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Informist, Thursday, Apr. 30, 2026

 

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--Mphasis Jan-Mar consol net profit INR 5.10 bln 
--Analysts saw Mphasis Jan-Mar consol net profit at INR 5.03 bln 
--Mphasis Jan-Mar consol revenue INR 42.43 bln 
--Analysts saw Mphasis Jan-Mar consol revenue at INR 42.28 bln 
--Mphasis Jan-Mar consol net profit INR 5.10 bln vs INR 4.42 bln qtr ago 
--Mphasis Jan-Mar consol revenue INR 42.43 bln vs INR 40.03 bln qtr ago 
--Mphasis to pay INR 62 per share final dividend 
--Mphasis final dividend record date Jul 8 
--Mphasis to reappoint Nitin Rakesh as CEO, MD for 5 yrs from Oct. 1 
--Mphasis FY26 consol net profit INR 18.63 bln vs INR 17.02 bln year ago 
--Mphasis FY26 consol revenue INR 158.80 bln vs INR 142.30 bln year ago 
--Mphasis Jan-Mar consol BFS revenue INR 23.03 bln vs INR 20.91 bln qtr ago 
--Mphasis Q4 consol insurance revenue INR 6.79 bln vs 6.04 INR bln qtr ago 
--Mphasis Q4 tech media, telecom sales INR 6.89 bln vs INR 7.42 bln qtr ago 
--Mphasis Q4 logistics, transport sales INR 2.18 bln vs INR 2.18 bln qtr ago 
--Mphasis Jan-Mar direct revenue up 3.3% on qtr in constant currency 
--Mphasis Jan-Mar revenue up 2.5% on qtr in constant currency 
--Mphasis Q4 gross sales at $463 mln, up 2.5% on qtr in constant currency 
--Mphasis Jan-Mar total new contract wins $407 mln vs $428 mln qtr ago 
--Mphasis Jan-Mar operating margin 15.4% vs 15.2% qtr ago 
--Mphasis Q4 direct sales from Americas up 3.6% QoQ in constant currency 
--Mphasis Q4 BFS direct revenue up 6.4% on qtr in constant currency 
--Mphasis Q4 BFS revenue $247 mln, up 6.4% QoQ in constant currency 
--Mphasis Q4 insurance sales $73 mln, up 7.3% QoQ constant currency 
--Mphasis Q4 tech media, telecom sales $74 mln 
--Mphasis Q4 tech media, telecom sales dn 9.2% QoQ in constant currency 
--Mphasis Q4 logistics, transport sales $24 mln 
--Mphasis Q4 logistics, transport sales dn 2.1% QoQ constant currency 

 

By Arya S. Biju and Shruti Nair

 

MUMBAI – Mphasis Ltd. reported a double-digit sequential rise in its consolidated net profit for the March quarter, the first in 24 quarters, driven by healthy sales growth, steady ramp-up in recent large deals and gains in strategic accounts. Its consolidated revenue for the quarter grew at its fastest pace in more than four years on a sequential basis, led by improvement in the banking and financial services, and insurance verticals and higher sales across the Americas and Europe, Middle East, and Africa regions. 

 

The mid-cap information technology major reported a consolidated net profit of INR 5.10 billion for the reporting quarter, up over 15% sequentially and 14% on year. This was largely in line with analysts' consensus revenue estimate of INR 5.03 billion. The company's consolidated revenue for the quarter rose 6% sequentially and more than 14% on year to INR 42.43 billion, also largely in line with the INR 42.28 billion estimated by the Street. 

 

For the quarter ended March, the IT major reported revenue of $463 million in constant currency terms, compared to $451 million in the trailing quarter and $430 million a year ago. This was also largely in line with the $462.7 million in revenue estimated by the Street. In constant currency terms, the company's revenue for the reporting quarter grew 2.5% on a sequential basis. Its direct business sales for the quarter grew 3.3% sequentially and 9.2% on year in constant currency terms. 

 

Revenue from the company's largest segment, banking and financial services, grew over 10% sequentially to INR 23.03 billion. In dollar terms, revenue from the segment was $247 million in the reporting quarter, up 6.4% sequentially in constant currency terms. The growth was driven by wallet share gains and growth in new deal wins, Mphasis said in a post-earnings presentation. 

 

Sales from the insurance segment rose over 12% sequentially to INR 6.79 billion in Jan-Mar, supported by continued ramp-up in recent large deal wins. In dollar terms, revenue from the segment was $73 million in the reporting quarter, up 7.3% on quarter in constant currency terms. 

 

Revenue from the company's logistics and transportation vertical fell marginally on a sequential basis to INR 2.18 billion in the reporting quarter. In dollar terms, revenue from the segment was unchanged from the previous quarter, at $24 million, but fell over 2% on quarter in constant currency terms. Revenue from its technology, media, and telecommunication vertical also fell over 7% to INR 6.89 billion. In dollar terms, revenue from the segment was $74 million, down over 9% sequentially in constant currency. The segment also saw a few project closures during the quarter, Mphasis said, adding that it expects the June quarter to be stronger.

 

Revenue from the company's business from Americas was $387 million in the reporting quarter, up nearly 4% sequentially in constant currency terms. The company's sales from the Europe, West Asia, and Africa region were $45 million in the March quarter, up around 7% on a sequential basis in constant currency terms. 

 

The company's total expenses for the March quarter grew around 7% on quarter to INR 36.68 billion driven by an over 10% sequential jump in other expenses to INR 11.30 billion and a near 4% rise in employee benefit expense to INR 23.08 billion. Its finance costs for the quarter jumped 88% sequentialy to INR 773 million. Further, the company reported a slight increase in its operating margin for the quarter to 15.4% from 15.2% in the December quarter.

 

For Jan-Mar, Mphasis' net new total contract value was $407 million, slightly below the $428 million a quarter ago, but up from $390 million in the year-ago quarter. For the financial year 2025-26 (Apr-Mar), the company reported an over 9% on-year jump in its consolidated net profit to INR 18.63 billion, up from INR 17.02 in FY25. The company's consolidated revenues rose nearly 12% to INR 158.80 billion in FY26 from INR 142.30 billion in FY25. 

 

The company expects to deliver between high single-digit to low double-digit growth going forward on the back of strong execution despite uncertainities in the macro environment, it said in its analyst presentation. It seeks to accelerate competitive differentiation through its Neo platform aided by the acquisition of Canadian artificial intelligence firm, Theory and Practice Business Intelligence Inc. It also expects to sustain pipeline momentum and deal wins in FY27, building on the record total contract value momentum its recorded in FY26. Further, Mphasis sees stable margins in the target band of 14.75%–15.75% and an 80% ratio of operating cash flow to net income conversion.

 

The company announced a final dividend of INR 62 per share for FY26 with the record date set for Jul. 8. The company also announced the reappointment of Nitin Rakesh as chief executive officer and management director for five years from Oct. 1. At 1109 IST, shares of the company were at INR 2,304.50 up 2.4% on the National Stock Exchange.  End

 

US$1 = INR 95.25 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee and Vandana Hingorani

 

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