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Mphasis Revenue grew 6.0% QoQ and 14.4% YoY in Q4 FY26

Posted On : 2026-05-02 22:02:31( TIMEZONE : IST )

Mphasis Limited (BSE: 526299; NSE: MPHASIS), a global AI-led, platform-driven technology solutions provider, has announced its financial results for the quarter and year ended 31st March 2026 and the financial year 2025-26.

Year ended 31st March 2026

- Revenue grew 11.6% YoY on a reported basis and 6.7% YoY in Constant Currency.
- Direct Revenue grew by 8.9% YoY in FY26 in USD terms and grew 8.7% YoY in Constant Currency.
- New TCV wins grew 68% YoY in FY26 to USD 2.1 billion, of which 60% is AI led.
- Operating margin for the year was 15.3%, flat YoY.
- Net margin for the year before exceptional items declined 10 bps YoY to 11.9%. FY26 P&L includes exceptional item of INR 355 million towards impact of change in labour laws.
- EPS before exceptional item grew 10.4% YoY to INR 99.2 in FY26.
- The Board of Directors recommended a dividend of INR 62 per share for FY 26, subject to shareholder approval.

Quarter ended 31st March 2026

- Revenue grew 6.0% QoQ and 14.4% YoY on a reported basis and grew 2.5% QoQ and 7.1% YoY in Constant Currency.
- Direct Revenue grew by 3.2% QoQ and 9.6% YoY in Q4 FY26 in USD terms and grew 3.3% QoQ and 9.2% YoY in Constant Currency.
- New TCV wins of USD 407 million in Q4 FY26 of which 64% is AI Led.
- Operating margin for the quarter was 15.4%, grew 20 bps QoQ and 10 bps YoY.
- Net margin for the quarter before exceptional items grew 30 bps QoQ and remained flat YoY to 12.0%.
- EPS before exceptional items grew 8.6% QoQ and 13.7% YoY to ₹ 26.7 in Q4 FY26.

"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 Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

Shares of MphasiS Limited was last trading in BSE at Rs. 2248.70 as compared to the previous close of Rs. 2274.05. The total number of shares traded during the day was 14576 in over 3318 trades.

The stock hit an intraday high of Rs. 2336.20 and intraday low of 2238.00. The net turnover during the day was Rs. 33286956.00.