Mphasis Ltd

Mphasis Q3 FY2026 Results: $428M in New Deals, Strong Growth in BFS & Insurance 📈

- Q3 FY2026 revenue: $451 million with 1.5% sequential growth and 7.4% YoY growth in constant currency

- Direct business contributed 98% of revenue, growing 1.9% sequentially and 9.6% YoY

- Net new TCV wins: $428 million with 4 large deals, including 2 deals exceeding $50 million each

- LTM TCV reached $2.1 billion, doubling over the last 4 quarters

- BFS vertical grew 14.8% YoY overall, with Direct BFS up 18% YoY

- Insurance vertical grew 36.6% YoY in constant currency

- EBIT margin remained stable at 15.2%

- Operating profit: INR 6,089 million, up 11.6% YoY

- Management expects Q4 to be strongest sequential growth quarter

- Maintains EBIT margin guidance of 14.75% to 15.75%