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Mphasis Ltd

MPHASIS
NSE
2,209.90
3.43%
Last Updated:
02 Apr '26, 3:59 PM
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Mphasis Ltd

MPHASIS
NSE
2,209.90
3.43%
02 Apr '26, 3:59 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
42,169Cr
Close
Close Price
2,209.90
Industry
Industry
IT - Software
PE
Price To Earnings
23.36
PS
Price To Sales
2.75
Revenue
Revenue
15,347Cr
Rev Gr TTM
Revenue Growth TTM
10.16%
PAT Gr TTM
PAT Growth TTM
9.13%

Quarterly Results

Upcoming Results on
29 Apr 2026
Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
3,3613,2523,2773,3383,4123,4223,5363,5613,7103,7323,9024,003
Growth YoY
Revenue Growth YoY%
2.5-4.7-6.9-4.81.55.27.96.78.79.110.312.4
Expenses
ExpensesCr
2,7632,6652,6812,7372,7732,8042,8882,8833,0073,0303,1783,251
Operating Profit
Operating ProfitCr
599587596601639619648678703703724752
OPM
OPM%
17.818.118.218.018.718.118.319.018.918.818.518.8
Other Income
Other IncomeCr
435049546474596360817325
Interest Expense
Interest ExpenseCr
242434535050403936424441
Depreciation
DepreciationCr
838789103131105104132135132128143
PBT
PBTCr
534526522499522537563569591610625593
Tax
TaxCr
129130130125129133139141145168156151
PAT
PATCr
405396392374393405423428446442469442
Growth YoY
PAT Growth YoY%
3.4-1.4-6.3-9.4-3.02.18.014.513.69.210.83.4
NPM
NPM%
12.112.212.011.211.511.812.012.012.011.812.011.1
EPS
EPS
21.521.020.819.820.821.422.422.623.523.224.623.2

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
5,7956,0816,0766,5467,7318,8449,72211,96113,79913,27914,23015,347
Growth
Revenue Growth%
4.9-0.17.718.114.49.923.015.4-3.87.27.8
Expenses
ExpensesCr
4,9255,1825,1085,4836,4077,1937,9199,84411,36510,85711,58312,466
Operating Profit
Operating ProfitCr
8708999691,0621,3241,6501,8032,1182,4342,4222,6472,881
OPM
OPM%
15.014.815.916.217.118.718.517.717.618.218.618.8
Other Income
Other IncomeCr
194136223149177178133160162218255239
Interest Expense
Interest ExpenseCr
282414131781637497161166163
Depreciation
DepreciationCr
98121797176232242291325411476538
PBT
PBTCr
9388901,0991,1281,4071,5151,6311,9132,1732,0682,2602,419
Tax
TaxCr
263258308290334331414482535514558620
PAT
PATCr
6756327928381,0731,1851,2171,4311,6381,5551,7021,799
Growth
PAT Growth%
-6.425.45.828.210.42.717.614.5-5.19.55.7
NPM
NPM%
11.610.413.012.813.913.412.512.011.911.712.011.7
EPS
EPS
32.130.137.743.356.063.665.276.487.082.489.994.6

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
210210210193186187187188188189190190
Reserves
ReservesCr
5,2705,6615,9425,2895,0645,6436,3406,7557,7468,6069,4389,432
Current Liabilities
Current LiabilitiesCr
1,5171,2941,0891,4021,9942,1672,1442,9102,7984,2054,4495,821
Non Current Liabilities
Non Current LiabilitiesCr
420268761021287577299038771,131830829
Total Liabilities
Total LiabilitiesCr
7,4177,4177,3176,9857,3718,7539,39910,75611,60914,13014,90716,273
Current Assets
Current AssetsCr
3,9484,2264,4493,9464,1034,4135,1405,7165,9536,6326,9867,028
Non Current Assets
Non Current AssetsCr
3,4693,1912,8683,0393,2684,3404,2595,0405,6567,4987,9219,245
Total Assets
Total AssetsCr
7,4177,4177,3176,9857,3718,7539,39910,75611,60914,13014,90716,273

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
6167316647239501,3211,4551,7161,4622,1801,905
Investing Cash Flow
Investing Cash FlowCr
-366-158268493289141-822-282182-2,48244
Financing Cash Flow
Financing Cash FlowCr
-186-568-710-1,380-1,342-825-861-1,389-1,44077-1,756
Net Cash Flow
Net Cash FlowCr
645222-164-103637-22945204-225194
Free Cash Flow
Free Cash FlowCr
5596095496928681,1971,3291,5971,3512,0881,845
CFO To PAT
CFO To PAT%
91.4115.783.986.488.5111.5119.5119.989.3140.2111.9
CFO To EBITDA
CFO To EBITDA%
70.881.368.568.171.780.080.781.060.190.072.0

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
8,03310,29512,15916,30518,41412,39533,35863,41833,84545,13747,533
Price To Earnings
Price To Earnings
13.316.315.419.517.210.527.444.320.729.027.9
Price To Sales
Price To Sales
1.41.72.02.52.41.43.45.32.53.43.3
Price To Book
Price To Book
1.51.82.03.03.52.15.19.14.35.14.9
EV To EBITDA
EV To EBITDA
8.210.812.215.113.87.218.229.813.618.917.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
100.099.499.9100.0100.0100.0100.0100.0100.0100.0100.0
OPM
OPM%
15.014.815.916.217.118.718.517.717.618.218.6
NPM
NPM%
11.610.413.012.813.913.412.512.011.911.712.0
ROCE
ROCE%
16.314.817.419.424.624.924.126.627.921.622.6
ROE
ROE%
12.310.812.915.320.420.318.620.620.617.717.7
ROA
ROA%
9.18.510.812.014.613.512.913.314.111.011.4
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Mphasis Limited is a global information technology services and solutions provider positioned at the forefront of enterprise digital transformation. Headquartered in Bangalore, India, and a subsidiary of the NSE-listed BSE 30 company Birlasoft, Mphasis operates as an “AI-led, platform-driven” organization focused on enabling large enterprises—especially in Banking, Financial Services (BFS), Insurance, Healthcare, TMT, and Logistics—to modernize legacy systems, accelerate innovation, and scale with agility. With a strategic focus on cloud, cognitive technologies, artificial intelligence (AI), and quantum computing, Mphasis delivers end-to-end transformation through proprietary frameworks such as **Front2Back™**, **Savings-led Transformation™**, and its flagship **NeoIP™ platform**. The company serves marquee clients across North America, Europe, and the Asia-Pacific, including 13 of the top 15 U.S. retail banks and 7 of the top 10 global insurers. --- ### **Strategic Positioning & Core Philosophy** Mphasis brands itself as the **“Driver in the Driverless Car”**—a strategic enabler for enterprises navigating complex digital transitions without compromising business continuity. Its client-centric philosophy emphasizes: - **Hyper-personalized digital experiences** - **Zero-cost or self-funded transformation** - **Seamless integration of human + AI intelligence** - **Sustainability and ethical innovation** The company’s go-to-market strategy combines domain expertise, cloud-native engineering, and a “tribes and squads” agile delivery model, ensuring rapid, repeatable, and scalable execution of large transformation programs. --- ### **Artificial Intelligence Leadership (AI-Led Transformation)** #### **Mphasis.ai: Dedicated AI Business Unit** Since 2023, Mphasis has operated **Mphasis.ai**, one of the industry’s first dedicated AI units, to embed generative and agentic AI into client ecosystems. This unit integrates R&D from **NEXT Labs**, AI models, and strategic partnerships to deliver tailored, domain-specific AI solutions. - In Q1 FY26 (Jul–Sep 2025), **68% of new contract wins were AI-led**, up from 25% in Q4 FY24, reflecting strong market demand. - Over **55% of the deal pipeline** is AI-driven, with significant traction in BFS, Insurance, and Technology, Media & Telecom (TMT). - As of FY25, **$1.27 billion in Total Contract Value (TCV)** was secured in AI-led deals. #### **Proprietary AI Platforms – The Neo Series** Mphasis has developed a suite of proprietary AI platforms under the **Neo** brand, designed to transform enterprise engineering, operations, and decision-making: | Platform | Function | |--------|--------| | **NeoIP™** | AI orchestration platform powered by **Ontosphere** (dynamic knowledge graph); enables end-to-end transformation across IT and business operations via AI agent orchestration. | | **NeoZeta™** | Enterprise modernization agent that reduces COBOL/Java relearning time by **>50%**, achieving **60–70% faster execution** and **$16M+ in cost savings** for insurers. | | **NeoCrux™** | Unified engineer experience platform; boosts **developer productivity by 40%** through AI-assisted coding, automated builds, and testing. | | **NeoSaba™** | Agile business analyst agent that auto-generates user stories and requirements from business logic; accelerates product development. | | **NeoRigal™** | AI governance and orchestration layer ensuring compliance, risk management, and ethical AI deployment. | #### **AI Deployment & Impact** - **AI-led deals are delivering measurable efficiency gains**: - **60% improvement** in development and modernization efficiency. - **50% reduction** in mean time to detect and resolve IT incidents. - **3–5 hours of predictive warning** for critical system outages using anomaly detection. - For a major fintech, a **COBOL-to-cloud transformation** achieved **<30ms latency** and **<10 minutes downtime in 5 years**. - The **AI Superhighway initiative** accelerates AI adoption by moving models from PoC to production, improving deployment efficiency by **50–60%**. --- ### **Digital Transformation Frameworks** #### **Front2Back™** Leverages cloud and cognitive technologies to deliver hyper-personalized digital experiences by transforming front-end customer interfaces to back-end core systems. It enables: - Legacy modernization - API-driven integration - Real-time, event-based architectures (e.g., 1.4B accounts processed with **<40ms latency**) - BIAN and ISO 20022 standards compliance #### **Savings-led Transformation™** A self-funding model that reduces operational costs and reinvests savings into digital initiatives. Clients achieve: - **10% immediate cost clawback** for reinvestment - **40% cost savings over 7 years** - Proven results: **$35.5M saved** for a global insurance broker; **30% operations cost reduction** for a top IT provider --- ### **Quantum Computing & Emerging Tech Leadership** Mphasis is a pioneer in **enterprise quantum adoption**, launching two industry-first quantum-enabled solutions in FY25: #### **qCryptsec** - Quantum-safe cybersecurity solution - Identifies crypto-vulnerable assets and enables transition to **post-quantum cryptography (PQC)** and **Quantum Key Distribution (QKD)** - Prepares organizations for **quantum threat readiness** across supply chains #### **QOptiDecision** - Hybrid quantum-classical optimization engine - Solves complex enterprise problems in **logistics routing, wealth management, and airline operations** - Delivers faster, more accurate decisions without increasing runtime These solutions stem from investments in: - **Centre of Excellence for Quantum Technologies (London)** - **Global Centre of Excellence for Advanced Computing (Hyderabad)** - U.S. patent for **“System and Method for Optimized Processing of Information on Quantum Systems”** --- ### **Strategic Partnerships & Ecosystem** Mphasis maintains deep alliances with hyperscalers and AI innovators: - **AWS**: Gen AI Foundry, Application Development Specialization, Industry Partner of the Year (Travel & Hospitality) - **Microsoft**: Jumpstart Copilot Program, Business Applications Solution Partner, GenAI blueprint on Azure - **Google Cloud**: Managed Partner, Gemini-powered agentic engineering, Pega integration - **Specialists**: Kore.ai (conversational AI), WorkFusion (digital workers), Classiq (quantum), AgentSync (insurance compliance), Sixfold (AI underwriting) It has also commercialized **over 250 patented AI/ML models** on AWS, Azure, and Google Cloud marketplaces. --- ### **Innovation Infrastructure** #### **Centers of Excellence (CoEs)** - **Buenos Aires, Argentina**: Financial Services CoE for LATAM and North American clients; initial 50 hires, scaling to 200+. - **Hyderabad, India**: Global CoE for Advanced Computing (AI, quantum, GenAI) - **Bangalore, India**: 24/7 **Cyber Fusion Center** with AI-driven threat detection and response - **London, UK**: Quantum Tech CoE; planned 3-year headcount doubling #### **NEXT Labs & Sparkle Innovation Program** - R&D arm focused on AI, quantum, and disruptive tech - Recognized as leader in Hugging Face’s DABStep benchmark (multi-step data reasoning) - Hosts **Sparkle** innovation ecosystem with **50+ startups**, academic partners, and co-development programs - Launched **Alta**: B2B payments innovation for trade finance --- ### **Client Growth & Key Engagements (2025)** - Won a **transformation deal with a top U.S. airline** for managed cloud, AI Ops, and application rationalization. - Engaged by a **major hi-tech manufacturer** to transform its R&D Engineering Platform using AI. - Selected by a **leading U.S. wireless provider** for Salesforce development to streamline contract management. - Secured a **North American life insurer** to consolidate application and data management (ADMS) via Neo Suite platforms. - Partnering with **Flagstar Bank** to build a new data center and modernize infrastructure. - Launched **Mphasis qCryptsec and QOptiDecision** with early enterprise adopters in BFS and Logistics. --- ### **Geographic & Vertical Expansion** - **LATAM Growth**: Strategic investments in Argentina with hubs in Buenos Aires, Córdoba, and Mendoza; focused on financial services and cloud. - **Nearshore Delivery Expansion**: Increased capacity in **Canada, Mexico, Taiwan, Poland, Ecuador, and Costa Rica** to support global clients. - **Revenue Diversification**: - Emerging verticals (Healthcare, TMT, Insurance, Logistics) now account for **52% of revenue**. - **Healthcare segment grew at 53% YoY in FY23**, now a key growth vector. --- ### **Workforce & Talent Development** - **TalentNext**: AI-powered learning platform for upskilling in AI, cloud, and quantum. - Transition to **skill-based talent model** to enable cross-functional agility. - Launched **GenAI training programs** for Microsoft Copilot, GitHub Copilot, and Gemini. - Hired **>5,500 freshers in FY22**, with continued focus on AI and digital talent. --- ### **Recent Achievements & Recognitions** - **NASSCOM AI Gamechangers Award 2025** (Healthcare & Pharma – Enterprise) - **Cybersecurity Excellence Award 2025** (Identity and Access Management) - **2025 S&P Global DJSI Top 6% (94th percentile)** in corporate sustainability - **U.S. patents** granted for **Autocode.AI** and **quantum machine learning systems** - Recognized by **Everest Group**, **ISG**, and **AWS** for leadership in cloud, DevSecOps, and AI --- ### **Summary: Mphasis Today (Nov 2025)** | **Metric** | **Status** | |-----------|----------| | **AI-Led TCV Share** | 68% of new wins | | **Core Platforms** | NeoIP™, NeoZeta™, NeoCrux™, Ontosphere, qCryptsec, QOptiDecision | | **Key Verticals** | BFS, Insurance, Healthcare, TMT, Logistics, Hi-Tech | | **AI Deployment** | 250+ models on hyperscaler marketplaces | | **Quantum Leadership** | Industry-first enterprise solutions | | **Innovation Hubs** | London, Hyderabad, Bangalore, Buenos Aires | | **Strategic Alliances** | AWS, Microsoft, Google Cloud, Classiq, AgentSync | | **Differentiator** | AI orchestration + human-in-the-loop + self-funding transformation |