coverage report mphasis net profit and eps grew ~29% yoy ......coverage report mphasis net profit...

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Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline One on One interaction - Nitin Rakesh, CEO, Mphasis January 25, 2019 Business Standard Mumbai, Bangalore, Kolkata Blackstone portfolio giving us strong growth avenues, says Mphasis CEO January 29, 2019 The Economic Times Chennai, Delhi Mphasis eyes double-digit revenue from Blackstone January 29, 2019 ET CIO Online Mphasis eyes double-digit revenue from Blackstone Date Publication Edition Headline Print January 25, 2019 The Economic Times Mumbai, Delhi Mphasis Consolidated Profit Up 29% in Dec Quarter January 25, 2019 Business Standard Hyderabad, Chennai, Bangalore , Delhi Mphasis net profit up 29.3% to ₹278 cr in December Quarter January 25, 2019 The Financial Express Bangalore, Delhi, Mumbai, Kolkata Mphasis net profit up 29.3% to ₹278 cr January 25, 2019 Financial Chronicle Chennai, Delhi, Bangalore Mphasis net profit up 29% to ₹278 cr in Dec Quarter January 25, 2019 Deccan Herald Bangalore Mphasis net profit up 29.3% to Rs 278 cr in Dec quarter January 25, 2019 The Economic Times(Hindi) Delhi Mphasis Consolidated Profit Up 29% in Dec Quarter January 25, 2019 The Economic Times (Gujarati ) Gujarat Mphasis Consolidated Profit Up 29% in Dec Quarter January 25, 2019 Eenadu Telangana October- December quarterly profits January 28, 2019 Gujarat Samachar Gujarat Mphasis Q3 results Broadcast Coverage Date Channel Headline January 25, 2019 ET Now Earnings Mr. Nitin Rakesh & V Suryanarayanan - MphasiS - Q3 Earnings

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Page 1: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Coverage Report

Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019

January 24, 2019

Date Publication Edition Headline

One on One interaction - Nitin Rakesh, CEO, Mphasis

January 25, 2019 Business Standard Mumbai, Bangalore, Kolkata

Blackstone portfolio giving us strong growth avenues, says Mphasis CEO

January 29, 2019 The Economic Times Chennai, Delhi Mphasis eyes double-digit revenue from Blackstone

January 29, 2019 ET CIO Online Mphasis eyes double-digit revenue from Blackstone

Date Publication Edition Headline

Print

January 25, 2019 The Economic Times Mumbai, Delhi Mphasis Consolidated Profit Up 29% in Dec Quarter

January 25, 2019 Business Standard Hyderabad, Chennai, Bangalore , Delhi

Mphasis net profit up 29.3% to ₹278 cr in December Quarter

January 25, 2019 The Financial Express Bangalore, Delhi, Mumbai, Kolkata

Mphasis net profit up 29.3% to ₹278 cr

January 25, 2019 Financial Chronicle Chennai, Delhi, Bangalore

Mphasis net profit up 29% to ₹278 cr in Dec Quarter

January 25, 2019 Deccan Herald Bangalore Mphasis net profit up 29.3% to Rs 278 cr in Dec quarter

January 25, 2019 The Economic Times(Hindi)

Delhi Mphasis Consolidated Profit Up 29% in Dec Quarter

January 25, 2019 The Economic Times (Gujarati )

Gujarat Mphasis Consolidated Profit Up 29% in Dec Quarter

January 25, 2019 Eenadu Telangana October- December quarterly profits

January 28, 2019 Gujarat Samachar Gujarat Mphasis Q3 results

Broadcast Coverage

Date Channel Headline

January 25, 2019 ET Now Earnings Mr. Nitin Rakesh & V Suryanarayanan - MphasiS -

Q3 Earnings

Page 2: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

January 24, 2019 ET Now Scroll Mphasis Q3 Earnings

January 25, 2019 CNBC TV 18 Bazaar Open Exchange Mphasis Q3

January 24, 2019 CNBC TV18 Scroll Mphasis Q3 Earnings

January 25, 2019 BTVI Earnings EDGE Mr. Nitin Rakesh - CEO, MphasiS - Q3 Earnings

January 24, 2019 BTVI Scroll Mphasis Q3 Earnings

January 24, 2019 Zee Business Scroll Mphasis Q3 Earnings

January 25, 2019 Bloomberg Quint All You Need To Know

Mphasis Q3 Earnings

January 24, 2019 CNBC Awaaz Scroll Mphasis Q3 Earnings

January 24, 2019 CNBC Bajar Scroll Mphasis Q3 Earnings

Online

Date Publication/ Portal Headline

January 24, 2019 The Economic Times Mphasis profit up 29% at Rs 278 cr in Dec quarter

January 24, 2019 Business Standard Mphasis net profit rises 29.3% to Rs 278 crore in December quarter

January 28, 2019 Business Standard Blackstone portfolio giving us strong growth avenues, says Mphasis CEO

January 24, 2019 Moneycontrol Mphasis net profit up 29.3% to Rs 278 cr in December quarter

January 24, 2019 Moneycontrol MphasiS Standalone December 2018 Net Sales at Rs 862.30 crore, up 4.16% Y-o-Y

January 25, 2019 DataQuest Mphasis Net Profit and EPS Grew Nearly 29% YoY in Q3 FY2019

January 25, 2019 CNBC TV 18 Mphasis on track to meet 15-17% EBIT target for FY19

January 24, 2019 Bloomberg Quint Mphasis Says It’s Confident Of Achieving Margin Forecast For This Year

January 24, 2019 IIFL MphasiS Ltd's Q3FY19 consolidated net profit rises 2.6% qoq to Rs278cr : Beats Estimates

January 24, 2019 Outlook Mphasis net profit up 29.3% to Rs 278 cr in Dec quarter

January 25, 2019 Telecom Mirror Mphasis net profit rises 29.3% to Rs 278 crore in December quarter

January 24, 2019 India Finance News Mphasis profit up 29% at Rs 278 cr in Dec quarter

January 24, 2019 Smart Investor Mphasis net profit rises 29.3% to Rs 278 crore in December quarter

January 25, 2019 Indian Commodity Mphasis reports 29% rise in Q3 consolidated net profit

January 24, 2019 Equity Bulls Mphasis Ltd Q3 consolidated PAT climbs to Rs. 277.97 crores

January 25, 2019 Citrus Interactive Mphasis reports 29% rise in Q3 consolidated net profit

January 24, 2019 Devdiscourse Mphasis posts over 29 pct increase in net profit to Rs 278 cr in Q3

Page 3: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

One on One Interaction

The Economic Times

Page 4: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Business Standard

Page 5: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

ET CIO

Mphasis eyes double-digit revenue from Blackstone

BENGALURU: Mphasis is eyeing double-digit revenue contribution from companies in the portfolio of Blackstone, American private equity firm that owns majority stake in the software services firm, up from around 5% at present, said its chief executive Nitin Rakesh.

The firm is working with 10 of Blackstone’s 95 portfolio firms and there is enough opportunity for expansion, he said. Blackstone’s portfolio firms spend over $1 billion a year on technology services and Mphasis has been trying to tap into more businesses backed by Blackstone to add a steady revenue stream to its core business. “We have added 10 clients in the Blackstone portfolio in the last 18 months, five of them in FY19 and three of them in FY19 third quarter. Almost 5% of revenue coming from Blackstone as of FY19 clearly demonstrates there is a real opportunity,” said Rakesh. “I would not be surprised if we can potentially get our revenue contribution from Blackstone to be double-digit.”

Mphasis currently gets more than a fourth of its revenue through DXC, a unit that was formed with the merger of CSC and enterprise business of Hewlett Packard Enterprise. Analysts said Mphasis’ business from Blackstone portfolio has the potential to grow faster than its core direct business.

“On the direct core, it was historically growing very well and what is added is Blackstone portfolio synergies. They have got 10 logos. A lot of these clients are in North America and therefore the opportunity is there. It is complementary and can grow faster than direct core business,” said Apurva Prasad, IT analyst, HDFC Securities.

Page 6: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Print

The Economic Times

Page 7: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

The Financial Express

Page 8: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Business Standard

Page 9: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Financial Chronicle

Page 10: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Deccan Herald

Page 11: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

The Economic Times (Hindi)

Page 12: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

The Economic Times (Gujarati)

Page 13: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Eenadu

Page 14: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Gujarat Samachar

Page 15: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Broadcast

ET Now Earnings

Page 16: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

ET Now Scroll

Page 17: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

CNBC TV 18

Page 18: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

CNBC TV18 Scroll

Page 19: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

BTVi Earnings EDGE

Page 20: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

BTVi Scroll

Page 21: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Zee Business Scroll

Page 22: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Bloomberg Quint All You Need To Know

Page 23: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

CNBC Awaaz Scroll

Page 24: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

CNBC Bajaar Scroll

Page 25: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Online

The Economic Times Mphasis profit up 29% at Rs 278 cr in Dec quarter IT company MphasisNSE -0.63 % Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the December 2018 quarter. The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement. Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in the October-December 2017 period. The company said it saw new deal wins of USD 122 million in direct international business, of which 81 per cent are in new-generation services. "Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said. He further said: "We continue to stay focused on execution of our deal pipeline and supporting the growth momentum."

Page 26: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Business Standard

Mphasis net profit rises 29.3% to Rs 278 crore in December quarter

IT company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the

December 2018 quarter.

The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement.

Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in

the October-December 2017 period.

The company said it saw new deal wins of $122 million in direct international business, of which 81 per cent are in

new-generation services.

"Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple

client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road

map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said.

He further said: "We continue to stay focused on execution of our deal pipeline and supporting the growth

momentum.

Page 27: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Business Standard

Blackstone portfolio giving us strong growth avenues, says Mphasis CEO

As Nitin Rakesh, chief executive officer of IT services company Mphasis, is completing two years in the Blackstone-owned firm, he has set a clear roadmap to derisk the company's balance sheet with focus on new engines of growth. In a conversation with Debasis Mohapatra & Bibhu Ranjan Mishra, he says the Bengaluru-based firm is diversifying to newer verticals such as health care, transportation and logistics apart from expanding its presence in Europe.

Page 28: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Moneycontrol

Mphasis net profit up 29.3% to Rs 278 cr in December quarter

IT company Mphasis on Thursday posted a 29.3 percent rise in consolidated net profit to Rs 277.9 crore for the

December 2018 quarter. The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a

statement.

Mphasis' revenue from operations grew 18.6 percent to Rs 1,970.9 percent in the quarter from Rs 1,660.6 crore in

the October-December 2017 period.

The company said it saw new deal wins of USD 122 million in direct international business, of which 81 percent are

in new-generation services.

"Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple

client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road

map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said.

Page 29: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Moneycontrol

Mphasis Standalone December 2018 Net Sales at Rs 862.30 crore, up 4.16% Y-o-Y

Net Sales at Rs 862.30 crore in December 2018 up 4.16% from Rs. 827.87 crore in December 2017.

Quarterly Net Profit at Rs. 219.05 crore in December 2018 up 19.53% from Rs. 183.26 crore in December 2017.

EBITDA stands at Rs. 268.55 crore in December 2018 up 9.99% from Rs. 244.15 crore in December 2017.

Mphasis EPS has increased to Rs. 11.34 in December 2018 from Rs. 9.49 in December 2017.

Mphasis shares closed at 897.95 on January 23, 2019 (NSE) and has given -23.33% returns over the last 6 months

and 11.89% over the last 12 months.

MphasiS

Standalone Quarterly Results in Rs. Cr.

Dec'18 Sep'18 Dec'17

Net Sales/Income from operations 862.30 852.42 827.87

Other Operating Income -- -- --

Total Income From Operations 862.30 852.42 827.87

EXPENDITURE

Consumption of Raw Materials -- -- --

Purchase of Traded Goods -- -- --

Increase/Decrease in Stocks -- -- --

Power & Fuel -- -- --

Employees Cost 361.01 353.27 342.70

Depreciation 9.92 9.33 8.00

Excise Duty -- -- --

Admin. And Selling Expenses -- -- --

R & D Expenses -- -- --

Provisions And Contingencies -- -- --

Exp. Capitalised -- -- --

Other Expenses 268.32 275.53 263.99

P/L Before Other Inc. , Int., Excpt. Items & Tax 223.05 214.30 213.17

Other Income 35.58 33.19 22.97

P/L Before Int., Excpt. Items & Tax 258.63 247.48 236.15

Interest 0.96 0.79 0.86

P/L Before Exceptional Items & Tax 257.67 246.69 235.29

Exceptional Items -- -- --

P/L Before Tax 257.67 246.69 235.29

Page 30: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Tax 38.62 57.76 52.03

P/L After Tax from Ordinary Activities 219.05 188.94 183.26

Prior Year Adjustments -- -- --

Extra Ordinary Items -- -- --

Net Profit/(Loss) For the Period 219.05 188.94 183.26

Equity Share Capital 186.10 193.42 193.20

Reserves Excluding Revaluation Reserves 2,818.97 3,403.17 3,526.75

Equity Dividend Rate (%) -- -- --

EPS Before Extra Ordinary

Basic EPS 11.34 9.77 9.49

Diluted EPS 11.23 9.66 9.45

EPS After Extra Ordinary

Basic EPS 11.34 -- 9.49

Diluted EPS 11.23 9.66 9.45

Public Share Holding

No Of Shares (Crores) -- -- --

Share Holding (%) -- -- --

Promoters and Promoter Group Shareholding

a) Pledged/Encumbered

- Number of shares (Crores) -- -- --

- Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- --

- Per. of shares (as a % of the total Share Cap. of the company) -- -- --

b) Non-encumbered

- Number of shares (Crores) -- -- --

- Per. of shares (as a % of the total sh. of prom. and promoter group) -- -- --

- Per. of shares (as a % of the total Share Cap. of the company) -- -- --

Source : Dion Global Solutions Limited

Page 31: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

DataQuest

Mphasis Net Profit and EPS Grew Nearly 29% YoY in Q3 FY2019

Mphasis also announced new deal wins of USD 122 million in Direct International business; of which 81% are in New-Gen Services Mphasis Limited, an Information Technology (IT) solutions provider specializing in cloud and cognitive services,today announced its financial results for the quarter ended 31st December 2018.

Highlights of performance for the Quarter ended 31st December 2018

▪ Gross Revenue grew 2.8% QoQ and 23.5% YoY on a reported basis; On constant currency basis, growth was 3.1% QoQ and 14.0% YoY

▪ Direct core revenue grew 5.9% QoQ and 27.6% YoY on a reported basis; On constant currency basis, growth was 6.0% QoQ and 16.9% YoY

▪ DXC/HP revenue grew 5.6% QoQ and 37.9% YoY on a reported basis; On constant currency basis, growth was 6.4% QoQ and 28.3% YoY

▪ New deal wins of USD 122 million in Direct International business; of which 81% are in New-Gen Services ▪ Deal wins in the Direct International business stands at (YTD) USD 484 million as compared to USD 435

million in YTD FY18, higher by 11% YoY ▪ Net Profit grew 2.6% QoQ and 29.3% YoY to INR 2,780 million ▪ EPS grew 2.8% QoQ and 29.4% YoY to INR 14.4 ▪ Completed buy-back of 7.3 million shares with a total outlay of INR 9,937 million ▪ Completed acquisition of Stelligent Systems LLC. which specializes in DevOps automation in AWS

“Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution roadmap across the portfolio, especially in New Gen Services. We continue to stay focused on execution of our deal pipeline and supporting the growth momentum,” said Nitin Rakesh, Chief Executive Officer and Executive Director, Mphasis.

Page 32: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

CNBC TV 18

Mphasis on track to meet 15-17% EBIT target for FY19

IT company, Mphasis, on Friday said the company is in-line to achieve earnings before interest and taxes (EBIT)

margin guidance of 15-17 percent for FY19.

The company posted a 29.3 percent rise in consolidated net profit to Rs 277.9 crore for the December 2018

quarter. Mphasis net profit stood at Rs 214.9 crore in the year-ago period.

In an interview to CNBC-TV18, Nitin Rakesh, chief executive officer, said, "2018 was a tailwinded year, but it's yet

too early to say if the macro environment has changed for 2019. However, clients seem more cautious given the

volatility in the market"

According to Rakesh, "So far the company has not seen any impact in client sentiment or spend budgets. I think the

budgets will be stable with slightly upward bias given the tailwind of increased investment intact."

V Suryanarayanan, chief financial officer, said, "Considering the focus on operating levers in the last six quarters, we

are confident of being within that band or better for FY20."

Page 33: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Bloomberg Quint

Mphasis Says It’s Confident Of Achieving Margin Forecast For This Year

Mphasis Ltd. said it’s confident of achieving its margin forecast of 15-17 percent for the ongoing financial year. “The

company’s margin contracted in the quarter ended December due to salary hike and an acquisition during the

period,” Chief Financial Officer V Suryanarayanan told BloombergQuint in an interaction. “We are confident that

the margin will come back on track in the March quarter”. The BPO operator is working towards improving its

operational efficiency that will boost margin, he told BloombergQuint in an interaction. Key Earnings Highlights (Q3,

QoQ) Revenue up 3 percent at Rs 1,971 crore. Net profit up 2.6 percent at Rs 278 crore. EBIT down 1 percent at Rs

311 crore. EBIT margin stood at 15.8 percent versus 16.4 percent.

Page 34: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

IIFL

Mphasis Ltd's Q3FY19 consolidated net profit rises 2.6% qoq to Rs278cr : Beats Estimates

MphasiS Ltd Q3FY19

Consolidated Results Q3FY19: (Rs in cr)

Q3FY19 QoQ (%)

Revenue 1,971 2.9

EBITDA 311 [1.1]

EBITDA Margin (%) 15.8 [64]

Net Profit (adjusted) 278 2.6

***EBITDA margin change is bps

Mphasis reported a good set of numbers for Q3FY19. The revenue in Rupee terms grew by 2.9% qoq to Rs1,971cr

against median consensus estimates of Rs1,998cr. Revenue in dollar terms grew by 2.6% qoq to USD282.7mn. EBIT

came in at Rs311cr, down 1.1% qoq against median consensus estimates of Rs312cr. EBIT margin at 15.8%

contracted by 64bps qoq. Reported PAT came in at Rs278cr, up 2.6% qoq, higher than median consensus estimate

of Rs261cr.

Revenue grew by 3.2% qoq in constant currency (cc) terms.

The revenue growth was driven by a growth in the HP/DXC business and Direct Core business.

The DXC/HP Business grew by 6.4% qoq cc. The DXC business contributed 25.6% of the overall gross revenue in

Q3FY19 (DXC/HP Business contributed 29%).

Direct International revenue grew by 2% qoq cc despite headwinds in Digital Risk business. Direct Core revenue,

which is 84% of Direct International revenue, grew by 6% qoq cc.

New-Gen Services revenue grew by 50.8% yoy to 46.4% of Direct Core revenue. TCV of deals won was USD112mn

with 81% of the deal wins in NewGen Services.

Gross margins were down 20bps qoq impacted by wage hikes and seasonal client shutdown. G&A expenses

normalized on qoq basis post savings in Q2FY19, up 35bps qoq. The PAT was aided by higher foreign exchange

gains on qoq basis (Rs8cr vs. Rs3cr).

Page 35: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Amongst verticals, growth was led by Insurance (+7.7% qoq) and Emerging

Industries (+9.3% qoq). Banking and Capital Markets declined by 1.6% qoq, while Information Technology,

Communication and Entertainment was up 1.6% qoq.

Geographically, EMEA led growth (+7% qoq), Americas was flat (+0.5% qoq). India was down 1.7% qoq while RoW

was up 54.8% qoq on a lower base.

Top client grew by 2.6% qoq, while Top 5 clients grew by 9.7% qoq suggesting that top 2-5 clients grew at a faster

clip of ~13% qoq. On the contrary, the growth in Top 10 clients (+4.3% qoq) suggest that top 6-10 clients declined

by ~10% qoq.

Technical View:

Mphasis Ltd is currently trading at Rs. 920.40, up by 21.2 points or 2.36% from its previous closing of Rs. 899.20 on

the BSE.

The scrip opened at Rs. 890.05 and has touched a high and low of Rs. 922.75 and Rs. 890.05 respectively. So far

5,59,011 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

Page 36: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Outlook

Mphasis net profit up 29.3% to Rs 278 cr in Dec quarter

IT company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the

December 2018 quarter.

The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement.

Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in

the October-December 2017 period.

The company said it saw new deal wins of USD 122 million in direct international business, of which 81 per cent are

in new-generation services.

"Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple

client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road

map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said.

He further said: "We continue to stay focused on execution of our deal pipeline and supporting the growth

momentum."

Page 37: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Telecom Mirror

Mphasis net profit rises 29.3% to Rs 278 crore in December quarter IT company Mphasis on Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the December 2018 quarter. The company’s net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement. Mphasis’ revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in the October-December 2017 period. The company said it saw new deal wins of $122 million in direct international business, of which 81 per cent are in new-generation services. “Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road map across the portfolio, especially in New Gen Services,” Mphasis CEO and Executive Director Nitin Rakesh said. He further said: “We continue to stay focused on execution of our deal pipeline and supporting the growth momentum.

Page 38: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

India Finance News

Mphasis profit up 29% at Rs 278 cr in Dec quarter

IT company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the

December 2018 quarter.

The company’s net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement.

The company said it saw new deal wins of USD 122 million in direct international business, of which 81 per cent are in new-generation services.

“Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road map across the portfolio, especially in New Gen Services,” Mphasis CEO and Executive Director Nitin Rakesh said.

He further said: “We continue to stay focused on execution of our deal pipeline and supporting the growth

momentum.”

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Smart Investor

Mphasis net profit rises 29.3% to Rs 278 crore in December quarter IT Company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the December 2018 quarter. The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement. Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in the October-December 2017 period. The company said it saw new deal wins of $122 million in direct international business, of which 81 per cent are in new-generation services. "Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple client wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said. He further said: "We continue to stay focused on execution of our deal pipeline and supporting the growth momentum.

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Indian Commodity Mphasis reports 29% rise in Q3 consolidated net profit

Mphasis has reported results for third quarter ended December 31, 2018. The company has reported a rise of 19.53% in its net profit at Rs 219.05 crore for the quarter under review as compared to Rs 183.26 crore for the same quarter in the previous year. Total income of the company increased by 5.53% at Rs 897.87 crore for Q3FY19 as compared Rs 850.84 crore for the corresponding quarter previous year. On the consolidated basis, the company has reported a rise of 29.32% in its net profit at Rs 277.97 crore for the quarter under review as compared to Rs 214.94 crore for the same quarter in the previous year. Total income of the company increased by 19.19% at Rs 2,021.59 crore for Q3FY19 as compared Rs 1,696.05 crore for the corresponding quarter previous year.

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Equity Bulls Mphasis Ltd Q3 consolidated PAT climbs to Rs. 277.97 crores The company has reported net sales of Rs.2021.59 crores during the period ended December 31, 2018 as compared

to Rs.1962.43 crores during the period ended September 30, 2018.

The company has posted net profit of Rs.277.97 crores for the period ended December 31, 2018 as against

Rs.270.92 crores for the period ended September 30, 2018.

The company has reported EPS of Rs.14.26 for the period ended December 31, 2018 as compared to Rs.13.85 for

the period ended September 30, 2018.

Financials Q3 FY18-19 Q2 FY18-19 % Change

Total Income ₹ 2021.59 crs ₹ 1962.43 crs Up Tick 3.01%

Net Profit ₹ 277.97 crs ₹ 270.92 crs Up Tick 2.6%

EPS ₹ 14.26 ₹ 13.85 Up Tick 2.96%

Financial Results (Q3FY18-19) - YoY Comparison

The company has reported net sales of Rs.2021.59 crores during the period ended December 31, 2018 as compared

to Rs.1696.05 crores during the period ended December 31, 2017.

The company has posted net profit of Rs.277.97 crores for the period ended December 31, 2018 as against

Rs.214.94 crores for the period ended December 31, 2017.

The company has reported EPS of Rs.14.26 for the period ended December 31, 2018 as compared to Rs.11.08 for

the period ended December 31, 2017.

Financials Q3 FY18-19 Q3 FY17-18 % Change

Total Income ₹ 2021.59 crs ₹ 1696.05 crs Up Tick 19.19%

Net Profit ₹ 277.97 crs ₹ 214.94 crs Up Tick 29.32%

EPS ₹ 14.26 ₹ 11.08 Up Tick 28.7%

Financial Results (9 months FY18-19) - YoY Comparison

The company has reported net sales of Rs.5849.51 crores during the 9 months period ended December 31, 2018 as

compared to Rs.4921.18 crores during the 9 months period ended December 31, 2017.

The company has posted net profit of Rs.807.20 crores for the 9 months period ended December 31, 2018 as

against Rs.599.82 crores for the 9 months period ended December 31, 2017.

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The company has reported EPS of Rs.41.33 for the 9 months period ended December 31, 2018 as compared to

Rs.30.33 for the 9 months period ended December 31, 2017.

Financials 9 months FY18-19 9 months FY17-18 % Change

Total Income ₹ 5849.51 crs ₹ 4921.18 crs Up Tick 18.86%

Net Profit ₹ 807.20 crs ₹ 599.82 crs Up Tick 34.57%

EPS ₹ 41.33 ₹30.33 Up Tick 36.27%

Shares of MPHASIS LTD. was last trading in BSE at Rs.920.4 as compared to the previous close of Rs. 899.2. The total

number of shares traded during the day was 36043 in over 2092 trades.

The stock hit an intraday high of Rs. 922.75 and intraday low of 890.05. The net turnover during the day was Rs.

33041551.

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Devdiscourse

Mphasis posts over 29 pct increase in net profit to Rs 278 cr in Q3

IT company Mphasis Thursday posted a 29.3 per cent rise in consolidated net profit to Rs 277.9 crore for the December 2018 quarter. The company's net profit stood at Rs 214.9 crore in the year-ago period, Mphasis said in a statement. Mphasis' revenue from operations grew 18.6 per cent to Rs 1,970.9 per cent in the quarter from Rs 1,660.6 crore in the October-December 2017 period. The company said it saw new deal wins of USD 122 million in direct international business, of which 81 per cent are in new-generation services. "Q3 is proof of our Cloud and Cognitive strategy in action, with the acquisition of Stelligent and launch of multiple clients wins in these areas. We are pleased with our overall performance in Q3 and our sustained execution road map across the portfolio, especially in New Gen Services," Mphasis CEO and Executive Director Nitin Rakesh said. He further said: "We continue to stay focused on execution of our deal pipeline and supporting the growth momentum."

Page 44: Coverage Report Mphasis Net Profit and EPS grew ~29% YoY ......Coverage Report Mphasis Net Profit and EPS grew ~29% YoY in Q3 FY2019 January 24, 2019 Date Publication Edition Headline

Citrus Interactive

Mphasis reports 29% rise in Q3 consolidated net profit

Mphasis has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 19.53% in its net profit at Rs 219.05 crore for the quarter under review as

compared to Rs 183.26 crore for the same quarter in the previous year. Total income of the company increased by

5.53% at Rs 897.87 crore for Q3FY19 as compared Rs 850.84 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 29.32% in its net profit at Rs 277.97 crore for the

quarter under review as compared to Rs 214.94 crore for the same quarter in the previous year. Total income of

the company increased by 19.19% at Rs 2,021.59 crore for Q3FY19 as compared Rs 1,696.05 crore for the

corresponding quarter previous year.