Mphasis Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook

Mon Apr 27 2026

Mphasis (MPHASIS) Q4 results for FY26 are expected in May 2026. With Q3 FY26 revenue of Rs 3580 Cr and PAT of Rs 612 Cr as the base, the street is watching closely for margin trajectory and management guidance on FY27 demand.

Get Free SEBI-Registered Research on Mphasis â€” Click Here

Table of Contents

Mphasis Q4 FY26 Earnings Preview â€” What to Expect

Indian IT companies navigate a cautious macro environment in Q4 FY26, with large deal wins providing revenue visibility, AI-led services gaining commercial traction and margin improvement from operational efficiency partially offsetting slow discretionary spending recovery.

Mphasis Q4 Results 2026 â€” Date and Key Estimates

Parameter	Q3 FY26 Actual	Q4 FY26 Estimate	YoY Growth
Revenue (Rs Cr)	3580	3780	+6%
PAT (Rs Cr)	612	652	+7%
EBITDA Margin	—	17.2%	Improvement expected
Results Date	—	May 2026	—
Dividend History	Rs 40.00 per share
Dividend Expectation	Rs 45.00 final dividend expected

Estimates based on analyst consensus as of April 2026. Actual results may vary.

Track Mphasis live price, FII/DII activity and fundamentals on Univest Screener

5 Reasons Mphasis Q4 Results Could Beat Estimates

Deal Win Momentum

Large-deal TCV is building across cloud migration, ERP modernisation, AI-augmented services and managed infrastructure. Multi-year contracts provide strong near-term revenue visibility and reduce quarterly earnings variability significantly.

Generative AI Revenue Contribution

AI-led project wins are now contributing meaningfully to reported revenue. Productivity tools, AI platform services and enterprise automation use cases are gaining rapid corporate adoption across verticals.

Cost Structure Improvement

Fresher hiring, utilisation optimisation and subcontracting rationalisation are supporting EBIT margin recovery even in a slow-revenue environment, with companies guiding for 50 to 100 basis points of improvement.

BFSI and Healthcare Vertical Resilience

Banking, financial services and healthcare tech spending has remained relatively resilient, providing revenue cushion against weakness in discretionary retail and hi-tech verticals.

Currency Tailwind on USD Revenue

A modestly weaker rupee against USD provides a positive tailwind for rupee-denominated revenues and margins on dollarised contracts, offering a natural hedge for the business.

5 Key Risks to Watch in Mphasis Q4 Results

Global Macro Uncertainty

US and EU growth concerns, geopolitical conflicts and interest rate volatility may delay enterprise technology spending decisions further, prolonging the slow discretionary recovery.

Discretionary Spend Weakness

Retail, hi-tech and telecom vertical clients remain cautious on new discretionary project investments, limiting new project ramp-ups.

AI Talent Cost Inflation

Rising compensation demands for AI, ML and cloud-specialised talent compresses margins in the fastest-growing service lines.

GCC Competition Risk

Growth of Global Capability Centres in India is shifting some IT services work in-house for large global enterprises, gradually reducing the addressable outsourcing market.

BFSI Client Concentration Risk

Overweight exposure to banking clients creates sensitivity to financial sector regulatory changes and credit cycle disruptions that can cause sudden budget freezes.

Analyst Ratings and Target Price for Mphasis

Brokerage	Rating	Key Thesis
CLSA	Outperform	AI deal wins to drive revenue re-acceleration
JPMorgan	Neutral	Near-term macro headwinds offset by deal strength
Kotak Institutional	Buy	Margin improvement and AI revenue upside ahead

Analyst ratings are for informational purposes only. Not investment advice.

Subscribe to Univest Pro for SEBI-registered entry, target and stop-loss levels on Mphasis

Frequently Asked Questions â€” Mphasis Q4 Results 2026

Q: When will Mphasis announce Q4 FY26 results?

Mphasis is expected to announce Q4 FY26 results in May 2026. Track the exact date on Univest Screener.

Q: What revenue is expected for Mphasis Q4 FY26?

Analyst consensus estimates Mphasis Q4 FY26 revenue at approximately Rs 3780 Cr, representing approximately 6% year-on-year growth.

Q: What PAT is expected for Mphasis in Q4 FY26?

Estimated PAT for Mphasis Q4 FY26 is approximately Rs 652 Cr, up approximately 7% year-on-year.

Q: Will Mphasis declare a dividend in Q4 FY26?

Historical dividend pattern: Rs 40.00 per share. Q4 FY26 expectation: Rs 45.00 final dividend expected.

Q: What is the current share price of Mphasis?

Mphasis (MPHASIS) is currently trading at approximately Rs 2680 with a market capitalisation of Rs 44,900 Cr. Track live on Univest Screener.

Q: Is Mphasis a buy before Q4 results?

This article does not constitute investment advice. Consult a SEBI-registered financial advisor before making any investment decision.

Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. SEBI Registration: INH000012449.