Debasis Mohapatra
Bengaluru, 23 Jan 2026
Mphasis posted a steady set of Q3FY26 numbers with good growth in new deal wins.
Here is a snapshot of its performance:
| Particulars | Q3FY26 | Rise/Fall YoY |
| Revenue | Rs 4,002 crore ($451 million) | 7.4% ↑ in Constant Currency (CC) term |
| Net profit | Rs 442 crore | 3.4% ↑ |
| Operating Margin | 15.2% | 10 basis points ↓ |
| New TCV wins | $428 million | 22% ↑ |
| LTM TCV | $2.1 billion | NA |
| Particulars | Contribution to Total revenue (Q3FY26) | Rise/Fall QoQ |
| Banking & Financial Services (BFS) | 52% | 2.5% ↑ (Direct) |
| Insurance | 15% | 8.1% ↑ |
| Technology, Media & Communication (TMT) | 18% | 2.3% ↓ |
| Logistics & Transportation | 5.3% | 0.4% ↓ |
Outlook:
- Expect >2X industry growth, on the back of our Q1-Q3FY26 performance and steady
conversion of strong TCV wins to revenue
̶ Steady ramp-up of large deals in upcoming quarters
- Target operating (EBIT) margin within band of 14.75% – 15.75%
- The share price of Mphasis ended 2.32% down at Rs 2,745 in NSE on Friday.
