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On a year-on-year (YoY) basis, the company’s net profit and revenue rose 30.93% and 3.59%, respectively, in Q4 FY26.
During the quarter, profit before tax (PBT) stood at Rs 125.23 crore, declining 11.30% QoQ but rising 18.23% YoY.
Operating EBITDA stood at Rs 150.7 crore in Q4 FY26, down 0.8% QoQ but up 8.6% YoY. The operating EBITDA margin declined to 16.1% in Q4 FY26, compared with 16.8% in Q3 FY26 and 15.3% in Q4 FY25.
In dollar terms, the firm’s revenue was $103.5 million in Q4 FY26, up 1.4% QoQ but down 1.1% YoY. In constant currency terms, revenue rose 0.3% QoQ and 5.8% YoY.
The company’s 12-month order backlog stood at Rs 2,849.2 crore ($300.4 million) as of 31 March 2026, compared with Rs 2,290.9 crore ($264.5 million) in Q4 FY25, reflecting a 24.4% YoY growth in rupee terms. On a sequential basis, backlog rose 7.2% QoQ from Rs 2,658.5 crore ($295.8 million) in Q3 FY26.
The company added 12 new clients in Q4 FY26, taking total active clients to 326, compared with 333 in Q3 FY26.
As of 31 March 2026, the company had a total of 4,730 employees, of which 3,195 were based offshore in India while the rest were at onsite locations. Employee count stood at 4,676 as of 31 December 2025. Last twelve months’ attrition stood at 17.4% in Q4 FY26, compared with 17.6% in Q3 FY26.
Total cash, cash equivalents and fair value of mutual funds stood at Rs 938.5 crore as of 31 March 2026, compared with Rs 798.8 crore as of 31 December 2025.
During the quarter, Mastek secured multiple strategic deals across healthcare, financial services, government, energy and technology sectors, strengthening its global AI-led transformation portfolio. Key wins include establishing an AI Centre of Excellence for a UK-based financial services firm, implementing a federal-level patient data system for a US health authority, and delivering a financial management platform for a South-East Asian insurer. The company also won engagements to build digital health solutions for the UK national health authority, modernise systems for a Middle Eastern healthcare authority, and unify enterprise platforms for a global energy logistics firm. Additional deals include partnerships for DevOps and customer service transformation in the US automotive sector and digital platform modernisation for a US-based technology company, all powered by Mastek’s AI-led solutions.
Deepak Kedia, chief financial officer (CFO), Mastek, said: “We delivered another quarter of resilient performance, sustaining steady profitability with operating EBITDA margins of 16.1% and PAT margins of 11.0%, despite absorbing the impact of annual wage revisions and labour code true-ups. Our emphasis on working capital efficiency is translating into tangible outcomes, with DSO improving to 73 days and a healthy addition to cash and cash equivalents of Rs 139.7 crore, resulting in a closing balance of Rs 938.5 crore.
This robust cash generation further strengthens our balance sheet and enhances financial flexibility. Reflecting our continued commitment to shareholder returns, the Board has recommended a final dividend of Rs 16 per share, aggregating to 480% for the year (vs. 460% in FY25). While the macroeconomic environment remains uncertain, our deep client relationships, strong deal pipeline, and sustained operational rigor position us well to navigate near-term challenges and capitalize on emerging growth opportunities.”
The board has recommended a final dividend of Rs 16 per equity share (320%) on a face value of Rs 5 each for FY26. The total dividend for FY26, including the interim dividend of Rs 8 per share, stands at Rs 24 per share (480%) on a face value of Rs 5 each, compared with Rs 23 per share (460%) in the previous financial year. The record date will be announced later and disclosed to the exchanges.
Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and a skilled workforce of close to 5,000 employees. Through its “Lead with AI” approach, Mastek integrates intelligence across its solutions and operations, enabling organizations to accelerate transformation using ethical, scalable, and domain-driven AI adoption.
For the full year,net profit rose 7.47% to Rs 404.00 crore in the year ended March 2026 as against Rs 375.93 crore during the previous year ended March 2025. Sales rose 7.05% to Rs 3698.75 crore in the year ended March 2026 as against Rs 3455.23 crore during the previous year ended March 2025.
Shares of Mastek added 2.93% to end at Rs 1,749.90 on the BSE.
Mastek (UK), a Wholly-owned Subsidiary of Mastek announced that it has secured an engineering contract with the Home Office, with an overall budget of circa £85m/$110m+. Delivering to Migration and Borders Policy, the engagement deploys specialist engineering practices and teams to support, maintain, and enhance the Home Office's flagship ATLAS platform, the core system enabling Visa and Study routes, Asylum Casework, Border Force Operations, and Immigration Enforcement.
The service aims to scale ATLAS, making its common components scalable, resilient and highly available. A combination of high-end engineering techniques and AI-driven engineering accelerators will be applied across human and automated casework and the modernisation of the platform. Mastek expects significant growth in this contract, as the department plans to deliver various complex policies through the Atlas system over the coming few years.
Mastek will help Home Office in supporting, maintaining, and enhancing their flagship Biometrics Services Gateway (BSG) and National DNA Database (NDNAD) systems. These systems and services will enable passports, visa, study and asylum routes, DNA search and match caseworking, and its enforcement operations to name a few.
The service aims to enable the Home Office Biometrics Programme in delivering its responsibility to provide biometrics-related services to users in the Home Office and Policing, as well as more widely in the UK Government and with international partners. Mastek expects significant growth in this contract, as the department plans to deliver various vital and complex upgrades to the BSG and NDNAD systems over the coming few years.
Abhishek Singhh, president UKI & Europe, Mastek, said, 'This milestone deepens our partnership with the Home Office and reflects sustained confidence in Mastek’s deep domain knowledge in biometrics integration systems, DNA search and match technologies and advanced engineering capabilities. We look forward to operating secure, compliant, and resilient services for the Home Office 24x7 at a national scale, enabling collaboration across departments, with Europe and internationally. We thank the Home Office for creating an excellent environment for supplier collaboration and delivery with our teams, who anchor Mastek’s role as a trusted partner to the UK Public Sector.”
Mastek is an IT company providing enterprise digital and cloud transformation services to the Government/public sector, healthcare, life science, retail, and financial services sectors. The company’s service offerings include application development, Oracle suite and cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing and agile consulting.
The company’s consolidated net profit jumped 11.19% to Rs 108.35 crore despite 3.69% decline in net sales to Rs 905.68 crore in Q3 FY26 over Q2 FY26.
The counter advanced 0.28% to Rs 1,593 on the BSE.
EcoVadis is one of the world's most trusted providers of business sustainability ratings, evaluating companies across four core pillars: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. The assessment provides an independent, evidence-based benchmark of ESG performance and maturity.
In a standout performance within the technology sector, Mastek ranked in the Top 7% overall among IT companies assessed in the past 12 months, and achieved an exceptional Top 2% ranking in the Environment category, reflecting its focused efforts on environmental stewardship and climate-conscious operations.
The expansion reflects growing demand from UK clients for cloud, data and AI-driven solutions and reinforces Mastek's commitment to supporting regional economic growth through innovation and job creation. The expanded facility includes a 100-seat office with capacity to scale further as demand continues to grow.