Mastek (MASTEK) Q3 25/26 earnings summary

Executive summary

• Q3FY26 focused on strengthening core fundamentals, expanding AI and digital engineering capabilities, and leadership team enhancements, with unaudited consolidated and standalone results approved by the Board.

• Achieved 4.2% YoY revenue growth to ₹905.7 crore, with total income up 5.4% YoY and operating EBITDA margin at 16.1%.

• 12-month order backlog reached ₹2,658.5 crore, growing 24.3% YoY and 18.4% YoY in USD terms.

• Interim dividend of ₹8 per share (160% of face value) declared, payable by February 17, 2026.

• Merger of Mastek Enterprise Solutions Private Limited completed, with restated standalone financials.

Financial highlights

• Operating revenue was ₹905.7 crore, up 4.2% YoY but down 3.7% sequentially; consolidated revenue for the quarter: ₹90,568 lakhs.

• PAT for Q3FY26 was ₹108.4 crore, up 14.4% YoY and 11.2% sequentially; PAT margin improved to 11.7%.

• Basic EPS for Q3FY26 was ₹35.0, up from ₹30.7 YoY; consolidated EPS for the quarter: ₹6.99.

• Net cash position increased to ₹346 crore from ₹135 crore last quarter; cash and cash equivalents stood at ₹798.8 crore at Q3FY26 end.

• DSO increased to 84 days due to UK holiday season delays.

Outlook and guidance

• Strong demand expected in healthcare, life sciences, and public sector, especially in the UK and EMEA, with strategic focus on AI-led transformation and digital modernization.

• FY27 anticipated to be stronger than FY26, with fundamentals now in place for growth.

• The company continues to monitor regulatory changes, including new Indian labour codes, and will adjust financial reporting as needed.