Mphasis Q3 FY26 Net Profit Grows 9.5% YoY, TCV At USD 428 Million

Mphasis Limited, a global AI-led, platform-driven technology solutions provider, today announced its financial results for the quarter ended 31st December 2025.

Quarter ended 31st December 2025:

·         Revenue grew 2.6% QoQ and 12.4% YoY in Q3 FY26 on a reported basis and grew 1.5% QoQ and 7.4% YoY in Constant Currency

·         Direct revenue grew 3.1% QoQ and 15.9% YoY on a reported basis and grew 1.9% QoQ and 9.6% YoY in Constant Currency

·         New TCV wins at USD 428 million

·         Reported Operating Margin at 15.2%

·         Net profit before exceptional items declined 0.1% QoQ and grew 9.5% YoY to INR 4,687 million in Q3 FY26. P&L includes an exceptional item of INR 355 million towards impact of change in labour laws.

·         EPS before exceptional item declined 0.2% QoQ and grew 9.0% YoY to INR 24.6 in Q3 FY26.

“We are pleased with our continued progress on all metrics around growth across the business. Our Mphasis NeoIP™, Artificial Intelligence (AI) platform, is supersizing our pipeline and deals, paving the way for faster revenue growth and continued gains in wallet share driven wins.” said Nitin Rakesh, Chief Executive Officer and Managing Director, Mphasis.

Deal wins:

·         A large US bank chose Mphasis for a multi-year transformation journey spanning Financial Crimes and AML, focusing on enterprise data modernization and Agentic AI-led intelligence to deliver measurable business and risk outcomes at scale.

·         A top healthcare company chose the Mphasis Javelina platform to provide the core administration for their modernization initiative. This transition will enable real-time, personalized experiences with integrated billing, seamless data flows, enhanced self-service capabilities, and secure payment processing.

·         A global bank selected Mphasis as a strategic partner for comprehensive mortgage fulfilment services.

·         A large bank selected Mphasis to accelerate its global remittance leadership journey. Mphasis ramps up autonomous squads to design, implement, test and deploy the workstreams to the global remittance program.

Awards and Analyst Positioning:

·         Mphasis achieves the ISO 42001:2023 Certification from TÜV SÜD for Artificial Intelligence Management Systems (AIMS)

·         Mphasis won the Indian Social Impact Awards 2025 in the category of Most Impactful Integrated CSR Initiative of the Year

·         Positioned as a Leader and Star Performer in Banking IT Services PEAK Matrix® Assessment 2025

·         Featured in Forrester's The Salesforce Consulting Services Landscape, Q4 2025

·         Positioned in Horizon 2 by HFS in HFS Horizons: Legacy Application Modernization Services, 2025

·         Positioned in Horizon 2 by HFS in HFS Horizons: Travel and Hospitality Service Provider Ecosystem, 2025

·         Mentioned in Gartner's Market Guide for Life Policy Administration Systems, Americas

·         Mentioned in Gartner's Magic Quadrant for Custom Software Development Services

·         Recognised as a Major Contender and Star Performer in Payments IT Services PEAK Matrix® Assessment 2025

·         Recognised as a Major Contender and Star Performer in ServiceNow Services PEAK Matrix® Assessment 2025

·         Recognised as a Major Contender in Property and Casualty (P&C) Insurance IT Services PEAK Matrix® Assessment 2025