Mphasis Performance Update For 2025-26

The word from Mphasis who are recording strong performance data for the last financial year;

Mphasis Limited (BSE: 526299; NSE: MPHASIS), a global AI-led, platform-driven technology solutions provider, has announced its financial results for the quarter and year ended 31st March 2026 and the financial year 2025-26.

Year ended 31st March 2026

• Revenue grew 11.6% YoY on a reported basis and 6.7% YoY in Constant Currency.
• Direct Revenue grew by 8.9% YoY in FY26 in USD terms and grew 8.7% YoY in Constant Currency.
• New TCV wins grew 68% YoY in FY26 to USD 2.1 billion, of which 60% is AI-led.
• Operating margin for the year was 15.3%, flat YoY.
• Net margin for the year before exceptional items declined 10 bps YoY to 11.9%. FY26 P&L includes an exceptional item of INR 355 million towards the impact of the change in labour laws.
• EPS before exceptional item grew 10.4% YoY to INR 99.2 in FY26.
• The Board of Directors recommended a dividend of INR 62 per share for FY 26, subject to shareholder approval.

Quarter ended 31st March 2026

• Revenue grew 6.0% QoQ and 14.4% YoY on a reported basis and grew 2.5% QoQ and 7.1% YoY in Constant Currency.
• Direct Revenue grew by 3.2% QoQ and 9.6% YoY in Q4 FY26 in USD terms and grew 3.3% QoQ and 9.2% YoY in Constant Currency.
• New TCV wins of USD 407 million in Q4 FY26 of which 64% is AI Led.
• Operating margin for the quarter was 15.4%, grew 20 bps QoQ and 10 bps YoY.
• Net margin for the quarter before exceptional items grew 30 bps QoQ and remained flat YoY to 12.0%.
• EPS before exceptional items grew 8.6% QoQ and 13.7% YoY to ₹ 26.7 in Q4 FY26.

“We have delivered on our growth and margin guidance in FY26 and are stepping into FY27 with strong momentum driven by a healthy pipeline and TCV. Our AI-led propositions have gained traction, and we continue to double down on our AI efforts and strengthen the NeoIP TM suite. Our recent acquisition of Theory and Practice (TAP) creates a combination that allows us to move beyond task automation, towards systems that can reason over business objectives, constraints, and domain context, using AI at scale,” said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

Deal wins:

• A leading telecommunications and technology company in the United States has chosen Mphasis for digital transformation and outsourcing services for its business and government customer operations. Mphasis’ Telecom delivery model is underpinned by NextOps, Mphasis’ BPS operating framework, designed to integrate process excellence, analytics-driven performance management, and digital enablement.
• A global bank has partnered with Mphasis for talent transformation for its judgmental lending operations. The scope expands Mphasis’ presence from consumer cards to business cards, as well as broader credit line increases with delegated decision authority. This represents a differentiated win in a space that is traditionally retained in-house by banks.
• A Mid-size Bank selected Mphasis as a strategic partner to transform its payments operations and establish a scalable Payments Centre of Excellence. As part of this engagement, Mphasis will partner closely with the bank to transform talent, deliver end-to-end payments operations, and drive technology-led transformation leveraging Salesforce and AI across ACH, Wires, Checks, FX, and Funds Transfer processing.