IT and BPO services firm MphasiS has cruised past the $1 billion revenue mark by reporting consolidated revenues of Rs 5,037 crore ($1.09 billion) for the year ended October 31, 2010. The company posted a 15.9 per cent increase in profit after tax (PAT) YoY for the fourth quarter ended October 31, 2010. The PAT for the quarter stood at Rs 284 crore compared with Rs 245 crore in the corresponding period of the previous year.

On a quarter-on-quarter basis, it recorded a consolidated net profit growth of 4.7 per cent over the quarter ended July 31, 2010. The growth was led by forex gains and higher interest income. Revenues for the same period grew 5.2 per cent.

The consolidated top line increased 18.8 per cent to Rs 1,345 crore during the quarter under review from Rs 1,132 crore a year ago. However, on a quarter-on-quarter basis, the top line growth was 5.2 per cent from Rs 1,278 crore in the third quarter due to rupee appreciation.

The Ebitda margin dipped 86 basis points on a sequential basis to 23.8 per cent on the back of higher SG&A (sales, general & administration) expenses.

“MphasiS is now part of the club of Indian IT companies who have reached the $1 billion milestone,” chief executive officer Ganesh Ayyar said. “We are now preparing for our next phase of growth and will further intensify our customer focus,” he added.

For the full year ended October 31, 2010, consolidated revenues were at Rs 5,037 crore ($1.09 billion). This marked an increase of 18.1 per cent over the last year’s Rs 4,264 crore ($874.2 million).

The net profit after tax on an annual basis increased 20 per cent, from Rs 909 crore ($186.2 million) to Rs 1,091 crore ($238.1 million). The operating profit for the year increased 19 per cent to Rs 1,101 crore. Operating margins improved 20 basis points to 21.9 per cent from 21.7 per cent last year.