Mphasis Limited , a leading IT services and solutions provider, has reported strong financial results for the first quarter ended June 30, along with several strategic acquisitions to bolster its capabilities in key areas.

Q1 Financial Highlights

Mphasis posted consolidated revenue of ₹37,324.89 crore for Q1, representing a year-over-year growth of 9.1%. The company's net profit for the quarter stood at ₹4,417.03 crore, up 9.2% compared to the same period last year.

Key financial metrics for Q1:

Dividend Announcement

The Board of Directors has approved a final dividend of ₹57 per equity share for the financial year ended March 31. This dividend has been ratified by shareholders at the Annual General Meeting held on July 24.

Strategic Acquisitions

Mphasis has completed several strategic acquisitions through its wholly-owned subsidiary, Mphasis Corporation:

1. Cybersecurity Business Acquisition: Acquired the cybersecurity business of EDZ systems for $17 million, enhancing Mphasis' capabilities in cybersecurity services.

2. Software Testing Business: Obtained control over the software testing business of tsQs Inc for $27 million, focusing on servicing a strategic customer.

3. Equity Stake in Aokah Inc: Acquired a 26% equity stake in Aokah Inc. for $4 million, aiming to support Mphasis in generating customer opportunities with prospective global capability center end customers.

4. Digital Transformation Business: Entered a framework agreement to acquire Locate Software Inc's digital transformation business for $8.4 million, subject to closing conditions.

Management Commentary

Nitin Rakesh, Chief Executive Officer & Managing Director of Mphasis, stated, "Our strong performance in Q1 reflects our continued focus on delivering value to our clients through innovative solutions. The strategic acquisitions we've made will further strengthen our capabilities in key areas such as cybersecurity and software testing, positioning us well for future growth."

Future Outlook

With these strategic moves and solid financial performance, Mphasis appears well-positioned to capitalize on the growing demand for IT services and solutions. The company's focus on enhancing its capabilities through acquisitions in cybersecurity and digital transformation aligns with the evolving needs of its global client base.

Investors and industry observers will be keen to see how these acquisitions translate into long-term value creation and sustained growth for Mphasis in the coming quarters.

Carysil Limited has announced a significant addition to its leadership team, appointing Pavankumar Palkar as the new Chief Sales Officer (CSO) for Domestic Sales. The company's Board of Directors approved this appointment based on the recommendation of the Nomination and Remuneration Committee, with the change taking effect from July 21, 2025.

Key Highlights of the Appointment

• Position: Chief Sales Officer for Domestic Sales
• Effective Date: July 21, 2025
• Designation: Senior Management Personnel (SMP)

Pavankumar Palkar's Profile

Mr. Palkar brings a wealth of experience to Carysil Limited:

• Over 17 years of extensive experience in Sales, Business Development, and P&L Management
• Held senior roles at reputed organizations
• Known for driving transformational growth through strategic planning and market expansion
• Expertise in cross-functional leadership
• Deep knowledge across various sales channels:
  • Modern trade
  • E-commerce
  • Exports
  • Institutional sales

Impact on Carysil Limited

This strategic appointment is expected to strengthen Carysil Limited's domestic sales operations. With Mr. Palkar's extensive experience and proven track record in driving growth, the company aims to enhance its market presence and potentially explore new avenues for expansion in the domestic market.

Regulatory Compliance

The appointment has been made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Carysil Limited has duly informed the stock exchanges about this change in senior management personnel, adhering to the regulatory requirements for listed companies.

As Carysil Limited welcomes Pavankumar Palkar to its leadership team, stakeholders will be watching closely to see how his expertise and strategic approach will contribute to the company's growth trajectory in the domestic market.