| Management target | Revenue 10.0% FY27 |
|---|
| Revenue growth | 8.3% YoY growth in constant currency; 2.1% sequential growth. |
|---|---|
| Margins | EBITDA margin at 15.0%, impacted by acquisition and ramp-up costs. |
| Order book | Q1 TCV at $461M; fifth consecutive quarter above $400M. |
| Demand visibility | Strong pipeline at $2.8x previous size; TMT and BFSI recovering. |
| Management confidence | High; emphasizing AI-led deals and strong pipeline conversion. |
Growth
Revenue grew 8.3% YoY in constant currency, driven by the Americas and BPO segments.
Outlook
Projecting best sequential CC growth in three years for Q2; FY27 growth high-single to low-double digits.
Risks
Margin compression due to acquisition costs and lower utilization; macro volatility in logistics/transportation.
Last quarter's promises, checked
Delivered
- Guided 'better-than-industry' growth → delivered 6.7% FY26 CC growth (= BEAT)
- Guided 14.75%-15.75% EBIT margin → delivered 15.3% FY26 EBIT margin (= BEAT)
- Guided ~80% OCF/Net Income conversion → delivered ~80% FY26 conversion (= BEAT)
Partly delivered
- Guided TMT recovery → delivered 16.4% QoQ growth but noted prior softness (= PARTIAL)
Missed
- Guided ITO service line growth → delivered 21.6% YoY decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: MPHASIS. Summary written with AI assistance from 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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