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Earnings Call

Mphasis Earnings Call: Key Takeaways

Mphasis delivered steady Q3 results with record TCV doubling YoY. While the AI-led pipeline is robust, rising debt and DSO suggest underlying working capital friction despite stable margins.

Highlights
Revenue growth7.4% YoY CC growth; Direct business up 9.6% YoY.
MarginsEBIT stable at 15.2%, within guided 14.75%-15.75% range.
Order book$428M Q3 TCV; LTM TCV doubled to $2.1B.
Demand visibilityStrong; 69% of record pipeline is now AI-led.
Management confidenceOptimistic, emphasizing AI-led Neo-IP platform as a key differentiator.

Growth

Revenue grew 7.4% YoY in constant currency; BFS and Insurance segments surged 18% and 36% respectively.

Outlook

Q4 expected to be the strongest quarter; targeting growth at 2x industry average.

Risks

Rising debt and DSO (91 days) indicate working capital pressure; AI deals have slower revenue conversion cycles.

Source

Earnings Call filed with BSE, NSE: MPHASIS. Summary written with AI assistance from the document.

Read the document ↗

Mphasis Ltd: key numbers

Share price
₹2,237.50
Market cap
₹42,530 Cr
Revenue (annual)
₹15,880 Cr
Net profit (annual)
₹1,863 Cr
P/E (TTM)
22.3×Sector 21.9×
Promoter holding
30.54%-0.01% QoQ
FII holding
19.50%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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