Mphasis reported a 2.6% QoQ and 12.4% YoY revenue increase in Q3 FY26, with EPS growing 9% YoY to ₹24.6. Direct revenue rose 3.1% QoQ and 15.9% YoY. New TCV wins reached USD 428 million. Mphasis secured several key deals, including a major transformation project with a large US bank and core administration modernization with a top healthcare company.
Financial Performance Highlights
Mphasis (BSE: 526299; NSE: MPHASIS) announced its Q3 FY26 results, showcasing solid growth:
- Revenue increased by 2.6% QoQ and 12.4% YoY. Constant Currency revenue grew 1.5% QoQ and 7.4% YoY.
- Direct revenue climbed 3.1% QoQ and 15.9% YoY. Constant Currency direct revenue rose 1.9% QoQ and 9.6% YoY.
- New TCV wins reached USD 428 million.
- Reported Operating Margin stood at 15.2%.
- Net profit before exceptional items was ₹4,687 million. This reflects a minor decrease of 0.1% QoQ but a substantial increase of 9.5% YoY. The results include a one-time item of INR 355 million related to labor law changes.
- EPS before exceptional items was ₹24.6, a 0.2% QoQ decrease but a 9.0% YoY increase.
Key Strategic Wins
Mphasis secured significant deals, underpinning future growth:
- A major US bank selected Mphasis for a multi-year transformation focusing on Financial Crimes and AML.
- A leading healthcare company chose Mphasis’ Javelina platform for core administration modernization, to enhance user experience and payment processing.
- A global bank selected Mphasis as a strategic partner for mortgage fulfilment services.
- A large bank partnered with Mphasis to enhance its global remittance leadership.
Industry Recognition
Mphasis received several industry accolades:
- Achieved ISO 42001:2023 Certification for Artificial Intelligence Management Systems.
- Won the Indian Social Impact Awards 2025 for Most Impactful Integrated CSR Initiative.
- Recognized as a Leader and Star Performer in Banking IT Services PEAK Matrix® Assessment 2025.
- Featured in Forrester’s The Salesforce Consulting Services Landscape, Q4 2025.
- Positioned in Horizon 2 in HFS Horizons reports for Legacy Application Modernization Services and Travel and Hospitality Service Provider Ecosystem.
- Mentioned in Gartner’s Market Guides for Life Policy Administration Systems and Magic Quadrant for Custom Software Development Services.
- Recognized as a Major Contender and Star Performer in Payments IT Services and ServiceNow Services PEAK Matrix® Assessments 2025.
- Recognized as a Major Contender in Property and Casualty (P&C) Insurance IT Services PEAK Matrix® Assessment 2025.
Source: BSE
