Mphasis Q1 FY27 Results: Net Profit Rises 11% to ₹490 Crore; Revenue Grows 17%

Mphasis reported a strong financial performance for the first quarter of FY27, with higher revenue and profit supported by strong deal wins and growing demand for AI-led services. The company also retained its growth outlook for the full financial year despite global economic uncertainties.

Net Profit and Revenue Increase

The company reported a net profit of ₹489.51 crore in Q1 FY27, up 10.8% from ₹441.71 crore in the same quarter last year.

Revenue from operations rose 17.5% year-on-year to ₹4,384.05 crore, compared with ₹3,732.49 crore in Q1 FY26.

On a quarter-on-quarter basis, revenue increased 3.3%, while net profit declined 3.9%.

FY27 Guidance Remains Unchanged

Mphasis maintained its FY27 outlook and continues to expect high single-digit to low double-digit revenue growth.

The company also retained its operating margin guidance of 14.75% to 15.75% and expects around 80% of its net income to be converted into operating cash flow.

Management expects Q2 FY27 to deliver the strongest sequential revenue growth in constant currency terms in the last 3 years, with growth expected across multiple business segments.

AI-Led Deals Drive Business Growth

During the quarter, Mphasis secured 3 large deals, including one contract worth more than $100 million.

Its trailing 12-month Total Contract Value (TCV) crossed $1.8 billion, with 63% of new deal wins driven by artificial intelligence (AI).

The company also reported a record deal pipeline, which increased 8% sequentially and 28% year-on-year, reflecting healthy demand across industries.

Operating Margin Stays Within Guidance

Mphasis reported an operating margin of 14.8% during the quarter.

The margin remained within the company's guided range despite additional costs related to acquisitions.

Performance Across Business Segments

The Technology, Media and Telecom (TMT) business delivered the strongest performance, recording 16.4% sequential growth and 13.6% year-on-year growth.

The Banking and Financial Services (BFS) segment grew 0.8% quarter-on-quarter and 9.4% year-on-year, while the Insurance business recorded 17.8% annual growth.

The Others segment, which includes retail, also performed well with 5.2% sequential growth, supported by new client wins.

Mphasis Share Price Movement

As of July 24, 2026, Mphasis share price (NSE: MPHASIS) closed at ₹2,282.00 on the NSE, gaining 2.22% (₹49.60) for the day. The stock opened at ₹2,247.00, touched an intraday high of ₹2,340.00, and a low of ₹2,192.10. Mphasis has a market capitalisation of ₹43,560 crore, trades at a price-to-earnings (P/E) ratio of 23.40, and has a 52-week high of ₹3,037.20.

Conclusion

Mphasis delivered a healthy start to FY27 with double-digit growth in revenue and profit, backed by strong AI-led deal wins and an expanding order pipeline. 

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