# MPHASIS (MPHASIS) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/mphasis

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹2,300.4
- Change: -0.84%
- As of: 2026-09-18
- 1D return: -0.84%
- 5D return: +0.38%
- 1M return: -5.33%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, MPHASIS is trading below key moving averages across daily, weekly, and monthly timeframes, indicating a predominantly bearish technical stance. Daily indicators suggest a weakening trend, with the price below the 20-day and 50-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), and the Supertrend indicator signaling bearish conditions. This is further reinforced by the monthly timeframe, where the price is also below its 20-day EMA, 20-day SMA, and Supertrend, with a strong ADX of 32.19 suggesting a defined trend. Weekly indicators also show the price below its 20-day and 50-day EMAs and SMAs, with the Supertrend indicating bearishness, though the 5-day EMA slope is positive.

Recent technical patterns on the daily timeframe include a Bearish Engulfing Reversal and an Outside Bar, both active as of September 18, 2026, suggesting potential for continued downward pressure. On the weekly timeframe, a Shooting Star and Harami pattern are also active. The stock is currently trading near its nearest support level of ₹2296.97, which is approximately 0.15% below the current price. The nearest resistance is observed at ₹2311.03, about 0.46% above the current price. The stock's annualized volatility stands at 31%, with a current drawdown of -24% and a maximum drawdown of -32%, highlighting elevated risk.

Key conditions to monitor include a break below the immediate support at ₹2296.97, which could signal further downside. Conversely, a sustained move above the nearest resistance at ₹2311.03, and subsequently the ₹2334.07 level, would be needed to challenge the prevailing bearish sentiment. The presence of multiple bearish patterns across timeframes suggests that upside may be capped in the short term.

- The stock's technical posture is bearish across daily, weekly, and monthly timeframes, with prices trading below key moving averages.
- Nearest support is identified at ₹2296.97 (approx. 0.15% below current price), and nearest resistance is at ₹2311.03 (approx. 0.46% above current price).
- Active daily patterns include a Bearish Engulfing Reversal and Outside Bar as of September 18, 2026.
- Active weekly patterns include a Shooting Star and Harami as of September 18, 2026.
- The stock exhibits significant risk, with annualized volatility at 31% and a current drawdown of -24%.

- Shooting Star
- Harami
- Bearish Engulfing Reversal
- Outside Bar
- Evening Star

### News Context

Analysts at JM Financial have identified Mphasis as a preferred pick within the Indian IT sector, despite anticipating potential margin pressure for the industry in fiscal year 2028 if the rupee's depreciation support fades. Rajiv Berlia of JM Financial noted that rupee depreciation has helped IT margins in the current fiscal year, but expects earnings estimates to be revised downwards in the latter half of fiscal year 2027 due to increasing competition. Separately, broader market commentary on September 16, 2026, indicated that IT stocks faced selling pressure, contributing to a drag on the Nifty IT index, even as other sectors like FMCG and PSU banks lifted overall Indian equities.

- JM Financial lists Mphasis as a preferred IT stock pick on September 17, 2026.
- JM Financial anticipates potential pressure on Indian IT company margins in FY28 if rupee depreciation support diminishes, as stated on September 17, 2026.
- JM Financial expects earnings estimates for the IT sector to be cut in the second half of FY27 due to rising competition, according to a September 17, 2026 report.
- Indian IT stocks experienced selling pressure on September 16, 2026, impacting the Nifty IT index.
- Broader market sentiment on September 16, 2026, saw FMCG and PSU banks gain while IT shares faced headwinds.

- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire
- IT stocks: JM Financial sees 4th year of subdued growth; lists Sagility, Mphasis as preferred picks
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants

### What Changed

As of September 18, 2026, MphasiS (NSE) is trading at ₹2300.4, a slight decrease from its previous price of ₹2320.0. The provided evidence does not indicate any new filings or news developments for the company. The daily and weekly trends are not specified in the recent data, and no prior trend data is available for comparison. Therefore, the core context of the company remains unchanged based on the available information.

- On September 18, 2026, MphasiS's stock price was ₹2300.4.
- The stock price on the preceding observation date was ₹2320.0.
- No new filings or news were reported for MphasiS as of September 18, 2026.

### Official Filings

Mphasis Limited has disclosed several updates concerning its employee stock option plans and participation in investor events. On September 16, 2026, the company announced the allotment of 64,800 shares related to its ESOP/ESOS/ESPS, alongside a separate filing regarding the alteration of capital and fund raising via XBRL. Earlier, on September 7, 2026, the company had approved the allotment of 7,800 equity shares under its ESOP 2016 plan, which resulted in an increase in paid-up share capital and the total number of shares outstanding. This allotment involved employees utilizing a cashless scheme where the Mphasis Employees Equity Reward Trust deducts shares to cover exercise prices and taxes, with proceeds used to repay company loans to the trust. Additionally, on September 7, 2026, the ESOP Compensation Committee cancelled a prior grant of stock options and restricted stock units, approving new grants under ESOP 2016 and RSU Plan 2021 with specified exercise prices and vesting periods. In terms of investor engagement, Mphasis confirmed participation in the J.P. Morgan India Conference on September 21, 2026, and a virtual session for the BofA India IT call series on September 9, 2026. The company also announced its ESG rating of '75' assigned by NSE Sustainability Ratings and Analytics Limited on September 3, 2026, noting that this rating was generated independently without company engagement. Other disclosures include a press release on September 15, 2026, detailing the second edition of the 'TrackShift Innovation Challenge' in partnership with Plaksha University, which awarded cash prizes totaling ₹175,000 to student teams, and a press release on September 11, 2026, announcing a collaboration with SGBS Unnati Foundation for environmental initiatives.

- On September 16, 2026, Mphasis Limited announced the allotment of 64,800 shares under its ESOP/ESOS/ESPS.
- On September 7, 2026, 7,800 equity shares were allotted under the ESOP 2016 plan, increasing the company's paid-up share capital and total shares outstanding.
- On September 7, 2026, a prior grant of 4,15,060 ESOPs and 92,400 RSUs was cancelled, with new grants of 1,01,030 ESOPs and 22,510 RSUs approved.
- Mphasis Limited is scheduled to participate in the J.P. Morgan India Conference on September 21, 2026, and the BofA India IT virtual call series on September 9, 2026.
- On September 3, 2026, Mphasis Limited disclosed an independent ESG rating of '75' from NSE Sustainability Ratings and Analytics Limited.

- MphasiS Limited has informed the Exchange regarding Allotment of 64800 Shares. |SUBJECT: ESOP/ESOS/ESPS
- Mphasis Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- MphasiS Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- MphasiS Limited has informed the Exchange regarding a press release dated September 15, 2026, titled "Mphasis and Plaksha University Build Future-Ready Talent through SecondEdition of TrackShift Innovation Challenge ". |SUBJECT: Press Release
- MphasiS Limited has informed the Exchange regarding a press release dated September 11, 2026, titled "SGBS Unnati Foundation and Mphasis join hands for a greener Bengaluru". |SUBJECT: Press Release
- MphasiS Limited has informed the Exchange regarding Allotment of 7800 Shares. |SUBJECT: ESOP/ESOS/ESPS
- MphasiS Limited has informed the Exchange regarding Grant of 123540 Options. |SUBJECT: ESOP/ESOS/ESPS
- Mphasis Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- MphasiS Limited has informed the Exchange about Intimation of ESG rating by NSE Sustainability Ratings and Analytics Limited |SUBJECT: General Updates
- MphasiS Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates

### Fundamentals

MphasiS has demonstrated a consistent upward trend in its revenue from operations over the reported periods. Revenue grew from ₹4,002.58 crore in Q3 FY2025-26 to ₹4,384.05 crore in Q1 FY2026-27. This revenue growth has generally translated into improved profitability. Profit Before Tax (PBT) increased from ₹593.10 crore in Q3 FY2025-26 to ₹681.32 crore in Q4 FY2025-26, before a slight moderation to ₹682.79 crore in Q1 FY2026-27. The company's net profit, or Profit Loss For Period, followed a similar pattern, rising from ₹442.19 crore in Q3 FY2025-26 to ₹509.64 crore in Q4 FY2025-26, and then settling at ₹489.51 crore in Q1 FY2026-27. While expenses also rose across these periods, the growth in revenue appears to have outpaced expense increases for much of this timeframe, contributing to the rise in PBT. Investors may wish to monitor the relationship between revenue growth and expense management, as well as the trajectory of net profit margins, in upcoming quarters.

- Revenue From Operations increased sequentially from ₹4,002.58 crore in Q3 FY2025-26 to ₹4,384.05 crore in Q1 FY2026-27.
- Profit Before Tax (PBT) rose from ₹593.10 crore in Q3 FY2025-26 to ₹681.32 crore in Q4 FY2025-26, with a marginal increase to ₹682.79 crore in Q1 FY2026-27.
- Profit Loss For Period (Net Profit) grew from ₹442.19 crore in Q3 FY2025-26 to ₹509.64 crore in Q4 FY2025-26, before decreasing to ₹489.51 crore in Q1 FY2026-27.
- Expenses increased from ₹3,436.39 crore in Q3 FY2025-26 to ₹3,784.13 crore in Q1 FY2026-27.

### Bull Case

While the broader IT sector faces potential margin pressures and subdued growth expectations for FY28, Mphasis has been identified as a preferred pick by at least one research firm. This preference is noted within the context of a challenging market environment for IT stocks, which have experienced selling pressure and are navigating the impact of artificial intelligence on the industry. Despite a generally bearish technical trend indicated by daily, weekly, and monthly indicators as of September 18, 2026, and a year-to-date return of -19%, the company's inclusion on a list of preferred stocks suggests a potential for relative outperformance according to external analysis.

- Mphasis is listed as a preferred stock pick by JM Financial, alongside Sagility, in a research note discussing potential margin pressures for Indian IT firms in FY28.
- The company's stock has experienced a year-to-date return of -19% as of September 18, 2026.
- Technical indicators as of September 18, 2026, show a bearish trend across daily, weekly, and monthly timeframes, with the daily supertrend at 2479.18 and the monthly supertrend at 3318.16.

- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire
- IT stocks: JM Financial sees 4th year of subdued growth; lists Sagility, Mphasis as preferred picks
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants

### Bear Case

The company's stock is currently in a bearish trend across daily, weekly, and monthly timeframes, indicated by technical indicators such as the Supertrend direction and moving average slopes. This technical setup suggests potential downside risk. Furthermore, broader industry commentary points to potential margin pressure for Indian IT firms in FY28 if currency depreciation, which has supported margins in the current year, fades. There is also an expectation of earnings estimates being cut in the latter half of FY27 due to increasing competition.

- The stock's Supertrend direction is bearish on daily, weekly, and monthly charts as of September 18, 2026.
- The 20-day Exponential Moving Average (EMA) is trading below the 50-day EMA on the daily chart, with a negative slope.
- Industry analysis suggests potential pressure on Indian IT margins in FY28 if the rupee's depreciation support diminishes.
- There is an expectation of earnings estimates being revised downwards in the second half of FY27 due to rising competition.

- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire
- IT stocks: JM Financial sees 4th year of subdued growth; lists Sagility, Mphasis as preferred picks
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants

### FAQs

**What is the current technical trend for MphasiS based on recent indicators?**

As of September 18, 2026, MphasiS is showing a bearish trend on both daily and monthly timeframes. Daily indicators show the Super Trend at 2479.18 in a bearish direction, with the 20-day Exponential Moving Average (EMA) at 2372.18 and the 50-day EMA at 2378.95. On a monthly basis, the Super Trend is also bearish at 3318.16, with the 20-day EMA at 2492.49. Weekly indicators also point to a bearish Super Trend at 2588.55.

**What recent corporate announcements has MphasiS made?**

MphasiS has made several recent announcements. On September 16, 2026, the company informed the exchange about the allotment of 64,800 shares related to ESOP/ESOS/ESPS and also about the alteration of capital and fund raising. Additionally, on September 15, 2026, MphasiS announced the second edition of its 'TrackShift Innovation Challenge' in partnership with Plaksha University and the TGR Haas F1 Team, which involved over 180 students and awarded cash prizes totaling ₹175,000. On September 11, 2026, the company announced a collaboration with SGBS Unnati Foundation for environmental initiatives.

**What are the recent performance returns for MphasiS stock?**

As of September 18, 2026, MphasiS has experienced varied returns across different periods. The stock has seen a return of -1% in the last trading day, -5% in the last month, and -23% in the last year. Year-to-date, the return is -19%, and since the start of trading, it is -19%.

**What is the outlook for Indian IT companies, including MphasiS, according to external analysts?**

According to JM Financial, Indian IT margins could face pressure in FY28 if the rupee's depreciation support fades, and earnings estimates might be cut in the second half of FY27 due to rising competition. Despite this, JM Financial maintains buy or add ratings on nine of its 15 covered stocks, with Mphasis and Sagility being preferred picks. Another report from Nirmal Bang suggests a fourth year of subdued growth for IT firms, listing Sagility and MphasiS as preferred picks.

- Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial
- FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire
- IT stocks: JM Financial sees 4th year of subdued growth; lists Sagility, Mphasis as preferred picks
- TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks
- IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants
- MphasiS Limited has informed the Exchange regarding Allotment of 64800 Shares. |SUBJECT: ESOP/ESOS/ESPS
- Mphasis Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL
- MphasiS Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- MphasiS Limited has informed the Exchange regarding a press release dated September 15, 2026, titled "Mphasis and Plaksha University Build Future-Ready Talent through SecondEdition of TrackShift Innovation Challenge ". |SUBJECT: Press Release
- MphasiS Limited has informed the Exchange regarding a press release dated September 11, 2026, titled "SGBS Unnati Foundation and Mphasis join hands for a greener Bengaluru". |SUBJECT: Press Release
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹2,311.03
- Risk regime: Price Risk Requires Attention

### Support levels
- 2265.5875
- 2215.3125
- 2176.45625

### Resistance levels
- 2379.11640625
- 2523
- 2575.846875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.84% |
| return_10 | -6.90% |
| return_1m | -5.41% |
| return_1y | -23.34% |
| return_20 | -5.33% |
| return_3m | -1.55% |
| return_5 | +0.38% |
| return_6m | +8.32% |
| return_since_start | -19.42% |
| return_ytd | -18.67% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -31.96% |
| annualized_volatility | +31.35% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Revenue growth continues, but net profit slips on higher tax outgo

Mphasis reported a 3.3% sequential increase in revenue to ₹4,384 crore in the June 2026 quarter, but net profit declined 3.9% to ₹489.5 crore. A rise in tax expense—from an effective rate of 25.2% to 28.3%—more than offset the marginal gain in profit before tax, leaving bottom‑line performance lower quarter‑on‑quarter. Year‑on‑year, revenue grew 17.5% and net profit increased 10.8%.

## Revenue Growth Maintains Momentum

Revenue from operations rose 3.3% sequentially, from ₹4,242.7 crore to ₹4,384.1 crore, and was 17.5% higher than a year ago. The company has now recorded higher revenue in each of the last five quarters, continuing a steady quarter‑on‑quarter expansion.

## Profit Before Tax Remains Flat Despite Revenue Growth

Total expenses (₹3,784.1 crore) increased 3.1% sequentially, slightly trailing the 3.3% rise in revenue. However, profit before tax was nearly unchanged at ₹682.8 crore, edging up just 0.2% from ₹681.3 crore. A sharp drop in finance costs—from ₹77.3 crore to ₹48.5 crore—helped support the pre‑tax line, but the overall effect left pre‑tax profit essentially flat.

## Tax Expense Pressures Net Profit

Tax expense increased 12.6% sequentially to ₹193.3 crore, lifting the effective tax rate from 25.2% in the March 2026 quarter to 28.3%. This rise more than absorbed the modest pre‑tax gain, causing net profit to fall 3.9% to ₹489.5 crore. On a year‑on‑year basis, net profit grew 10.8%, reflecting the benefit of stronger revenue growth over the longer period.

## Segment Profit Before Tax Aligns with Total Profit

Segment profit before tax for the quarter was ₹682.8 crore, exactly matching the total profit before tax. This alignment has been consistent over the past four quarters. By contrast, in the June 2025 quarter, segment profit before tax stood at ₹1,077.7 crore, while total profit before tax was ₹610.1 crore. The gap observed in that earlier quarter has not appeared since, with the two measures now consistently identical.

## Key Takeaway

Mphasis continued its pattern of sequential revenue growth, but net profit declined as a higher tax expense absorbed the minimal pre‑tax improvement. Profit before tax was nearly flat despite revenue and expense trends and a meaningful fall in finance costs. The effective tax rate moved up notably, pressuring bottom‑line performance. Year‑on‑year, both revenue and net profit remained on an upward path, but the quarter‑on‑quarter view shows that tax and cost dynamics can quickly affect profitability.

### Ratios

## Official filings

- 2026-09-16 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_16092026105834_Reg30_16September2026_sd.pdf)
- 2026-09-16 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1534_WebXMLFile_20260916_110026444.xml)
- 2026-09-16 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_16092026133426_Intimation_of_Investor_or_Analyst_Meet_-_September_2026-signed.pdf)
- 2026-09-15 — Press Release: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_15092026150123_Press_Release-15_September_2026-signed.pdf)
- 2026-09-11 — Press Release: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_11092026092834_Press_Release-11_September_2026-signed.pdf)
- 2026-09-07 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_07092026210627_Reg30_7_September_2026.pdf)
- 2026-09-07 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_07092026211125_Intimation_GrantStock_Options_07092026_final.pdf)
- 2026-09-07 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1534_WebXMLFile_20260907_213004864.xml)
- 2026-09-03 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_03092026135216_NSRAL-_September_26-signed.pdf)
- 2026-09-03 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_03092026220031_Intimation_of_Investor_or_Analyst_Meet_-_September_2026.pdf)
- 2026-09-02 — Press Release: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_02092026064304_Press_Release-signed.pdf)
- 2026-08-21 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_21082026213924_Reg_30_-20_August_2026_sd.pdf)
- 2026-08-21 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_21082026214449_Intimation_Grant_Stock_Options_20082026_final_sd.pdf)
- 2026-08-21 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_1534_WebXMLFile_20260821_230303831.xml)
- 2026-08-14 — Generic Announcement: MphasiS Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_14082026215444_SES_Rating_-_August_2026-signed.pdf)
- 2026-08-07 — Generic Announcement: Mphasis Limited will participate in three investor conferences: Emkay Confluence 2026 on August 12, 2026; Equirus Annual India Conference on August 13, 2026; and Motilal Oswal Annual Global Investor Conference on August 18, 2026. The company confirmed that no Unpublished Price Sensitive Information will be disclosed during these meetings. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_07082026152039_Intimation_of_Investor_or_Analyst_Meet_-_August_2026-signed.pdf)
- 2026-08-06 — Generic Announcement: On August 6, 2026, Mphasis Limited was informed by Crisil ESG Ratings & Analytics Limited that its overall ESG rating has been upgraded to 'Crisil ESG 67' from 'Crisil ESG 64', and its Core ESG rating to 'Crisil Core ESG 73' from 'CRISIL Core ESG 69'. Crisil independently assigned these ratings using publicly available information, and Mphasis did not engage Crisil for this review. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_06082026155254_CRISIL_Rating_-_August_2026-signed.pdf)
- 2026-07-31 — Generic Announcement: On July 31, 2026, Mphasis Limited's ESOP Compensation Committee approved the allotment of 3,606 equity shares. This allotment includes 3,400 shares under the ESOP 2016 plan and 206 shares under the RSU Plan 2021, following the exercise of employee stock options and restricted stock units. The company also noted that shares may be deducted to cover exercise prices and taxes, with proceeds used by the Trust to repay loans and taxes. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_31072026151900_ML_Reg30_31072026_sd.pdf)
- 2026-07-31 — Generic Announcement: Mphasis Limited received a Silver Medal from EcoVadis for its FY26 Sustainability Assessment, achieving an overall score of 75 out of 100. This information was disclosed on July 31, 2026, in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_31072026181630_EcoVadis_Rating_-_31_July_2026-signed.pdf)
- 2026-07-31 — Official Filing: On July 31, 2026, Mphasis Limited's ESOP Compensation Committee approved the allotment of 206 equity shares against the exercise of Restricted Stock Units under the RSU 2021 Plan. This allotment increased the company's paid-up share capital from INR 1,908,765,370 to INR 1,908,767,430.
- 2026-07-31 — Official Filing: On July 31, 2026, Mphasis Limited's ESOP Compensation Committee approved the allotment of 3400 equity shares against the exercise of Employee Stock Options under the Employee Stock Options Plan 2016. This allotment increased the company's paid-up share capital from INR 1,908,731,370 to INR 1,908,765,370, and the number of paid-up shares from 190,873,137 to 190,876,537.
- 2026-07-28 — Generic Announcement: Mphasis Limited held an Investors/Analysts Earnings Conference Call on July 24, 2026, to discuss financial results for the quarter ended June 30, 2026. The transcript, filed on July 28, 2026, highlights the company's strategic focus on AI, particularly addressing the 'Agency Gap' where enterprises struggle to deploy and govern AI at scale. The Mphasis Tria platform, encompassing Mphasis ModernizeTM and Mphasis OptimizeTM, is presented as a solution to convert AI capabilities into measurable economic outcomes. The company reported Q1 FY27 revenue of $471 million, a 2.1% sequential and 8.3% YoY increase in constant currency, with net new TCV of $461 million. Mphasis maintained its FY27 guidance for high single-digit to low double-digit growth and EBIT margins between 14.75% and 15.75%. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_28072026133016_Intimation_of_transcript_-_June_2026-signed.pdf)
- 2026-07-27 — Shareholding Disclosure: On May 19, 2026, BSE Limited submitted disclosures under Regulation 31(1) and 31(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This filing concerns the refinancing of existing financing arrangements, involving the release of encumbrances to existing lenders and the creation of new encumbrances in favor of new lenders. There is no change in shareholding in Mphasis Limited as a result of this refinancing. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_19052026160645_MPHASIS.pdf)
- 2026-07-25 — Generic Announcement: Mphasis Limited published its financial results for the quarter ended June 30, 2026, in the Business Standard and Samyuktha Karnataka newspapers on July 25, 2026. This submission complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results are also available on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_25072026134602_Newspaper_Advertisment-June_2026-signed.pdf)
- 2026-07-24 — Generic Announcement: Mphasis Limited has made available the audio recording of its Investor/Analyst call held on July 24, 2026, concerning the financial results for the quarter ended June 30, 2026. The recording is accessible on the company's website. — [Official attachment](https://nsearchives.nseindia.com/corporate/MPHASIS_24072026144302_Intimation_of_Audio_Recording_-_June_2026-signed.pdf)

## News and market events

- 2026-09-17 — CNBC-TV18: **Indian IT margins could come under pressure in FY28 if rupee cushion fades: JM Financial** — JM Financial's Rajiv Berlia says Indian IT margins held up this year mainly because of rupee depreciation, and FY28 could see pressure return if that support fades. He expects earnings estimates to be cut to neutral in the second half of FY27 as competition rises. He still holds buy or add ratings on nine of his 15 covered stocks, led by Mphasis and Sagility. — [Source](https://www.cnbctv18.com/market/indian-it-sector-fy28-margin-risks-rupee-depreciation-jm-financial-rajiv-berlia-mphasis-infosys-coforge-sagility-hcltech-tech-mahindra-artificial-intelligence-alpha-article-19992545.htm)
- 2026-09-16 — BUSINESS: **FMCG, PSU banks lift markets as IT drags; Tata stocks caught in crossfire** — Indian equities recover as FMCG and PSU bank stocks gain, while IT shares and Tata group stocks face selling pressure ahead of the Tata Sons board meeting — [Source](https://www.business-standard.com/markets/news/fmcg-psu-banks-lift-markets-as-it-drags-tata-stocks-caught-in-crossfire-126091601309_1.html)
- 2026-09-16 — BUSINESSTODAY: **IT stocks: JM Financial sees 4th year of subdued growth; lists Sagility, Mphasis as preferred picks** — IT firms, Infosys, HCL Tech, Coforge, Tech Mahindra, Wipro stock , Wipro, Persistent Systems, Tata Elxsi, Tata Consultancy Services Ltd , Zensar Technologies, IT stocks, IT stocks fall, Nifty IT index,  BSE IT index, Indian stock market,  artificial intelligence — [Source](https://www.businesstoday.in/markets/stocks/story/it-stocks-jm-financial-sees-4th-year-of-subdued-growth-lists-sagility-mphasis-as-preferred-picks-555920-2026-09-16)
- 2026-09-16 — BUSINESSTODAY: **TCS, Infy, HCL Tech, TechM, LTM, Coforge, Mphasis: Check fresh price targets for these IT stocks** — IT stocks, IT stocks to buy,, Indian IT stocks, IT sector outlook, IT stocks outlook, TCS share price, Infosys share price, Wipro share price, HCLTech share price, Tech Mahindra share price, Coforge share price, Persistent Systems share price, Mphasis share price, Nirmal Bang IT sector report, Nirmal Bang IT stocks, AI impact on IT stocks, IT sector stocks, IT stocks outlook FY27, Nirmal Bang IT sector report September 2026 — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infy-hcl-tech-techm-ltm-coforge-mphasis-check-fresh-price-targets-for-these-it-stocks-555868-2026-09-16)
- 2026-09-16 — CNBC-TV18: **IT CEOs’ pay soars, but stocks struggle: Numbers behind India’s tech giants** — Artificial intelligence is reshaping India’s IT services industry, with growth slowing sharply across much of the sector in FY26. At the same time, CEO compensation at several leading IT companies including Infosys, TCS, Wipro and others, has risen significantly over the past two years. Here’s how CEO pay, revenue growth and stock performance compare. — [Source](https://www.cnbctv18.com/photos/market/it-ceos-pay-soars-but-stocks-struggle-numbers-behind-indias-tech-giants-tcs-hcltech-persistent-mphasis-wipro-19991721.htm)
- 2026-09-15 — BUSINESS: **Shares tumble as rising oil prices and bond yields intensify pressure** — The key equity benchmarks ended sharply lower on Tuesday, reversing early gains. Rising crude oil prices and higher US Treasury yields weighed on sentiment. The sell-off intensified as investors awaited the US Federal Reserve's policy decision on Wednesday. The Fed is widely expected to raise interest rates by 25 basis points. — [Source](https://www.business-standard.com/markets/capital-market-news/shares-tumble-as-rising-oil-prices-and-bond-yields-intensify-pressure-126091500871_1.html)
- 2026-09-15 — The Hindu: **HCL Tech leads IT stocks rally, AI sector repricing triggers relief move in Indian IT** — The gains came as Indian IT stocks saw a relief rally amid a broader recalibration in the global technology sector, according to Vinit Bolinjkar, Head of Research at Ventura — [Source](https://www.thehindubusinessline.com/markets/stock-markets/hcl-tech-leads-it-stocks-rally-ai-sector-repricing-triggers-relief-move-in-indian-it/article71467195.ece)
- 2026-09-15 — BUSINESS: **Indian IT stocks rally as AI caution eases disruption fears** — Indian IT stocks rallied sharply on Tuesday as concerns over AI-driven disruption eased. — [Source](https://www.business-standard.com/markets/capital-market-news/indian-it-stocks-rally-as-ai-caution-eases-disruption-fears-126091500282_1.html)
- 2026-09-15 — BUSINESSTODAY: **TCS, Infosys, HCLTech, Tech Mahindra, Wipro shares jump; Nifty IT rises 5% in early trade. Here's why** — Nifty IT, Indian IT stocks, TCS, Infosys, HCLTech, Tech Mahindra, Wipro, AI development, artificial intelligence, frontier AI, AI spending, AI infrastructure, US tech stocks, Nasdaq, Donald Trump, Sam Altman, Elon Musk, Satya Nadella, AI risks, AI debate, Indian IT sector — [Source](https://www.businesstoday.in/markets/stocks/story/tcs-infosys-hcltech-tech-mahindra-wipro-shares-jump-nifty-it-rises-5-in-early-trade-heres-why-555507-2026-09-15)
- 2026-09-15 — News18: **IT Stocks Surge Up To 6.3%: Why Are TCS, Infosys, HCLTech, Tech Mahindra Rising Today?** — IT Stocks Today: HCLTech surges 6.33%, TCS 4.61%, Infosys 4.47%, Tech Mahindra 4.75%, Mphasis 4.49% and Persistent Systems 2.93% in early trade. — [Source](https://www.news18.com/business/markets/it-stocks-surge-up-to-6-3-why-are-tcs-infosys-hcltech-tech-mahindra-rising-today-10329763.html)
- 2026-09-15 — Economic Times: **Infosys, HCLTech, TCS, other IT stocks soar up to 6%; Nifty IT rallies 5% as global AI slowdown calls boost sentiment** — Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about 5%. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/infosys-hcltech-tcs-other-it-stocks-soar-up-to-6-nifty-it-rallies-5-as-global-ai-slowdown-calls-boost-sentiment/articleshow/134251675.cms)
- 2026-09-15 — MONEYCONTROL: **HCL Tech, TCS, Infosys jump 5-7% as AI slowdown calls lift IT stocks; Nifty IT surges nearly 5%** — nifty it today, it stocks jump — [Source](https://www.moneycontrol.com/news/business/markets/hcl-tech-tcs-infosys-jump-5-7-as-ai-slowdown-calls-lift-it-stocks-nifty-it-surges-nearly-5-14029943.html)
- 2026-09-11 — MONEYCONTROL: **Nifty IT reverses 2-month buying streak as faster AI rollout renews deflation concerns** — Sensex,Nifty,IT index,IT stocks,Information Technology stocks,IT, — [Source](https://www.moneycontrol.com/news/business/markets/nifty-it-reverses-2-month-buying-streak-as-faster-ai-rollout-renews-deflation-concerns-14027690.html)
- 2026-09-09 — CNBC-TV18: **Infosys shares extend losing streak to sixth straight session, losing ₹40,000 crore in market cap** — JPMorgan also flagged rising competitive intensity in vendor-consolidation deals, although Infosys is avoiding margin-dilutive wins. 29 of the 49 analysts covering the stock recommending a Buy, 16 with a Hold rating and 4 recommending a Sell. — [Source](https://www.cnbctv18.com/market/infosys-share-price-sixth-straight-day-of-fall-market-cap-loss-over-40000-crore-buy-sell-target-19987404.htm)
- 2026-09-09 — CNBC-TV18: **Indian IT stocks led by Infosys, TCS, lose over ₹1 lakh crore in market cap this week so far** — Shares of Tech Mahindra, Wipro, Coforge have all lost between 5% to 6% so far this week, while shares of HCLTech, LTM, and Mphasis are down between 4% to 5%. HCLTech has also shed over ₹14,000 crore in market capitalization. — [Source](https://www.cnbctv18.com/market/it-stocks-infosys-tcs-hcltech-coforge-wipro-share-price-1-lakh-crore-market-cap-loss-key-factors-explained-19987250.htm)
- 2026-09-08 — BUSINESSTODAY: **Infosys, HCL Tech, LTM, Persistent Systems: CLSA picks these 2 stocks; here's why** — Stocks to buy, IT stocks to buy, Infosys share price, Persistent Systems share price, LTM share price, HCL Tech share price, TCS share price — [Source](https://www.businesstoday.in/markets/stocks/story/infosys-hcl-tech-ltm-persistent-systems-clsa-picks-these-2-stocks-heres-why-553818-2026-09-08)
- 2026-09-02 — Economic Times: **Layoffs at Uber; Astrobase eyes fresh fundraise** — Uber will cut thousands of jobs in ‌a restructuring move. This and more in todays ETtech Top 5. — [Source](https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/uber-cuts-3300-jobs-inside-happiest-minds-itc-infotech-merger/articleshow/133711742.cms)
- 2026-09-02 — BUSINESSTODAY: **Mphasis shares fall 3% despite TechnoPro tie-up; here's why** — Mphasis shares, Mphasis shares news, Mphasis shares today, Mphasis news today, Mphasis shares news today, Mphasis — [Source](https://www.businesstoday.in/markets/stocks/story/mphasis-shares-fall-3-despite-technopro-tie-up-heres-why-552732-2026-09-02)
- 2026-09-02 — BUSINESSTODAY: **Mphasis, Engineers India, Caplin Point: Top stocks to trade — Key levels, target prices & stop loss** — Stocks to buy, Stock picks, Stocks to trade, trading views, Mphasis, Caplin Point Laboratories, Engineers India, Mphasis shares, Caplin Point shares, Engineers India shares, Mphasis share price, Caplin Point share price, Engineers India share price, Mphasis stock price, Caplin Point stock price, Engineers India stock price, Mphasis target price, Caplin Point target price, Engineers India target price — [Source](https://www.businesstoday.in/markets/stocks/story/mphasis-engineers-india-caplin-point-top-stocks-to-trade-key-levels-target-prices-stop-loss-552713-2026-09-02)
- 2026-09-02 — BUSINESSTODAY: **Mphasis shares in focus on TechnoPro tie-up to expand AI offerings in Japan** — Mphasis share price, Mphasis shares, Mphasis news, Mphasis share price today — [Source](https://www.businesstoday.in/markets/stocks/story/mphasis-shares-in-focus-on-technopro-tie-up-to-expand-ai-offerings-in-japan-552707-2026-09-02)
- 2026-08-31 — BUSINESS: **Nifty IT tanks 2%; Infosys, Wipro top losers: What's behind the weakness?** — So far this month, the IT index remains unchanged. In July, it recorded its best gain in six months following a 17 per cent rise. — [Source](https://www.business-standard.com/markets/news/nifty-it-tanks-2-infosys-wipro-top-losers-what-s-behind-the-weakness-126083100415_1.html)
- 2026-08-28 — Economic Times: **HCLTech, TCS, Infosys, other IT stocks rally up to 5%. What lies ahead?** — Indian IT stocks surged sharply, led by gains in largecap names, after Nvidias strong results and upbeat revenue outlook revived optimism around the global AI spending cycle. The rally came despite lingering concerns over AI disruption and mixed brokerage views on the sector. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/hcltech-tcs-infosys-other-it-stocks-rally-up-to-5-what-lies-ahead/articleshow/133584340.cms)
- 2026-08-26 — BUSINESS: **Nifty drops below 24,300 level; IT shares decline** — IT shares declined after advancing in the two consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-drops-below-24-300-level-it-shares-decline-126082600437_1.html)
- 2026-08-24 — BUSINESSTODAY: **Persistent, Mphasis stocks top Anand Rathi's IT bets; brokerage sees turnaround potential in Mastek** — Persistent Systems, Mphasis, Mastek, IT stocks, IT sector, Anand Rathi, Persistent Systems share price, Mphasis share price, Mastek share price, IT stocks to buy, stock market, share market, brokerage calls, Buy rating, price targets, AI, IT services, midcap IT stocks — [Source](https://www.businesstoday.in/markets/stocks/story/persistent-mphasis-stocks-top-anand-rathis-it-bets-brokerage-sees-turnaround-potential-in-mastek-550881-2026-08-24)
- 2026-08-19 — CNBC-TV18: **CLSA downgrades five largecap IT stocks including Infosys, TCS; Find out why and what is it betting on** — For TCS, Infosys and HCLTech, CLSA expects AI to become one-third of their overall revenue only by financial year 2031, a figure which currently stands at 10%, 9%, 6% respectively for these three companies. It is only then, that they will be able to deliver 6.1%, 5.6% and 6.4% growth respectively during financial year 2031, the brokerage added. — [Source](https://www.cnbctv18.com/market/clsa-downgrades-it-stocks-infosys-tcs-wipro-tech-mah-mphasis-share-price-bets-on-midcap-peers-target-buy-sell-19972366.htm)

## Business profile

**Strategic vision:** AI-led, platform-driven technology solutions provider.

### Business segments
- **Financial Services:** Mphasis offers services across various industries, including financial services.
- **Telecom:** Mphasis offers services across various industries, including telecom.
- **Logistics:** Mphasis offers services across various industries, including logistics.
- **Technology:** Mphasis offers services across various industries, including technology.
- **Mortgage Industry Services:** Through its subsidiary Digital Risk, Mphasis provides risk, compliance, and technology services in the mortgage industry.
- **UX Design Services:** Through its subsidiary Blink UX, Mphasis provides UX design services.

### Competitive strengths
- AI-driven Managed Security Services and Agentic AI accelerators integrated with Microsoft technologies.
- Partnership with Microsoft Intelligent Security Association (MISA).

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/mphasis
Markdown representation: https://faxioms.com/stocks/mphasis?render=md