Hold MphasiS, target price Rs 2,920: Prabhudas Lilladher

Prabhudas Lilladher has hold call on MphasiS with a target price of Rs 2,920. The current market price of MphasiS is Rs 3,083.35. MphasiS, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 58,468.34 Crore) operating in IT Software sector.

MphasiS key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2024.

Financials

For the quarter ended 30-06-2024, the company has reported a Consolidated Total Income of Rs 3,496.01 Crore, up .57 % from last quarter Total Income of Rs 3,476.23 Crore and up 5.86 % from last year same quarter Total Income of Rs 3,302.36 Crore. Company has reported net profit after tax of Rs 404.51 Crore in latest quarter.


Promoter/FII Holdings

Promoters held 40.35% stake in the company as of 30-Jun-2024, while FIIs owned 18.31%, DIIs 35.58%.