Wednesday, 8 August 2018

Mphasis falls 4% post June-quarter results

The stock dipped 4% to Rs 1,149 on the BSE after the IT Company reported in line with 8.7% QoQ growth in consolidated net profit at Rs 2.58 billion in June quarter. Mphasis was down 4% to Rs 1,149 on the BSE in early morning trade on Wednesday even after the IT Company reported in line with 8.7% quarter on quarter (QoQ) growth in consolidated net profit at Rs 2.58 billion in June quarter (Q1FY19). It had profit of Rs 2.38 billion in March quarter (Q4FY18).


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