MphasiS Limited — Investor Meet, 29-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mphasis reported Q1 FY26 revenue of $437 million, up 6.5% YoY (constant currency), with Direct business growing 8.1% YoY. EBIT margin remained stable at 15.3%. The company achieved its highest-ever TCV wins of $760 million, with 68% being AI-led, driving a record pipeline. Growth was strong in BFS, Insurance, and TMT verticals. Management expects FY26 growth to be ~2X industry average, fueled by robust deal conversions and AI-driven initiatives. Despite a temporary impact on cash flow from delayed collections, the management remains confident in their strategic execution.