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Name: Latest research reports of MphasiS Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: MphasiS Ltd.
Rating: 5
Author: Prabhudas Lilladhar

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MphasiS Ltd.

25 Apr 2025

2693.40

-0.52%

Corp. Note

Mphasis Ltd - 526299 - Integrated Filing (Financial)

BSE India

Integrated Filing Financial

pdf

MphasiS Ltd.

25 Apr 2025

2693.40

-0.52%

Mphasis (MPHL IN) Q4FY25 Result Update Good visibility...

Buy: MphasiS Ltd.

Recommendation Target

Prabhudas Lilladhar

The revenue growth performance (+2.9% QoQ CC) exceeded our estimates (+2.5% QoQ CC). ~80% of its portfolio mix maintained a steady state, while the rest of its business mix (L&T and Others) reported a decline of 8% and 3% QoQ, respectively. The continued improvement in large deal wins (13 large deals in FY25) and meaningful conversion of those deals are supporting the growth within BFSI. Despite having booked record high deal TCV of USD390m (11% QoQ), the deal funnel still looks encouraging (26% QoQ and 86% YoY). Even...

MphasiS Ltd. has gained 22.14% in the last 3 Months

Tech Mahindra Ltd.

25 Apr 2025

1718.60

1.46%

Tech Mahindra (TECHM IN) Q4FY25 Result Update Near-term...

Accumulate: Tech Mahindra Ltd.

Target

Prabhudas Lilladhar

Deal wins remain robust at USD 798 mn in Q4 The performance on the topline (-1.5% CC QoQ) was below our estimates (+0.3% CC QoQ), while the execution on margins was strong, exceeding our expectations by 30bps QoQ. The decline in revenue was led by unanticipated delays in renewals within Hi-Tech, which partly supported by strong momentum in BFSI (+2.5% QoQ). The management demonstrated one-year milestone of stabilizing growth and scaling profitability, while showcasing the additional efforts that need to be put in FY26 to achieve the FY27 goal. The...

Tech Mahindra Ltd. has gained 25.31% in the last 1 Year

Tech Mahindra Ltd.

25 Apr 2025

1718.60

1.46%

Mixed Quarter, Steady progress towards FY27 goals

Buy: Tech Mahindra Ltd.

Target

Sharekhan

Tech Mahindra’s (TechM’s) reported revenue stood at $1,549 million, down 1.5% q-o-q in CC terms, missing our estimate of 0.6% q-o-q decline in CC terms, driven by weakness in Hi-Tech, Healthcare & Lifesciences, Retail and Others.

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

MphasiS Ltd.

25 Apr 2025

2693.40

-0.52%

Good execution on deal wins and growth

Neutral: MphasiS Ltd.

Target

Motilal Oswal

Mphasis (MPHL)’s 4QFY25 gross revenue was 2.9% QoQ in Constant Currency (CC), in line with our estimate of 3.0% QoQ CC. Direct business grew 3.8%/6.8% QoQ/YoY in CC, aided by BFS and TMT.

Number of MF schemes increased from 213 to 221 in Mar 2025 qtr.

Tech Mahindra Ltd.

25 Apr 2025

1718.60

1.46%

Tech Mahindra: Q4FY25 Result Review

Buy: Tech Mahindra Ltd.

Recommendation Target

IDBI Capital

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Tech Mahindra Ltd.

25 Apr 2025

1718.60

1.46%

Turnaround efforts on track; results could be slower due to tough macro

Sell: Tech Mahindra Ltd.

Recommendation Target

ICICI Securities Limited

TechM’s turnaround efforts are yielding results with its BFSI portfolio strengthening, large logo additions, a stronger deal TCV run-rate and improvement in margins. Strong new deal TCV growth of 42.6% YoY provides some comfort on FY26 growth outlook.

Number of FII/FPI investors increased from 1089 to 1095 in Mar 2025 qtr.

Persistent Systems Ltd.

25 Apr 2025

6068.00

0.81%

Strong execution in a challenging environment

Sell: Persistent Systems Ltd.

Target

Emkay

PSYS reported a robust operating performance in Q4. Revenue growth of 4.5% QoQ CC was in-line, while EBITM of 15.6% was ahead of our estimate. Growth was predominantly led by BFSI and Hi-Tech while HLS stood flat.