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Bangalore Oct. 30 MphasiS Group has reported a consolidated net profit of Rs 66.3 crore for the quarter ended September 2007, an 81 per cent growth over Rs 36.6 crore in the corresponding period last year.

The company reported a 41 per cent increase in revenues at Rs 602 crore. Sequentially, the consolidated revenues were up 13 per cent while the net profits were up 30 per cent.

Mphasis shares ended 1.52 per cent up at Rs 301.40 on the BSE on Tuesday.

“We have completed another good quarter and have moved into the next level in terms of our growth trajectory putting us firmly on track to being a Tier I player in the industry. EDS continues to win in the marketplace as we strengthen and broaden our combined service offering especially in the application services space,” said Mr Jerry Rao, Chairman, MphasiS Group.

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