In response to several media queries, Mphasis has clarified that it has not entered into any transaction which requires it to leverage its cash and incur additional debt. The company’s cash and cash equivalent position remains strong and unchanged. The company has cash and cash equivalents of Rs 2338.50 crore on its balance sheet as on the last quarter ended 30 April 2012.
The company’s net profit after tax for the second quarter ended April 30, 2012 dipped by 34% at Rs 144.73 crore as compared to Rs 219.29 crore for the quarter ended April 30, 2011. Company’s total income has increased by 3.08% to Rs 901.53 crore for the quarter from Rs 874.59 crore for the April quarter of the previous year.
