Mphasis Reports Q1 FY27 Results: Revenue Climbs 3.3% QoQ; Total Contract Wins Reach USD 461 Million

Mphasis Reports Q1 FY27 Results: Revenue Climbs 3.3% QoQ; Total Contract Wins Reach USD 461 Million​

Mphasis Limited, a global AI-led technology solutions provider, announced its financial results for the quarter ended June 30, 2026. The company reported strong growth in revenue and noted significant TCV wins across major industry verticals.

The board of directors approved the audited standalone and consolidated financial results at its meeting held on July 23, 2026, alongside the Auditor's Reports issued by M/s B S R & Co. LLP.

Financial Performance Highlights​

For the quarter ended June 30, 2026, revenue grew by 1.8% sequentially in constant currency and 7.7% year over year (YoY) in USD terms, while reported revenue increased by 3.3% QoQ and 17.5% YoY.

The company maintained strong growth momentum on the pipeline front, reporting New TCV wins totaling USD 461 Million in Q1 FY27, with 63% of these being AI-led. Gross margin for the quarter stood at 26.9%, a decline of 140 basis points (bps) QoQ and 200 bps YoY. The operating margin was reported at 14.8%, which declined by 60 bps QoQ and 50 bps YoY. Net margin stood at 11.2%, reflecting an 80 bps QoQ decline and a 60 bps YoY decline. Earnings per share (EPS) for Q1 FY27 was ₹ 25.6, marking a 4.0% sequential decline and a 10.4% increase on a YoY basis.

Financial Data Summary​

The following tables provide audited financial results for the company and its consolidated operations, based on amounts in million, except where otherwise stated.

Consolidated Audited Financial Results (Amounts in million)

Standalone Audited Financial Results (Amounts in million)

Key Deal Wins and Partnerships​

Mphasis secured several significant new contracts across various sectors:

• Retail and Commerce: The company entered into an agreement with a Tier 1 global technology company to support an Online Store, Retail, Commerce, Data Platforms, Enterprise Technology Platforms, and Quality Engineering (QE) organizations. This engagement aims to drive operational excellence and enhance platform performance.
• Telecommunications: A Tier 1 US-based Telecom leader selected Mphasis to transform and optimize enterprise business operations through AI-driven initiatives focused on cost reduction, process automation, and value realization.
• Investment Banking: A Top-tier Investment Bank chose Mphasis for strategic programs covering crypto, tokenization, and multi-currency capability build out. This partnership reinforces the company's standing in Application Modernization, AI, Data, Quality Engineering, and Business Ops.
• Banking Modernization: A top US bank engaged Mphasis to modernize its Fraud and Claims operations, Banking Operations, and Retail Core functions.

Analyst Recognition and Awards​

Mphasis has received several industry recognitions:

• The company won the Silver Award at the ETHR Future Skills Awards for the People Manager Certification (PMC) program.
• It was featured in Forrester's The Business Process Outsourcing Services Landscape, Q2 2026.
• Mphasis was recognized as a Major Contender in Everest Group's Healthcare Payer Digital Services PEAK Matrix® Assessment 2026 and Agentic Process Automation (APA) Solutions PEAK Matrix® Assessment 2026.
• The company was positioned in Horizon 1 by HFS in both the Data Modernization and AI, 2026 report, and Financial Crime Compliance (FCC) in Financial Services, 2026.

Nitin Rakesh, CEO & Managing Director of Mphasis, stated, "We are pleased with the momentum as we enter the financial year, and the early market acceptance of Mphasis Tria TM, which has elevated us to a platform-led AI partner for enterprise clients. Q1 FY27 was a strong start, with revenue growth of 2.1% sequentially in constant currency, with strong pipeline and TCV wins."

MPHASIS Stock Price Movement​

On Thursday, MphasiS Limited saw its stock tumble by 1.58%, closing the day at ₹2232.40. The equity traded throughout the session on a volume of 559,481 shares.