Mphasis Ltd Latest Updates

Q3 FY26 Financial Results Mphasis reported a consolidated net profit of ₹442 crore for the quarter ended December 31, 2025, representing a 3.5% year-on-year (YoY) increase. Revenue from operations grew by 12.3% YoY to ₹4,002 crore. Growth was primarily driven by the BFSI (Banking, Financial Services, and Insurance) sector, which saw an 18.2% rise, and the Insurance vertical, which surged by 36.6%. The company also noted a one-time exceptional impact of ₹35 crore due to the implementation of new labor codes. Deal Wins and Pipeline The company secured New Total Contract Value (TCV) wins worth $428 million during Q3 FY26. Notably, 62% of these wins were AI-led, utilizing the company’s Mphasis NeoIP platform. The quarterly deal mix included two large contracts valued at over $50 million each. While TCV was lower than the previous quarter's $528 million, the company highlighted a strong direct correlation between these wins and upcoming revenue ramp-ups. Strategic Acquisitions and Investments Mphasis has been active in expanding its capabilities through niche acquisitions. Recent investments include the acquisition of EDZ Systems' cybersecurity business for approximately ₹1,396 crore and tsQs Inc's software testing business for ₹2,266 crore. Additionally, the company acquired a 26% stake in Aokah Inc to further bolster its technology offerings in North America, which remains its largest market contributing nearly 80% of revenue. Leadership and Board Changes The company recently announced the appointment of Girish Paranjpe as the Chairperson of the Board. Under the current leadership of CEO Nitin Rakesh, Mphasis is focusing on a "hyper-personalized" digital experience strategy, aiming to grow at twice the industry rate by leveraging its AI-first transformation approach.