India, Jan. 23 -- Mid-tier IT services company Mphasis posted a modest growth of 3.3% in consolidated net profit at Rs 442 crore in the October - December quarter of FY26 compared to around Rs 428 crore in the year ago period.

However, sequentially net profit declined 5.7% from Rs 469 crore in the quarter ended September 30, weighed down by cost pressures and one-time exceptional charge of Rs 35.5 crore due to impact of new labour codes.

The company reported steady topline numbers with consolidated net revenue at Rs 4,002 crore, an increase of 12.4% year-on-year compared to Rs 3,561 crore in the corresponding quarter of previous fiscal, and 2.6% from the preceeding quarter of Rs 3,901 crore on the back of robust AI-led deal pipeline and...