Archive · 25 Jul 2026
Mphasis Maintains FY27 Growth Guidance; Brokerages Keep Buy Ratings
Mphasis, an IT services company, reported its Q1 FY27 results, showing good revenue growth and strong deal wins over the past five quarters.
Two brokerages, Nuvama Institutional Equities and Elara Capital, both kept their 'Buy' ratings but had different target prices.
Nuvama kept its target price at Rs 3,200, while Elara lowered its target to Rs 2,740.
The company's stock price went up by 1.88% to close at Rs 2,274.15 on Friday.
The company's strong pipeline and order book are expected to support future revenue growth.
Mphasis reported Q1 FY27 revenue of $471 million, up 2.1% QoQ and 8.3% YoY in constant currency.
EBIT margins were 14.8%, down 60 basis points QoQ, slightly below estimates.
TCV was strong at $461 million, up 13% QoQ and down 39% YoY.
Nuvama Institutional Equities retained a 'Buy' rating with a target price of Rs 3,200.
Elara Capital maintained a 'Buy' call but lowered its target price to Rs 2,740 from Rs 2,845.
Mphasis shares rose 1.88% to close at Rs 2,274.15 on Friday.
- Who
- Mphasis Ltd, Nuvama Institutional Equities, Elara Capital
- What
- Mphasis maintained FY27 growth guidance; brokerages reiterated 'Buy' ratings
- When
- After Q1 FY27 results
- Where
- Global markets
- Why
- Strong deal wins and healthy order book
Nuvama Institutional Equities
Elara Capital
Target Price
Nuvama Institutional Equities
Retained 'Buy' rating with a 12-month target price of Rs 3,200
Elara Capital
Maintained 'Buy' call but lowered target price to Rs 2,740 from Rs 2,845
- Revenue
- $471 million in Q1
- Revenue Growth
- 2.1% QoQ and 8.3% YoY in constant currency
- EBIT Margins
- 14.8%, down 60 basis points QoQ
- TCV
- $461 million, up 13% QoQ and down 39% YoY
- Deal Wins
- Strong deal wins over the past five quarters
- Pipeline Growth
- 2.8x since Q2 FY24
- Order Book
- Above $400 million in the past five consecutive quarters; LTM order book at $1.8 billion
- Stock Price
- Rs 2,274.15 as of Friday