BENGALURU, Jan 22 (Reuters) - Indian information technology company Mphasis MBFL.NS reported third-quarter revenue in line with estimates on Thursday, with banking and financial services clients resuming spending on technology amid better macroeconomic and policy clarity.

Consolidated revenue for the quarter ended December 31 rose 12.3% to 40.03 billion rupees ($436.98 million), close to analysts' average estimate of 40.08 billion rupees, according to data compiled by LSEG.

Indian IT companies such as Tata Consultancy Services TCS.NS and Infosys INFY.NS had earlier highlighted recovery in client spends in the quarter after almost a year of uncertainty on the back of U.S. tariff policies, macroeconomic and geopolitical turmoil.

Mphasis counts U.S. banks JPMorgan JPM.N and Wells Fargo WFC.N, and United Airlines UAL.O among its clients.

The Blackstone BXSL.N-backed company reported a 3.3% rise in net profit to 4.42 billion rupees, missing analysts' average estimate of 4.82 billion rupees, according to data compiled by LSEG. It had a one-time charge of 355 million rupees from India's new labour codes.

Banking and financial services segment revenue, its largest, was up 20.8%, on year. Banking accounts for around half of its revenue.

Chief executive Nitin Rakesh previously told Reuters that he expects this segment to drive sales in the third and fourth quarters of fiscal year 2026.

The insurance segment jumped 45.4%, while logistics and transportation declined by nearly 50%.

North America revenue, which makes up almost 80% of the company's topline, rose 16%.

Deal wins for the quarter totalled $428 million, down from $528 million in the previous quarter and $351 million in the year-ago period.

($1 = 91.6050 Indian rupees)

(Reporting by Haripriya Suresh; Editing by Harikrishnan Nair)

((haripriya.suresh@thomsonreuters.com))