Slide 1: Intimation of presentation to stock exchanges
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 24 July 2025 The Manager, Listing The Manager, Listing BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. c/1, Dalal Street, G-Block, Bandra-Kurla Complex, Mumbai - 400 001 Mumbai – 400 051 D
Slide 2: Sustained Focus on Execution, AI Unlocking Opportunities
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Sustained Focus on Execution, AI Unlocking Opportunities Nitin Rakesh Aravind Viswanathan CEO & Managing Director CFO July 2025
Slide 3: Safe Harbor
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Safe Harbor Certain statements mentioned in this presentation concerning our future growth prospects are forward looking statements (the “Forward Statements”) and are based on reasonable expectations of the management, which involves a numbe
Slide 4: Forces of change – AI Unlocking Opportunities
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Forces of change – AI Unlocking Opportunities Macro Situation Client Dynamics • Continued volatility and lack of tailwinds • Cost & Efficiency continue to dominate headlines • Decision cycles still elongated due to uncertainty • Headcount st
Slide 5: Doubling Down on AI
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Doubling Down on AI 68% Hypothesis playing out 65% 55% AI Led Pipeline 2.2 x Pipeline 35% TCV Wins (in $Mn) 30% 25% 12% 13% 760 x 390 319 351 255 241 177 207 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Launched Mphasis.ai Launch of Gen A
Slide 6: AI Supercharging Pipeline: 68% AI-led
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 AI Supercharging Pipeline: 68% AI-led Archetypes Driven Pipeline +16% +84% +84% 5% 5% 42% Data 6% 10% 47% Security 3% Next Ops 11% 15% XaaP 13% 11% Experience 8% 103% 14% BFS Top 10 Modernization 14% 22% IT Value Stream - 108% IT Value Strea
Slide 7: Strong Broad-based TCV Wins: 68% AI-led
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Strong Broad-based TCV Wins: 68% AI-led New TCV Wins ($Mn) Large Deal Wins (>$20Mn TCV) +14 +138% 79 73 75 65 68 760 # of cumulative 351 390 319 deal wins since 207 Q1FY18 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26
Slide 8: Q1FY26 Performance by Segment
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Q1FY26 Performance by Segment 430 437 430 437 410 410 Direct Direct Direct Direct YoY YoY QoQ QoQ 10.3% 3.2% APPS 293 309 322 10.1% 3.6% Americas 332 353 365 BPO 67 66 65 -2.7% -2.7% EMEA 45 43 -20.4% -15.5% 38 ROW 33 34 34 ITO 51 55 50 11.9
Slide 9: Q1FY26 Performance by Vertical
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Q1FY26 Performance by Vertical 430 437 410 YoY QoQ Direct YoY Direct QoQ 18.0% 6.7% 21.8% 8.1% Banking & Financial Services 195 215 230 Insurance 46 49 27.5% 20.4% 28.1% 21.0% 60 TMT 66 77 20.0% 2.5% 20.6% 2.4% 79 Logistics & Transportation
Slide 10: Client Pyramid Performance: Direct
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Client Pyramid Performance: Direct QoQ and YoY Additions in multiple client bands 139 137 Client Additions Top Client Metrics LTM 135 Category YoY QoQ • Top 1 - 10 grew 7.6% $200Mn+ - - • Top 11 - 30 grew 7.4% $150Mn+ (2) (1) $100Mn+ 1 1 $75
Slide 11: Financial Metrics: Quarterly Performance
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Financial Metrics: Quarterly Performance Revenue Trend Operating Margin Trend +1.0% 430 437 410 15.3% 15.3% 15.0% Q1FY25 Q4FY25 Q1FY26 Q1FY25 Q4FY25 Q1FY26 Gross Revenue in $Mn at average USD/INR rate for respective periods # Revenue growth
Slide 12: Q1FY26 in Summary: Sustained Execution
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Q1FY26 in Summary: Sustained Execution • Growth momentum through resiliency and deal wins ̶ Growth led by BFS, Insurance and TMT verticals ̶ Ramp up in recent large deal wins • Focused on investing in AI-driven growth initiatives • Pipeline
Slide 13: Outlook: AI unlocking opportunities
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Outlook: AI unlocking opportunities Create-Pursue-Win-Execute • Continue to focus on pursuing, winning and executing at the account level ̶ Strengthening and expanding our AI-led propositions • Significant investments across Origination to E
Slide 14: Thank You!
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Link to financial data for the past three years: https://www.mphasis.com/home/corporate/investors.html Thank You! About Mphasis Mphasis’ purpose is to be the “Driver in the Driverless Car” for Global Enterprises by applying next-generation d
Slide 15: Analyst Recognitions
Docusign Envelope ID: A03E34D8-0EF0-4E89-8204-60FEF98E1381 Analyst Recognitions © Mphasis 2025 Proprietary and confidential information 24-07-2025 14