Q4 2026 Mphasis Ltd Earnings Call Transcript
Key Points
- Mphasis Ltd (BOM:526299) achieved its highest-ever annual net new TCV of over USD2.1 billion, representing a 68% increase year on year.
- The company's direct business continues to be the primary driver of growth, with direct revenues for the quarter at $456 million, contributing to 98.6% of total revenue.
- Mphasis Ltd (BOM:526299) reported strong pipeline growth, with a 38% year-on-year increase, and 69% of the pipeline is AI-led.
- The BFS segment led with an 89% increase in pipeline growth, complemented by continued expansion across non-BFS sectors.
- The company maintained a stable EBIT margin of 15.3% for the full year, with Q4 FY26 EBIT margin expanding by 20 basis points sequentially to 15.4%.
- The ITO Service Line declined 21.6% year on year, reflecting a strategic decision to scale down non-core ATM business.
- The TMT verticals experienced near-term softness due to project completions and delayed decision cycles amid macro and geopolitical uncertainty.
- Operating cash flow for the quarter was temporarily impacted by approximately $17 million due to system-related delays in customer remittances.
- Despite strong growth in BFSI, the logistics vertical has been hovering around $24 million for the past three quarters, indicating stagnation.
- The company faces ongoing macroeconomic uncertainty, which could impact future growth and investment decisions.
Good morning, ladies and gentlemen. Thanks for joining the Mphasis -- good morning, ladies and gentlemen. Thanks for joining the Mphasis Q4 FY 2026 earnings conference call.
I'm Nirav, your moderator for the day. We have with us today, Mr. Nitin Rakesh, CEO of Mphasis; Mr. Aravind Viswanathan, CFO; and Mr. Vinay Kalingara, Head of Investor Relations.
As a reminder, there is a webcast link in the call invite mail that the Mphasis management team will be referring to today. The presentation is also available on the Mphasis website www.mphasis.com, in the Investor section under financial and filing, as well as both BSE and NSE websites, requested to have the presentation handy. (Operator Instructions) Please note that this conference is being recorded.
Before we begin, I would like to state that some of the statements made in today's discussion may be forward-looking in nature, and may [sudden Wes current] uncertainties. A detailed statement in this regard is available in the Q4 results released, that was sent out to
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