Shares of Mphasis Ltd surged 4.30% to ₹2,767.70 in Friday’s session following the company’s Q1FY26 earnings release. The stock rose ₹114.20 from its previous close of ₹2,653.50, pushing its market capitalization to ₹524.89 billion.
The IT services major posted an 8.4% year-on-year growth in net profit to ₹441.73 crore for Q1FY26. However, on a sequential basis, the PAT saw a slight decline of 1.1% from ₹446 crore in Q4FY25. Revenue from operations rose marginally by 0.6% QoQ to ₹3,732 crore, compared to ₹3,710 crore last quarter.
Earnings before interest and tax (EBIT) stood at ₹571 crore, up 0.7% from ₹567 crore in Q4, with EBIT margins steady at 15.3%.
A key highlight was Mphasis’ record total contract value (TCV) of $760 million in Q1, marking a 138% YoY increase—the highest-ever TCV secured by the company in a single quarter. The company bagged four large deals during the period, including three above $100 million and one exceeding $50 million, led by demand in BFSI and TMT sectors.
Notably, 68% of the deal wins were AI-led, indicating Mphasis’ growing focus on artificial intelligence solutions. The company also reported 79 large deals in Q1FY26, up from 65 a year ago.
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