Trend Graphs for 2012.

1. MphasiS - Quarter Report Graphs
Quarter ended 31 April 2012

2. In Percentage
Operating Margin
Operating Margin %
25.0
22.5 22.5
21.6 21.8 21.9 21.5
21.0
20.0
18.0
16.5 16.2
16.0
14.7 15.0
15.0
10.0
5.0
Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12
Percentages indicate operating profit as a percentage of revenue.

3. In Percentage
Net Margin
Net Margin %
25.0
22.5 21.9
21.4 21.6 21.2
20.7 21.1
20.0
18.4
17.3
15.1
15.0 13.9 14.3
13.5
10.0
5.0
Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12
Percentages indicate net profit as a percentage of revenue.

4. In Percentage
EBITDA
EBITDA %
30.0
26.9 26.4
26.0 26.3 25.8
24.7
25.0 23.8
20.9
19.1 19.4 19.7
20.0
17.9 18.5
15.0
10.0
5.0
Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12
Percentages indicate EBITDA as a percentage of revenue
4 6 June 2012

5. In Percentage
Utilization
90%
84%
82% 81%
80%
79% 80%
80% 78%
76% 76% 76% 76% 77%
80% 76%
75%
78% 73%
72%
75% 75% 75% 75%
70% 73% 74% 71%
70% 69% 73%
71% 71%
70% 70%
65%
68% 68%
66% 66%
60%
55%
53%
50%
Q/E Q/E Q/E Q/E Q/E Q/E Q/E Q/E Q/E Q/E Q/E Q/E Q/E
Apr 09 Jul 09 Oct 09 Jan 10 Apr 10 Jul 10 Oct 10 Jan 11 Apr 11 Jul 11 Oct 11 Jan 12 Apr 12
Applications 75% 75% 82% 78% 75% 73% 75% 72% 76% 76% 76% 77% 80%
BPO 53% 55% 65% 70% 70% 71% 74% 69% 68% 66% 70% 71% 71%
ITO 76% 78% 80% 79% 76% 73% 66% 68% 73% 75% 80% 81% 84%

6. In Percentage
Group Client Concentration
100%
90%
80%
70% 63%
62% 62% 62% 62% 62% 62% 60% 61% 61% 60%
59% 59%
60%
50% 46% 46% 45% 44% 45% 45% 45% 44% 44% 44% 44% 44% 44%
40% 33%
32% 32% 31% 30% 30% 30% 31% 31%
29% 28% 29% 28%
30%
20% 14% 14% 13% 12% 11% 11% 10% 10% 10% 10% 10% 10% 10%
10%
0%
Q/E Q/E Jul Q/E Q/E Q/E Q/E Jul Q/E Q/E Q/E Q/E Jul Q/E Q/E Q/E
Apr 09 09 Oct 09 Jan 10 Apr 10 10 Oct 10 Jan 11 Apr 11 11 Oct 11 Jan12 Apr12
Top 20 Clients 62% 62% 62% 62% 62% 62% 63% 60% 61% 61% 59% 59% 60%
Top 10 Clients 46% 46% 45% 44% 45% 45% 45% 44% 44% 44% 44% 44% 44%
Top 5 Clients 32% 33% 32% 31% 30% 29% 28% 29% 28% 30% 30% 31% 31%
Top Client 14% 14% 13% 12% 11% 11% 10% 10% 10% 10% 10% 10% 10%
Trailing Twelve Months (TTM)

7. In INR Million
Cash and cash equivalents
25000
23,385
21,819
20,293 20,661
20000
18,642
17,855
16,384
14,872
15000
12,974
11,841
10000 9,398
6,500
5000
3,555
0
Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12
Cash balance includes investment in debt mutual funds and FMP

8. Debtor Days
DSO (days)
100
94
91
89 88 88
90
83
80
80 77 77 78
75 76
72
70
60
Apr-09 Jul-09 Oct-09 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Apr-12