MPHASIS BFL Group's consolidated net profit increased to Rs 8.98
crore for the quarter ended September 30, 2001, compared to a net
loss of Rs 2.18 crore in the quarter ended September 30, 2000, representing
an improvement of 512 per cent.
revenues in the current quarter increased 13 per cent over the corresponding
quarter of the previous year to Rs 76.29 crore compared with Rs
67.81 crore, the company said in a release.
general and administrative expenses fell significantly to Rs 22.44
crore representing 29.4 per cent of revenue this quarter, compared
to Rs 23.52 crore, or 34.7 per cent of revenues, in the corresponding
quarter last fiscal year, it said.
grew 5.5 per cent on a quarter-on-quarter basis. Net profits on
a quarter-on-quarter basis increased 64 per cent, the release said.
consolidated net profit to September 30, 2001, stood at Rs 14.45
crore against a net loss of Rs 8.17 crore in the half-year ended
September 30, 2000, the release added. (PTI)