MphasiS shares jump 4 pc

At the NSE,shares of the company closed 4.06 per cent higher at Rs 383.10.

8220;For 3QFY2012,MphasiS8217; numbers underperformed our expectation on the revenue front,but came higher than expectations on the net profit front due to lower tax expense and higher other income,8221; said Angel Broking IT analyst Ankita Somani.

MphasiS yesterday said it posted a 7.2 per cent rise in net profit at Rs 208.74 crore for the quarter ended July,2012,on the back of improved operational performance. The company had posted a net profit of Rs 194.80 crore in the third quarter of last fiscal.

Mphasis,in which HP owns more than 60 per cent,follows November to October financial year.