Mphasis526299Quarterly results
Board approves audited Q2 and H1 results; auditor's opinion unmodified
The Board met on November 5, 2026 and approved the audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 45,809.30 | 39,019.11 | +17.4% | 43,840.54 | +4.5% |
| Total income | 47,280.98 | 39,765.54 | +18.9% | 44,669.11 | +5.8% |
| Profit before tax | 7,675.71 | 6,247.82 | +22.9% | 6,827.85 | +12.4% |
| Profit after tax | 5,611.26 | 4,690.74 | +19.6% | 4,895.06 | +14.6% |
| Total comprehensive income | 6,284.37 | 4,996.63 | +25.8% | 5,874.20 | +7% |
| Basic EPS | 29.39 | 24.65 | +19.2% | 25.65 | +14.6% |
- Total income YoY growth
- +18.9%
- Period
- Quarter ended 30 September 2026
Also decided at the meeting
- Board authorised the CEO & MD, CFO, General Counsel and Company Secretary under Regulation 30(5) to determine materiality of events and make disclosures to stock exchanges.
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter Mphasis Corporation made an additional investment of ₹383.30 million (USD 4 million) for a further 4% stake in Aokah Inc., pending allotment of shares.
- On 21 April 2026 the Group acquired 100% of Theory and Practice Business Intelligence Inc. (TAP) for cash consideration of ₹180.21 million (CAD 2.66 million); goodwill ₹256.11 million.
- On 01 July 2026 Mphasis Corporation agreed to acquire a customer contract of Red Oak Tech for up to ₹2,650.55 million (USD 28 million); closing conditions not yet met.
- Subsequent event: Canada Revenue Agency demand notice of CAD 6.60 million (₹445.91 million) relating to GST/HST; the Group is evaluating the demand.
What the Board decided
- The Board of Mphasis met on November 5, 2026 and approved the audited standalone and consolidated financial results for the quarter and half year ended September 30, 2026.
- The auditor's reports from B S R & Co. LLP, Chartered Accountants, were taken on record.
- The Board authorised four officials under Regulation 30(5) to decide whether an event is material and to make the disclosures that follow: Nitin Rakesh (Chief Executive Officer and Managing Director), Aravind Viswanathan (Chief Financial Officer), Eric Winston (EVP, General Counsel and Chief Compliance, Risk & Ethics Officer) and Mayank Verma (Senior Vice President and Company Secretary).
- The information will also be available on the company's website.
What the auditor said
- The auditor's opinion on the consolidated results is unmodified. An unmodified opinion is the clean version: the auditor states that the results give a true and fair view in conformity with the applicable accounting standards.
- This is a check on whether the reported numbers are fairly presented. It is not a view on the share price or on future prospects.
The numbers (consolidated, in ₹ million)
- Revenue from operations, quarter ended September 30, 2026: 45,809.30
- Profit for the period, same quarter: 5,611.26
- Revenue from operations, six months ended September 30, 2026: 89,649.84
- Profit for the period, six months: 10,506.32
- Basic earnings per share, quarter: 29.39
On a standalone basis (the parent company alone), Profit for the period for the quarter was 5,137.07.
'Revenue from operations' is income from the company's main business. 'Profit for the period' is what remains after all expenses and tax. Earnings per share shows how much of that profit is attributable to each equity share.
Other points in the notes
- A final dividend of ₹ 62 per equity share for the year ended March 31, 2026 was proposed by the Board on April 29, 2026, approved by shareholders at the Annual General Meeting held on July 23, 2026, and paid during the quarter.
- After the balance sheet date, the Group received a demand notice from the Canada Revenue Agency for ₹ 44.91 million, relating to GST/HST on its Canada operations. The Group is evaluating the basis of the demand and is seeking additional information and clarification from the tax authorities.
- The notes also describe business acquisitions — Aokah, Locate Software, OKIN Process and TAP — and a definitive agreement signed on July 1, 2026 with Red OakTech Inc., where the closing conditions had not been met and the transaction had not been consummated.
How to read this
- The main update is a routine quarterly outcome: audited results approved, a clean auditor opinion, and the same four officials re-authorised to handle material-event disclosures.
- Two items in the notes are worth tracking: the dividend that has already been paid out, and the Canadian tax demand that is still being examined. The final effect of the demand will depend on the clarification the Group is seeking.
₹10,506.32 MnConsolidated Profit for the period, six months ended
Consolidated Profit for the period₹5,611.26 Mn
Profit after tax, quarter4,895.06 (₹ million)
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More numbers
- Consolidated Revenue from operations, six months ended 30 Sep 202689,649.84
- Consolidated Profit for the period, six months ended 30 Sep 202610,506.32
- Standalone Profit for the period, quarter ended 30 Sep 20265,137.07
- Canada Revenue Agency demand notice amount₹ 44.91 million
- Final dividend per equity share, year ended 31 Mar 2026₹ 62
- Total income, latest quarter47,280.98 (₹ million)
- Total income, year-ago quarter39,765.54 (₹ million)
- Total income, previous quarter44,669.11 (₹ million)
- Total comprehensive income, latest quarter6,284.37 (₹ million)
- Total comprehensive income, year-ago quarter4,996.63 (₹ million)
- Total comprehensive income, previous quarter5,874.20 (₹ million)
- Profit after tax, latest quarter5,611.26 (₹ million)
- Profit after tax, year-ago quarter4,690.74 (₹ million)
- Profit after tax, previous quarter4,895.06 (₹ million)
- Revenue from operations, latest quarter45,809.30 (₹ million)
- Revenue from operations, year-ago quarter39,019.11 (₹ million)
- Revenue from operations, previous quarter43,840.54 (₹ million)
- Profit before tax, latest quarter7,675.71 (₹ million)
- Profit before tax, year-ago quarter6,247.82 (₹ million)
- Profit before tax, previous quarter6,827.85 (₹ million)
Source: BSE · 5 Nov 2026
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