Latest Results Update From Mphasis

A quick results update from Mphasis for you;

Mphasis Limited, (BSE: 526299; NSE: MPHASIS), a global AI-led, platform-driven technology solutions provider, today announced its financial results for the quarter ended 30th September 2026.

Quarter ended 30th September 2026

• Revenue grew 3.2% QoQ and 9.2% YoY in Q2 FY27 in USD terms and grew 3.3% QoQ and 9.7% YoY in constant currency
• Revenue grew 4.5% QoQ and 17.4% YoY on a reported basis
• Direct Revenue grew by 3.4% QoQ and 10.7% YoY in Q2 FY27 in USD terms and grew 3.5% QoQ and 11.3% YoY in constant currency
• New TCV wins of USD 466 Million in Q2 FY27 of which 66% is AI led
• Gross margin for the quarter was 27.1%, grew 20 bps QoQ and declined 100 bps YoY
• Operating margin for the quarter was 14.8%, flat QoQ and declined 50 bps YoY
• Net margin for the quarter grew 100 bps QoQ and 20 bps YoY to 12.2%
• EPS grew 14.6% QoQ and 19.2% YoY to ₹ 29.4 in Q2 FY27.

“We are building a platform-first thesis, that makes AI adoption at scale real for large enterprises. Our Mphasis TriaTM led business modernisation and business reimagine are emerging as big themes that continue to drive pipeline and wins, unlocking budgets beyond the technology functions, as it widens the set of challenges we can solve for clients. Total pipeline reached a new high, growing 4.4% sequentially and 23% YoY,” said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

Deal wins:

• A large broker dealer has selected Mphasis as a strategic partner for scaling its advisor administration business, including high touch services to its advisor in the front and middle office functions. The engagement has a recurring, revenue-sharing model with significant potential for expansion across a large advisor ecosystem.
• A leading Tech company has selected Mphasis for a multi-year engagement to deliver specialised enterprise technology services across SAP, Oracle, Azure Monitoring, and Testing & Automation, supporting the client’s modernisation journey and ongoing technology operations.
• A large telecommunication major has selected Mphasis for a multi-year managed services engagement to support the modernisation and scaling of its digital commerce platform. The engagement leverages AI-enabled engineering and delivery capabilities to improve platform efficiency, accelerate development, and support ongoing innovation.
• A global managed healthcare and health services organisation has selected Mphasis for a multi-phase engagement, expanding our role across enrolment & billing, contact centre, and back-office operations. The engagement leverages platform-led transformation, agentic AI orchestration, and cloud-based contact centre capabilities to establish a differentiated, outcome-based operating model, with potential for further expansion across the client relationship.