Mphasis (BSE: 526299; NSE: MPHASIS) reported a 5.3% QoQ and 11.4% YoY gross revenue increase for Q2 FY26. Direct revenue grew 5.5% QoQ and 13.4% YoY. New TCV wins reached USD 528 million, with 87% from new-gen services. Net profit reached ₹4,691 million, with EPS at ₹24.7, reflecting strong growth in challenging conditions. Strategic AI investments are driving client transformation and deal wins.
Financial Performance Highlights
Mphasis showcased a robust financial performance in Q2 FY26:
- Gross Revenue: Increased by 5.3% QoQ and 11.4% YoY (reported), 2.0% QoQ and 6.0% YoY (constant currency).
- Direct Revenue: Increased by 5.5% QoQ and 13.4% YoY (reported), 2.2% QoQ and 7.9% YoY (constant currency).
- New TCV Wins: Reached USD 528 million in Direct, with a significant 87% attributed to new-generation services.
- Operating Margin: A healthy 15.3% was recorded.
- Net Profit: Grew 6.2% QoQ and 10.8% YoY, reaching ₹4,691 million.
- EPS: Grew 6.2% QoQ and 10.2% YoY, reaching ₹24.7.
According to Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis, strategic investments in AI have positioned Mphasis as a key partner for clients undergoing digital transformations.
Key Deal Wins
Mphasis secured several significant deals this quarter:
- A major US-based airline selected Mphasis as its strategic partner for managed cloud and application services.
- A Hi-Tech device manufacturer partnered with Mphasis to transform its R&D Engineering Platform Support ecosystem, leveraging AI-driven automation.
- A leading US wireless telecommunications company chose Mphasis for transformational Salesforce development services.
Awards and Recognition
Mphasis received several awards and recognitions, including:
- Gold in Brandon Hall Group HR Excellence Awards 2025.
- Featured in Forrester’s The AI Consulting Services Landscape, Q3 2025.
- Mentioned in Gartner’s Market Guide for EMEA Life Insurance Policy Administration Systems.
- Recognized as a Major Contender and Star Performer in Property and Casualty (P&C) Insurance BPS PEAK Matrix® Assessment 2025 by Everest Group.
- And others in Digital Workplace Services, Talent Readiness for Next-generation Cloud Services and Application Transformation Services for AI-enablement by Everest Group.
Source: BSE
