M

Mphasis Ltd

Q1 FY27

Mphasis Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹2,500
Market cap₹47.7K Cr
P/E24.7
Updated16 Oct 2026
Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueSlow growth
MarginMargins steady
CapexCapex planned
Order bookOrder book rising

The short version

Q2 FY27 is positioned to deliver the best sequential constant currency growth in three years. Q2 FY27 is positioned to deliver the best sequential constant currency growth in three years.

From Mphasis Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Slow growth
  • Q2 FY27 is positioned to deliver the best sequential constant currency growth in three years.
  • FY27 guidance maintained at high single-digit to low double-digit revenue growth in constant currency.
  • Pipeline at an all-time high, with net new TCV for Q1 at $461 million, marking the fifth consecutive quarter above $400 million.
  • 63% of Q1 TCV wins were AI-led, indicating strong growth in AI-driven deals.
  • BFS segment shows stable and consistent growth with over 3.5% compound quarterly growth rate across eight quarters.
  • Insurance is expected to be a key growth driver through FY27 despite some recent sequential dips.
  • Americas remain the primary growth engine with strong sequential and YoY growth.

2 more points from Mphasis Ltd's call on revenue

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Profitability & Margins

See what Mphasis Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Certain large deals won have necessitated capital investment spread over 12 to 18 months, impacting near-term cash flow (FY27).
  • These investments are linked to transitioning into large deals, managed services, and outcome-based contracts.
  • Capital investment upfront is not always immediate but occurs gradually as part of deal execution.
  • Once stabilized, these deals begin generating incremental cash, recovering initial investments.
  • The company expects normalization of capital investment impact starting FY28.
  • No significant transaction-related acquisition costs incurred recently, indicating disciplined capital deployment.

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Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
  • Total pipeline grew 8% sequentially and 28% YoY.
  • Non-BFS pipeline grew 18% sequentially.
  • Large deals pipeline (> $20 million) grew 10% sequentially.
  • BFS pipeline grew 100% YoY, showing strong financial services positioning.
  • Net new TCV for the quarter was $461 million, with trailing-twelve-month TCV over $1.8 billion.
  • Closed three large deals in Q1, including one exceeding $100 million.
  • 63% of Q1 TCV wins were AI-led.
  • The TCV-to-revenue conversion pace remained steady.
  • Backlog strength from prior quarters supports in-quarter revenue.

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Mphasis Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹4.2K Cr, net profit ₹510 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Mphasis Ltd Q1 FY27 results?

Q2 FY27 is positioned to deliver the best sequential constant currency growth in three years. Q2 FY27 is positioned to deliver the best sequential constant currency growth in three years.

What is Mphasis Ltd share price analysis?

Mphasis Ltd currently shows a neutral. The stock trades at a P/E of 24.6 with a market cap of ₹47,737 Cr. Investors should review the full earnings analysis for detailed insights.

Is Mphasis Ltd planning capital expenditure?

Certain large deals won have necessitated capital investment spread over 12 to 18 months, impacting near-term cash flow (FY27).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.