On Thursday, IT firm Mphasis had reported a 9.8 per cent increase in consolidated net profit at Rs 357.6 crore for the December 2021 quarter.

The company’s net profit stood at Rs 325.5 crore in the year-ago period, Mphasis said in a regulatory filing. Adjusted for M&A charges, net profit grew 16.8 per cent year-on-year to Rs 380.2 crore, it added.

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Revenue from operations grew 26.2 per cent to Rs 3,123.7 crore in the reported quarter from Rs 2,474.3 crore in the year-ago period.

The company said its gross revenue grew 7.8 per cent quarter-on-quarter and 24.2 per cent year-on-year in constant currency terms.