Mphasis Q1 Profit Rises 11%; FY27 Guidance Unchanged

Mphasis, an IT services company, reported its financial results for the first quarter of the fiscal year 2027.

The company's net profit increased by 10.82% compared to the same period last year, reaching Rs 489.51 crore.

Revenue from operations also grew by 17.46% year-on-year to Rs 4,384.05 crore.

Despite a slight decline in net profit on a sequential basis, Mphasis maintained its growth guidance for the fiscal year 2027, expecting high single-digit to low double-digit revenue growth.

The company also reported strong performance across major verticals, with the Technology, Media, and Telecom (TMT) business delivering the strongest performance.

Mphasis won three large deals during the quarter, including one worth over $100 million, and its trailing 12-month total contract value (TCV) crossed $1.8 billion.

The company's pipeline reached a record level, growing 8% sequentially and 28% year-on-year, supported by broad-based demand across industries and service lines.