Mphasis Q3 profit up 3.5% YoY to Rs 442 crore

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The performance of Indian mid-tier outsourcing companies appears to mirror those of their larger peers, albeit with instances of individual deviation, as a seasonally weak quarter and changes to the labour codes dented service providers irrespective of balance sheet size.

Mphasis on Thursday posted a 3.3% gain year-on-year in net profit for the third quarter of FY26 at Rs. 442 crore, despite taking a one-time charge on account of labour code changes.

Sequentially, however, profit fell 5.7%, from Rs. 469 crore in the previous quarter. Its operating…



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Mphasis Q3 profit up 3.5% YoY to Rs 442 crore



The performance of Indian mid-tier outsourcing companies appears to mirror those of their larger peers, albeit with instances of individual deviation, as a seasonally weak quarter and changes to the labour codes dented service providers irrespective of balance sheet size.

Mphasis on Thursday posted a 3.3% gain year-on-year in net profit for the third quarter of FY26 at Rs. 442 crore, despite taking a one-time charge on account of labour code changes.

Sequentially, however, profit fell 5.7%, from Rs. 469 crore in the previous quarter. Its operating…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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