Global AI-led, platform-driven technology solutions provider Mphasis Ltd reported a 14% increase in consolidated net profit at ₹510 crore for the March quarter compared with the year-ago period, driven by growth in BFS and insurance segments and ramp-up of large deals.
Revenue grew 14% to ₹4,247 crore, with banking and financial services contributing ₹2,303 crore, followed by technology, media and telecom at ₹689 crore, insurance at ₹679 crore, logistics and transportation at ₹218 crore and others at ₹417 crore.
Dividend and leadership continuity
The board recommended a dividend of ₹62 per share and approved the re-appointment of the chief executive for a five-year term beginning October 1, 2026.
“We have delivered on our growth and margin guidance in FY26 and are stepping into FY27 with strong momentum driven by healthy pipeline and TCV. Our AI-led propositions have gained traction, and we continue to double down on our AI efforts and strengthen the NeoIP TM suite. Our recent acquisition of Theory and Practice (TAP) creates a combination that allows us to move beyond task automation, towards systems that can reason over business objectives, constraints, and domain context, using AI at scale,” said Mphasis Chief Executive Officer and Managing Director Nitin Rakesh.
Deal wins and AI traction
New total contract value (TCV) wins stood at $407 million, of which 64% were AI-led deals, reflecting increasing adoption of artificial intelligence-led solutions.
Key wins included a mandate from US-based telecommunications and technology company, a global bank for lending operations and a mid-sized bank for payments transformation and establishment of a scalable Payments Centre of Excellence.
Outlook and growth guidance
The company expects to deliver high single-digit to low double-digit growth despite macroeconomic uncertainties, supported by strong execution and pipeline visibility.
Margins are expected to remain stable in the 14.75%–15.75% range, with operating cash flow to net income conversion targeted at around 80%.