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Earnings Call

Mphasis Earnings Call: Key Takeaways

Mphasis faces a transitional phase with falling revenues due to macro headwinds, while aggressively pivoting toward Gen-AI to offset legacy application decline.

Guidance and delivery
Management target Revenue FY25
Highlights
Revenue growthFY24 revenue declined 3.7% YoY due to macro volatility.
MarginsPressure from acquisition costs and reduced topline execution.
Order bookStrong TCV wins of $1.38 billion achieved in FY24.
Demand visibilityVisibility limited by cautious client spending on legacy IT programs.
Management confidenceBalanced; focused on tech evolution despite challenging macro environment.

Growth

Revenue dropped 3.7% YoY in FY24 (6.5% constant currency) as clients tightened IT spending.

Outlook

Management targets scaling the Mphasis.ai unit and maintaining steady margins through cost optimization initiatives.

Risks

High acquisition costs and legal/professional fees impacting short-term profitability and operating margins.

Source

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

Read the document ↗

Mphasis Ltd: key numbers

Share price
₹2,234.00
Market cap
₹42,463 Cr
Revenue (annual)
₹15,880 Cr
Net profit (annual)
₹1,863 Cr
P/E (TTM)
22.2×Sector 22.1×
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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