Mphasis (MPHASIS) reported a revenue increase of 2.6% QoQ and 12.4% YoY in Q3 FY26, with constant currency growth at 7.4%. Direct revenue rose by 3.1% QoQ and 15.9% YoY. New TCV wins reached USD 428 million. The company’s Q3 FY26 EPS grew 9% YoY to ₹ 24.6. Mphasis is also expanding AI capabilities and seeing wallet share gains, according to Nitin Rakesh, CEO.
Q3 FY26 Financial Highlights
Mphasis (MPHASIS) announced its financial results for the quarter ended December 31, 2025, revealing:
- Revenue growth of 2.6% QoQ and 12.4% YoY on a reported basis (7.4% YoY in constant currency).
- Direct revenue increase of 3.1% QoQ and 15.9% YoY on a reported basis (9.6% YoY in constant currency).
- New TCV wins totaling USD 428 million.
- Operating Margin reported at 15.2%.
- Net profit before exceptional items decreased 0.1% QoQ but increased 9.5% YoY to ₹ 4,687 million. Q3 FY26 P&L included an exceptional item of INR 355 million due to labour law changes.
- EPS before exceptional items declined 0.2% QoQ but grew 9.0% YoY to ₹ 24.6.
Key Deals Won
Mphasis secured several significant deals, including:
- A multi-year transformation journey with a large US bank, focusing on Financial Crimes and AML.
- A partnership with a top healthcare company, utilizing the Mphasis Javelina platform.
- Selection as a strategic partner for comprehensive mortgage fulfillment services by a global bank.
- Collaboration with a large bank to enhance its global remittance leadership.
Analyst Recognition and Awards
Mphasis has received various accolades and certifications, including:
- Achieving ISO 42001:2023 Certification for Artificial Intelligence Management Systems (AIMS).
- Winning the Indian Social Impact Awards 2025.
- Being positioned as a Leader and Star Performer in Banking IT Services PEAK Matrix® Assessment 2025.
- Inclusion in Forrester’s The Salesforce Consulting Services Landscape, Q4 2025.
- Positioning in Horizon 2 in HFS Horizons reports for Legacy Application Modernization and Travel & Hospitality services.
- Recognition as a Major Contender and Star Performer in multiple PEAK Matrix® Assessments for Payments, ServiceNow, and Property and Casualty Insurance IT Services.
Source: BSE
