What was Mphasis's revenue in Q4 FY26?

Mphasis reported revenue of ₹4,243 Cr in Q4 FY26, a +7.1% change year-over-year.

Did Mphasis management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Mphasis Q4 FY26 Research Workspace: Revenue ₹4,243 Cr (+7.1%)

Q: What guidance did Mphasis management give?

FY27 Revenue Growth: High single-digit to low double-digit: Management expects to deliver high single-digit to low double-digit growth in FY27, supported by AI transformation demand and strong pipeline conversion.

Revenue ₹4,243 Cr +7.1%

EBITDA —

PAT ₹510 Cr

EBITDA Margin —

Duration 63 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Mphasis delivered a strong Q4 FY26 with constant currency revenue growth of 7.1% YoY and direct revenue growth of 9.2% YoY, driven by AI-led transformation programs. The company achieved record annual net new TCV of $2.1 billion, up 68% YoY, with 69% of the pipeline AI-tagged. BFSI vertical grew 17.4% YoY in direct revenue, while insurance surged 46.5%. EBITDA margin expanded 20 bps sequentially to 15.4%, within the target band. Management guided for high single-digit to low double-digit growth in FY27, maintaining margins at 14.75-15.75%. Key risks include macro uncertainty, potential productivity pass-through pressures, and working capital intensity from large deal ramp-ups.

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Focused Modules

!Risks 4 risks

Risk Intelligence

Macroeconomic uncertainty and client decision delays

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Quarter Snapshot

Net New TCV $2.1B

+68% YoY

Record annual net new total contract value, reflecting strong deal conversion and AI-led demand.

Pipeline Growth 2.6x initial size

+38% YoY

Pipeline reached all-time high since launch of emphasis.ai, with 69% AI-tagged.

BFSI Direct Revenue Growth 17.4% YoY

+17.4% YoY

Strong growth in banking and financial services, driven by wallet share expansion and new wins.

Insurance Direct Revenue Growth 46.5% YoY

+46.5% YoY

Robust momentum from AI-driven decisioning in underwriting, claims, and risk operations.

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Guidance and risk preview

Top guidance FY27 Revenue Growth: High single-digit to low double-digit

Management expects to deliver high single-digit to low double-digit growth in FY27, supported by AI transformation demand and strong pipeline conve...

Top risk Macroeconomic uncertainty and client decision delays

Ongoing macro and geopolitical uncertainty could lead to delayed decision cycles and project completions, as seen in the TMT vertical softness.