Company Overview
Mphasis Limited reported strong financial performance for FY 2025-26 with consolidated revenue of ₹158.8 billion, representing 11.6% year-over-year growth, and net profit of ₹18.6 billion. The Board recommended a final dividend of ₹62 per equity share, subject to shareholder approval at the 35th Annual General Meeting scheduled for July 23, 2026.
Financial Performance
Consolidated Results: Revenue reached ₹158,796 million with profit before tax of ₹25,093 million and net profit of ₹18,626 million. Basic EPS stood at ₹97.82 with diluted EPS of ₹97.54. The company reported exceptional expenses of ₹354.77 million related to changes in labor laws.
Standalone Results: Revenue from operations was ₹94,671 million with profit after tax of ₹14,024 million and basic EPS of ₹73.65. Total equity stood at ₹64,743 million with current investments of ₹10,405 million and trade receivables of ₹28,745 million.
Corporate Actions and AGM
The company will hold its 35th AGM on July 23, 2026, through video conferencing to seek approval for several resolutions including:
- Adoption of financial statements and declaration of final dividend
- Re-appointment of directors including Mr. Kabir Mathur and Mr. Pankaj Sood who retire by rotation
- Re-appointment of Ms. Maureen Anne Erasmus as Independent Director for a second term
- Re-appointment of Mr. Nitin Rakesh as CEO & Managing Director for five years from October 1, 2026, to September 30, 2031, with compensation including USD 1 million annual salary and target bonus of USD 1 million
Record date for dividend is July 8, 2026, with payment expected on or before August 21, 2026. Remote e-voting will be available from July 18-22, 2026.
Business Growth and Acquisitions
Mphasis demonstrated strong AI-led growth with 69% of its pipeline being AI-driven and total contract value wins of USD 2.1 billion. The company completed several strategic acquisitions:
- EDZ (cyber security business) for ₹1,396 million on October 10, 2024
- tsQs Inc (software testing business) for ₹2,267 million on February 12, 2025
- Locate Software Inc (digital transformation management) for ₹737 million on September 1, 2025
- 26% stake in Aokah, Inc. for ₹355 million on July 3, 2025
- Theory and Practice Business Intelligence Inc. for up to ₹2,033 million on April 21, 2026
Segment performance showed Banking & Financial Services contributing 52% of revenue with 21.3% growth, while Insurance segment grew 44.5%. Geographically, Americas accounted for 84% of revenue.
ESG and Sustainability Initiatives
The company maintained strong ESG performance with CDP score improvement from C to B and commitment to Science Based Targets initiative. Environmental highlights include 58.58% renewable energy consumption, 7.03% reduction in GHG emissions, and water conservation initiatives saving 25.3 crore liters annually. Social initiatives included ₹413.21 million CSR expenditure, diversity metrics showing 34.68% women workforce, and comprehensive employee training programs.
Regulatory and Compliance Matters
Auditors BSR & Co. LLP issued an unqualified opinion on both consolidated and standalone financial statements but included an adverse remark in the CARO report for the holding company under Clause (xiv)(b). The company transitioned to concessional tax rate of 25.168% under Section 115BAA of Income Tax Act. Contingent liabilities include direct tax disputes of ₹34,043 million and indirect tax disputes of ₹261 million.
Shareholding and Corporate Structure
Promoter holding stands at 30.55% through Blackstone Group's BCP Topco IX Pte Ltd, with public holding at 69.45%. The company has 43 subsidiaries (39 overseas) and 1 associate company. Employee strength was 23,462 permanent employees as of March 31, 2026, with attrition rate of 34.99%.
Subsequent Events and Outlook
The company completed acquisition of OKIN Process, Inc. business process outsourcing services on April 6, 2026, for up to ₹522 million. Credit rating agency ICRA reaffirmed [ICRA]AA+(Stable)/[ICRA]A1+ for ₹1,600 crore facilities. The revised annual report includes Chairman's statement and is available on the company website.