Mphasis' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Mphasis for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | (Y-o-Y) % change | Q1FY24 | (Q-o-Q) % change | Q2FY24 |
| Total Income (₹crs.) | 3563 | -6.68 | 3302 | 0.7 | 3325 |
| Expenses (₹crs.) | 3008 | -6.82 | 2776 | 0.97 | 2803 |
| Net Profit (₹crs.) | 418.4 | -6.31 | 396 | -1.01 | 392 |
| Margin (%) | 11.74 | 0.05 | 11.99 | -0.20 | 11.79 |
REVENUE:
The company reported a total income of ₹3,325 crores for Q2FY24, with a slight increase of 0.7% compared to the preceding quarter but a decline of -6.68 compared to Q2FY23.
EXPENSES:
They also recorded expenses amounting to ₹2,803 crores in Q2FY24, with a -6.82%% decrease compared to the corresponding quarter of the previous fiscal year. Furthermore, expenses increased marginally when compared to the previous quarter.
NET PROFIT:
The net profit of the Company for Q2FY24 was ₹392 crores, reflecting a -1.01% change compared to the preceding quarter and a -6.32% to Q2FY23.
MARGINS:
Mphasis's margin in Q2FY24 was 11.79%. This figure showed a minor decrease of -0.20% compared to the previous quarter when the margin was 11.99%. Year-on-year, the margin exhibited a stable trend, with only a slight change compared to the corresponding quarter of the previous fiscal year.
In conclusion, Mphasis's financial performance in Q2FY24 reflects a relatively weak. These changes can be attributed to a falling topline, however, further analysis is needed to discern the underlying trends.
Stay tuned for more detailed updates on Mphasis's financial performance in the coming quarters.