In constant currency terms, the company recorded revenue growth of 2.0% on a sequential basis.

Profit before interest, depreciation and taxes (PBIDT) for the period under review was Rs 796.26 crore, up 12.7% YoY. PBIDT margin for the second quarter of FY25 was 20.41% as against 21.00% posted in the first quarter of FY25.

Profit before tax in Q2 FY26 stood at Rs 624.78, up by 2.41% from Rs 610.07 crore in Q1 FY25.

The company recorded new TCV wins of $528 million in direct, of which 87% was in new-gen services.

Nitin Rakesh, chief executive officer and managing director, Mphasis, said: “Our early, focused investments in AI have positioned Mphasis as a strategic partner for clients navigating their transformation journey.

Another strong quarter of TCV wins of $528 million is a testimony to our AI first approach delivering business outcomes, across diverse industries.”

Mphasis is a leading Information Technology (IT) solutions provider specializing in cloud and cognitive services.

The scrip fell 2.67% to currently trade at Rs 2817.65 on the BSE.