IT company Mphasis Ltd said its consolidated net profit rose by 20% to Rs1,090.75 crore for the year ended 31 October 2010, over the same period last year.
Revenues rose to Rs5,036.52 crore during the year ended October 2010 against Rs4,263.88 crore in the same period last year, the company said in a statement.
On a standalone basis, the company has reported a net profit of Rs996.88 crore, up 19% over the same period last year.
The board of directors of the company proposed a final dividend of Rs4 per equity share of Rs10 each for the year ended October 2010.
On Tuesday, Mphasis gained 8.22% to Rs613 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.33% down at 19,691.84 points.
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