As filed · Mphasis Consulting Limited, UK, a wholly owned subsidiary of the Company, has acquired 49% shareholding in Mrlad Limited, UK, from its joint venture partner Ardonagh Services Limited. Following this a
Mphasis Consulting Limited, UK, a wholly owned subsidiary of the Company, has acquired 49% shareholding in Mrlad Limited, UK, from its joint venture partner Ardonagh Services Limited. Phiroze Jeejeebhoy Towers,. subsidiary of the Company, has acquired 49% shareholding in Mrlad Limited, UK, from its joint venture partner.
A joint venture commits capital and management time to an asset the company only part-owns.
Prior statements by this company that CapitSignal has recorded changing.
We will continue to operate in the stated margin band for FY27, while making investments for growth.
Q1 FY27 EBIT margin was down by 60 bps impacted by ramp up costs of new deal wins and the TAP acquisition costs.
We maintain FY27 guidance for high single-digit to low double-digit growth as well as the margin guidance within the band that I have stated.
Q2 is positioned to deliver the best sequential constant currency growth in three years.
BFS grew 9.4% YoY and 0.8% sequentially in Direct.
BFS has delivered a compound quarterly growth rate of over 3.5% across the past eight quarters - the strongest among our peers.
