MphasiS BFL FY02 net soars 200%
India Infoline, April 9, 2002.

MphasiS BFL has posted a consolidated net profit of Rs409.8mn for the fiscal year to March 31, 2002 compared to Rs136.1mn in the previous fiscal year. Consolidated net revenues for the fiscal year 2001/02 was Rs 3.13bn as against Rs2.73bn in the fiscal year ended March 31, 2001.

MphasiS BFL expects a 60-70% growth in net profit for the fiscal year 2002/03 on revenue growth of between 25-28%. MphasiS BFL's chief financial officer Ravi Ramu said today that things were looking up for the company and the outlook was positive. He also said that there was no flood of good news but it looked like the worst was over.