Rs 1,642.2 crore in the corresponding period of 2017-18.
"We are pleased with the health of our pipeline and continued strong execution across multiple sectors, especially in New Gen Services," Nitin Rakesh, CEO and Executive Director of Mphasis, said in a statement.
During July-September, the company won contracts worth Rs 1,485.96 crore, of which 77 per cent were for new generation services, according to the statement.
The stock was down by 4.27 per cent at Rs 1,075.15 on the BSE as benchmark Sensex plunged 1.21 per cent.