Mphasis announced its financial results for the quarter ended September 30, 2026, reporting a robust 17.4% year-over-year growth in revenue to ₹45,809.30 million. Earnings per share (EPS) also saw a substantial increase of 19.2% YoY to ₹29.4. The company highlighted strong deal wins, particularly in AI-led services, and a continued expansion of its global client base.
Mphasis Reports Strong Q2 FY27 Financial Performance
Mphasis Limited, a global AI-led, platform-driven technology solutions provider, today announced its financial results for the quarter ended September 30, 2026. The company reported significant year-over-year growth in both revenue and earnings.
Key Financial Highlights
- Revenue: The company’s revenue grew by 17.4% YoY on a reported basis to ₹45,809.30 million for the quarter ended September 30, 2026. In USD terms, revenue grew 9.2% YoY, and in constant currency, it grew 9.7% YoY.
- Earnings Per Share (EPS): EPS increased by 19.2% YoY to ₹29.4 for the quarter. Sequentially, EPS grew by 14.6%.
- Margins: Gross margin for the quarter was 27.1%, while operating margin stood at 14.8%. Net margin grew 100 bps QoQ and 20 bps YoY to 12.2%.
- New Deal Wins: The company secured new TCV wins totaling USD 466 Million in Q2 FY27, with 66% of these wins being AI-led.
CEO Commentary and Strategy
Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis, stated, “We are building a platform-first thesis, that makes AI adoption at scale real for large enterprises. Our Mphasis Tria™™ led business modernization 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.”
Significant Deal Wins
Mphasis highlighted several key deal wins across various sectors, demonstrating its expanding service capabilities and client partnerships:
- A large broker dealer selected Mphasis for a strategic partnership in its advisor administration business, featuring a recurring revenue-sharing model.
- A leading technology company engaged Mphasis for a multi-year project involving specialized enterprise technology services across SAP, Oracle, Azure Monitoring, and Testing & Automation.
- A major telecommunication player selected Mphasis for a multi-year managed services engagement to modernize and scale its digital commerce platform, leveraging AI-enabled engineering.
- A global managed healthcare organization partnered with Mphasis for a multi-phase engagement focusing on enrollment & billing, contact center, and back-office operations, utilizing platform-led transformation and AI orchestration.
Audited Financial Results
The company also released its audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results, which were audited by M/s BSR & Co. LLP.
Source: BSE
