Mphasis Q3 Profit Up 21% to 204 cr
New Delhi: IT company Mphasis on Tuesday posted a 21.1% rise in consolidated net profit at .₹ 204.3 crore for the third quarter ended December 2016. Mphasis' board also approved a buy-back at max price of .₹ 635 per share, aggregating to .₹ 1,103 crore, pending shareholder and regulatory approval. Income from operations were higher by 1.3% to .₹ 1,536.1cr from 2015. IT services provider Mphasis also said that its board has approved a share buyback plan worth up to .₹ 1,103 crore.