Mphasis Limited — Quarter ended 31 March 2026 (year ended 31 March 2026)
The following tables are extracted from the provided quarterly results document (amounts in ₹ million unless otherwise stated).
| Particulars | Quarter ended 31 March 2026 (refer note 12) | Quarter ended 31 December 2025 | Quarter ended 31 March 2025 (refer note 12) | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|---|---|---|
| Revenue from operations | 42,426.68 | 40,025.79 | 37,100.41 | 158,796.47 | 142,299.87 |
| Other income | 1,079.17 | 623.82 | 599.55 | 3,258.90 | 2,550.01 |
| Total income (I) | 43,505.85 | 40,649.61 | 37,699.96 | 162,055.37 | 144,849.88 |
| Employee benefits expense | 23,076.14 | 22,239.15 | 21,076.18 | 89,187.10 | 81,446.59 |
| Finance costs | 773.38 | 41.26 | 360.67 | 2,040.58 | 1,655.01 |
| Depreciation and amortization expense | 1,527.96 | 1,428.52 | 1,353.46 | 5,552.73 | 4,763.37 |
| Other expenses | 11,297.96 | 10,269.82 | 8,998.64 | 39,775.50 | 34,383.48 |
| Total expenses (II) | 36,675.44 | 34,348.75 | 31,788.95 | 136,555.91 | 122,248.45 |
| Profit before share of loss of equity accounted investees | 6,830.41 | 6,300.86 | 5,911.01 | 25,499.46 | 22,601.43 |
| Share of loss of equity accounted investees, net of tax (III) | 17.24 | 15.14 | – | 52.04 | – |
| Profit before exceptional items and tax | 6,813.17 | 6,285.72 | 5,911.01 | 25,447.42 | 22,601.43 |
| Impact of change in labour laws | – | 354.77 | – | 354.77 | – |
| Profit before tax (V) [I-II-III-IV] | 6,813.17 | 5,930.95 | 5,911.01 | 25,092.65 | 22,601.43 |
| Current tax | 1,158.70 | 1,626.97 | 1,137.24 | 6,425.90 | 5,535.16 |
| Deferred tax | 558.07 | (117.87) | 308.85 | 40.73 | 44.88 |
| Total tax expense | 1,716.77 | 1,509.10 | 1,446.09 | 6,466.63 | 5,580.04 |
| Profit for the period (A) | 5,096.40 | 4,421.85 | 4,464.92 | 18,626.02 | 17,021.39 |
| Re-measurement gains/(losses) on defined employee benefit plans | 7.20 | (7.95) | (36.02) | (22.72) | (95.85) |
| Income tax effect on the above | (1.88) | 2.00 | 9.22 | 6.07 | 23.76 |
| Exchange differences on translation of financial statements of foreign operations | 2,048.10 | 507.36 | 280.50 | 4,838.36 | 858.87 |
| Net change in fair value of derivatives designated as cash flow hedges | (2,123.85) | (121.57) | 591.89 | (3,533.19) | (294.32) |
| Income tax effect on fair value of derivatives designated as cash flow hedges | 534.53 | 30.59 | (148.96) | 889.23 | 74.08 |
| Net change in fair value of investments in debt instruments carried at fair value through OCI | (51.20) | (2.40) | (5.31) | (51.10) | 5.25 |
| Income tax effect on fair value of investments in debt instruments | 12.89 | 0.60 | 0.88 | 12.86 | (1.31) |
| Total OCI for the period, net of tax (B) | 425.79 | 408.63 | 692.20 | 2,139.51 | 570.48 |
| Total comprehensive income for the period (A+B) | 5,522.19 | 4,830.48 | 5,157.12 | 20,765.53 | 17,591.87 |
| Equity owners of the Company (Profit for the period) | 5,096.40 | 4,421.85 | 4,464.92 | 18,626.02 | 17,021.39 |
| Non-controlling interests (Profit for the period) | – | – | – | – | – |
| Equity owners of the Company (OCI for the period) | 425.79 | 408.63 | 692.20 | 2,139.51 | 570.48 |
| Non-controlling interests (OCI for the period) | – | – | – | – | – |
| Equity owners of the Company (Total comprehensive income) | 5,522.19 | 4,830.48 | 5,157.12 | 20,765.53 | 17,591.87 |
| Non-controlling interests (Total comprehensive income) | – | – | – | – | – |
| Equity share capital | 1,908.27 | 1,905.65 | 1,900.84 | 1,908.27 | 1,900.84 |
| Other equity | 105,528.85 | 99,759.96 | 94,383.12 | 105,528.85 | 94,383.12 |
| Basic (₹) | 26.73 | 23.22 | 23.51 | 97.82 | 89.87 |
| Diluted (₹) | 26.68 | 23.13 | 23.41 | 97.54 | 89.36 |
| Particulars | As at 31 March 2026 | As at 31 March 2025 |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 1,932.54 | 1,771.09 |
| Capital work-in-progress | 0.58 | 1.82 |
| Right-of-use assets | 6,983.61 | 6,444.73 |
| Goodwill | 47,676.84 | 42,907.06 |
| Other intangible assets | 7,761.64 | 6,691.92 |
| Equity accounted investees | 324.66 | – |
| Financial assets | ||
| – Investments | 4,154.45 | 4,237.77 |
| – Trade receivables | 2,790.77 | 3,196.76 |
| – Other financial assets | 2,115.14 | 1,752.33 |
| Deferred tax assets (net) | 4,347.89 | 3,246.10 |
| Other tax assets (net) | 9,575.09 | 7,966.91 |
| Other assets | 7,485.24 | 988.60 |
| Total non-current assets | 95,148.45 | 79,205.09 |
| Current assets | ||
| Financial assets | ||
| – Investments | 13,211.61 | 17,844.25 |
| – Trade receivables | 41,927.22 | 28,407.25 |
| – Cash and cash equivalents | 11,229.22 | 9,863.45 |
| – Bank balances other than cash and cash equivalents | 6,297.86 | 6,262.35 |
| – Loans | 108.94 | 385.56 |
| – Other financial assets | 1,481.79 | 1,600.39 |
| Other assets | 8,414.15 | 5,497.95 |
| Total current assets | 82,670.79 | 69,861.20 |
| TOTAL ASSETS | 177,819.24 | 149,066.29 |
| EQUITY AND LIABILITIES | ||
| EQUITY | ||
| Share capital | 1,908.27 | 1,900.84 |
| Other equity | 105,528.85 | 94,383.12 |
| Total equity | 107,437.12 | 96,283.96 |
| LIABILITIES | ||
| Non-current liabilities | ||
| Financial liabilities | ||
| – Lease liabilities | 6,099.87 | 5,839.58 |
| – Other financial liabilities | 1,600.29 | 305.16 |
| Provisions | 857.01 | 527.46 |
| Deferred tax liabilities (net) | 1,729.45 | 1,623.03 |
| Total non-current liabilities | 10,286.62 | 8,295.23 |
| Current liabilities | ||
| Financial liabilities | ||
| – Borrowings | 17,928.85 | 11,159.43 |
| – Lease liabilities | 2,168.04 | 1,883.22 |
| – Trade payables | ||
| — outstanding dues to micro and small enterprises | 54.70 | 35.16 |
| — outstanding dues to creditors other than micro and small enterprises | 13,513.13 | 9,749.51 |
| – Other financial liabilities | 17,726.22 | 13,189.28 |
| Other liabilities | 3,022.96 | 2,624.38 |
| Provisions | 2,815.08 | 3,107.87 |
| Current tax liabilities (net) | 2,866.52 | 2,738.25 |
| Total current liabilities | 60,095.50 | 44,487.10 |
| TOTAL EQUITY AND LIABILITIES | 177,819.24 | 149,066.29 |
| Description | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|
| Operating activities | ||
| Profit before tax | 25,092.65 | 22,601.43 |
| Depreciation and amortization expense | 5,552.73 | 4,763.37 |
| Profit on sale of property, plant and equipment and intangible assets | (13.24) | (17.97) |
| Net gain on investments carried at fair value through profit and loss | (933.26) | (1,527.32) |
| Share based payment expenses | 477.31 | 571.53 |
| Share of loss of equity accounted investees, net of tax | 52.04 | – |
| Provision /(reversal) of expected credit loss | (174.57) | 892.06 |
| Finance costs | 2,040.58 | 1,655.01 |
| Interest income | (2,041.67) | (927.23) |
| Gain on lease modifications | (0.28) | (24.95) |
| Provision for other assets | – | 279.33 |
| Unrealized exchange (gain) / loss, net | (1,335.57) | 239.02 |
| Operating profit before changes in operating assets and liabilities | 28,716.72 | 28,504.28 |
| Trade receivables | (9,048.58) | (5,225.11) |
| Loans | 287.19 | (41.39) |
| Other financial assets | 415.29 | (120.06) |
| Other assets | (8,001.35) | 559.29 |
| Trade payables | 2,786.52 | 1,651.14 |
| Other financial liabilities | 4,439.66 | 1,321.34 |
| Other liabilities | 159.27 | (503.84) |
| Provisions | (224.33) | 17.48 |
| Total changes in operating assets and liabilities | (9,186.33) | (2,341.15) |
| Income tax paid (net of refunds) | (6,997.58) | (7,111.11) |
| Net cash flows generated from operating activities (A) | 12,532.81 | 19,052.02 |
| Investing activities | ||
| Purchase of property, plant and equipment and intangible assets | (3,185.05) | (618.39) |
| Proceeds from sale of property, plant and equipment and intangible assets | 22.44 | 19.71 |
| Purchase of investments | (84,828.02) | (90,992.09) |
| Sale of investments | 90,316.82 | 101,478.52 |
| Investment in equity accounted investees | (355.17) | – |
| Interest received | 974.94 | 463.26 |
| Payment of consideration/ deferred consideration for business acquisitions | (4,319.18) | (2,799.75) |
| Investments in bank deposits | (6,580.17) | (7,133.94) |
| Redemption / maturity of bank deposits | 5,846.76 | 23.26 |
| Net cash flows (used in) / generated from investing activities (B) | (2,106.63) | 440.58 |
| Financing activities | ||
| Proceeds from issue of shares | 340.07 | 575.47 |
| Repayment of borrowings | (11,608.16) | (20,836.44) |
| Availment of borrowings | 16,585.58 | 16,381.84 |
| Interest paid | (1,324.49) | (963.59) |
| Repayment of lease liabilities | (2,060.35) | (1,755.04) |
| Interest on repayment of lease liabilities | (523.87) | (558.35) |
| Dividends paid | (10,841.27) | (10,400.99) |
| Net cash flows used in financing activities (C) | (9,432.49) | (17,557.10) |
| Net increase in cash and cash equivalents (A+B+C) | 993.69 | 1,935.50 |
| Effect of exchange rate changes | 372.08 | (121.19) |
| Cash and cash equivalents at the beginning of the year | 9,863.45 | 8,049.14 |
| Cash and cash equivalents at the end of the year | 11,229.22 | 9,863.45 |
| Particulars | Quarter ended 31 March 2026 (refer note 5) | Quarter ended 31 December 2025 | Quarter ended 31 March 2025 (refer note 5) | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|---|---|---|
| Revenue from operations | 24,541.35 | 24,088.29 | 22,483.17 | 94,671.23 | 92,710.47 |
| Other income | 397.41 | 372.40 | 440.89 | 1,857.66 | 1,784.79 |
| Total income (I) | 24,938.76 | 24,460.69 | 22,924.06 | 96,528.89 | 94,495.26 |
| Employee benefits expense | 8,142.79 | 7,714.75 | 7,328.72 | 31,117.25 | 28,140.85 |
| Finance costs | 143.39 | 141.91 | 154.90 | 601.59 | 744.56 |
| Depreciation and amortization expense | 487.05 | 456.54 | 444.62 | 1,815.56 | 1,893.90 |
| Other expenses | 11,177.21 | 11,263.97 | 10,464.40 | 43,887.23 | 43,611.86 |
| Total expenses (II) | 19,950.44 | 19,577.17 | 18,392.64 | 77,421.63 | 74,391.17 |
| **Profit before exceptional items and tax |