Mumbai, March 4: MphasiS shares soared in intra-day trading today after the company made additional disclosures for the quarter ended January 2011.

Analysts had criticised the Bangalore-based IT company, which has a November-October fiscal, for not disclosing some information on the quarterly numbers and for giving discounts to the clients of Hewlett-Packard (HP), thereby crimping its profits. HP holds 61 per cent in MphasiS.

MphasiS had stopped publishing information on the average billing rates of each of its verticals. Analysts and second-largest shareholder Baring Private Equity Partners had reportedly asked the company to give more disclosures. Bowing to this pressure, the software firm said in a statement on Thursday evening, “MphasiS had discontinued the practice of publishing this information in view of the revised organisation structure which was effective from the first quarter of this fiscal. However, in the light of analysts’ requests the company will continue to publish this information for the next four quarters.”

The announcement went down well with the stock markets where the Mphasis share rose to an intra-day high of Rs 469.45 after opening at Rs 455. However, the counter saw profit-taking in line with the overall market and the share ended at Rs 453.85, a gain of around one per cent. On the NSE, too, the MphasiS scrip rose to an intra-day high of Rs 469.45 before settling at Rs 454.30.

Last month, MphasiS had posted consolidated revenues for the first quarter ended January 31 at Rs 1,233.5 crore, lower than Rs 1,345.4 crore in the preceding period.

According to the revised overview of MphasiS, its onsite average rate realisation for information technology outsourcing in the quarter ended January 31 fell to $67 per hour from $70 per hour last year.