Mphasis Limited announced its audited financial results for the quarter ended June 30, 2026. The company reported consolidated revenue growth of 3.3% QoQ and 17.5% YoY, with Total Contract Value (TCV) wins totaling USD 461 Million. Earnings Per Share (EPS) grew 10.4% YoY to ₹25.6. The board also reviewed and approved the auditor’s reports. The meeting commenced at 07:00 PM IST and concluded at 10:20 PM IST.
Mphasis Announces Strong Q1 FY27 Financial Performance
Bengaluru, July 23, 2026 – Mphasis Limited, a global Al-led, platform-driven technology solutions provider, today announced its financial results for the quarter ended June 30, 2026. The company showcased robust growth, with revenue increasing 3.3% QoQ and 17.5% YoY on a reported basis. In USD terms, revenue grew 1.8% QoQ and 7.7% YoY, while constant currency growth stood at 2.1% QoQ and 8.3% YoY.
Key Financial Highlights
- Revenue Growth: Achieved 3.3% QoQ and 17.5% YoY growth on a reported basis.
- TCV Wins: Secured new Total Contract Value (TCV) wins amounting to USD 461 Million in Q1 FY27, with 63% of these wins being Al-led.
- Profitability: Net margin for the quarter was 11.2%.
- EPS: Earnings Per Share (EPS) grew 10.4% YoY to ₹25.6, despite a 4.0% decline QoQ.
- Margins: Gross margin stood at 26.9%, and operating margin was 14.8%.
Strategic Achievements and Deal Wins
The company highlighted strategic achievements including the launch of Mphasis Triå™, positioning Mphasis as a platform-led Al partner for enterprise clients. Several significant deal wins were announced, underscoring the company’s growing market share and capability in key sectors:
- An agreement with a Tier 1 global technology company to support its Online Store, Retail, Commerce, and other divisions.
- A major engagement with a Tier 1 US-based Telecom leader to transform enterprise operations through Al-driven initiatives.
- A strategic program win with a Top-tier Investment Bank focusing on crypto, tokenization, and multicurrency capabilities.
- A new engagement with a Top US bank to modernize its Fraud and Claims operations, Banking Operations, and Retail Core functions.
Board Approval and Outlook
The Board of Directors of Mphasis Limited met on July 23, 2026, and approved the audited standalone and consolidated financial results for the quarter ended June 30, 2026. The Auditor’s Reports were also taken on record. The meeting commenced at 07:00 PM IST and concluded at 10:20 PM IST. This information will be available on the company’s website at www.mphasis.com.
Nitin Rakesh, CEO & Managing Director, expressed satisfaction with the company’s momentum, stating, “We expect further acceleration in sequential growth in Q2 FY27, as we continue to gain wallet share, as well as capture additional Al led market share.”
Source: BSE
