Mastek Reports Q3FY26 Revenue of Rs 906 Crore, 4.2% Y-o-Y Growth
Filing Summary
Mastek Limited announced its unaudited financial results for Q3FY26, reporting a revenue of Rs 906 crore, marking a 4.2% year-on-year increase. The company’s operating EBITDA margin rose to 16.1%, with a net profit of Rs 108 crore, up 11.2% quarter-on-quarter. Mastek added 17 new clients, bringing the total to 333 active clients. The 12-month order backlog increased by 24.3% year-on-year to Rs 2,659 crore. Key achievements include securing contracts with UK and US entities, enhancing digital and AI capabilities. The company declared an interim dividend of Rs 8 per share.
Mastek Limited has released its unaudited financial results for the third quarter of the fiscal year 2026, ending December 31, 2025. The company reported a revenue of Rs 906 crore, reflecting a 4.2% increase compared to the same period last year. The operating EBITDA margin for the quarter was 16.1%, with a net profit of Rs 108 crore, showing an increase of 11.2% quarter-on-quarter. The total income for the quarter was Rs 927 crore, up by 5.4% year-on-year.
Financially, Mastek’s revenue from operations for the nine months ended December 31, 2025, was Rs 2,761 crore, an 8.3% increase year-on-year. The operating EBITDA for this period was Rs 428 crore, with a net profit of Rs 298 crore. The company declared an interim dividend of Rs 8 per share, representing a 160% payout. The cash balance, including cash equivalents and mutual funds, stood at Rs 799 crore as of December 31, 2025.
Operationally, Mastek added 17 new clients during the quarter, increasing the total number of active clients to 333. The company secured over 26 new AI deals and reported a 12-month order backlog of Rs 2,659 crore, a 24.3% increase year-on-year. Key contracts include a three-year engagement with a UK government agency for a national biometrics platform and a strategic consulting engagement with a US-based global asset manager to modernize their enterprise data platform.
The timeline for these projects includes ongoing engagements and future rollouts. The UK biometrics platform project is set for a three-year duration, while the US asset manager’s data platform modernization is part of a strategic consulting engagement. These projects involve the integration of AI and cloud technologies to enhance operational efficiencies and compliance.
Parties involved in these engagements include Mastek as the primary service provider, with clients spanning government, healthcare, and financial sectors in the UK, US, and AMEA regions. Mastek’s role involves delivering digital transformation services, leveraging AI and cloud technologies to meet client needs.
In the market context, Mastek’s focus on AI and digital transformation aligns with global trends towards automation and cloud adoption. The company’s strategic engagements in the UK and US highlight its capabilities in handling complex, high-security public systems and regulatory environments. Mastek’s recognition in various industry assessments, such as the ISG Provider Lens and Everest Peak Matrix, underscores its position as a leader in digital transformation services.
Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable returns on technology investments. The company operates in over 40 countries, focusing on sectors such as public sector, healthcare, retail, and financial services. Mastek’s strategic priorities include leveraging AI to drive innovation and transformation across its client base.