Mphasis income tax demand revised up to Rs 2,417.80 cr on interest

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MPHASIS · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹2450.00

prior close

₹2460.00

announcement price

After-mkt

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Nifty Midcap 150market-0.3%+0.4% vs market

Computers - Software & Consulting peers, median of 65sector+0.1%+0.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Midcap 150 and in line with its Computers - Software & Consulting peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

+2.0-0.4+2.4+2.2-0.1

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15d

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UpDownMarket · Nifty Midcap 150Sector · Computers - Software & Consulting peers, median of 65Pending

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AI summary

Income tax demand for AY 2023-24 revised up from Rs 2,286.86 cr to Rs 2,417.80 cr due to interest under section 220. Mphasis received the rectification order on Oct 13, 2026. Company plans to file a rectification petition over errors in computation and says no material impact on financial statements is expected.

Likely market impact

Demand up by Rs 130.94 cr on interest. Company is contesting and sees no material financial impact. Watch legal outcome.