Q3 revenue of Mastek at Rs 905.7 crore, up by 4.2%

Mumbai, Jan 21: Mastek, a trusted AI-first, digital engineering and cloud transformation partner, announced today its financial results for the Third Quarter and Nine months of FY26 ended on 31st December 2025.

Commenting on the Q3FY26 results, Umang Nahata, Chief Executive Officer, Mastek, said: “In Q3FY26, our revenue declined by 3.7% Q-o-Q in rupee terms, primarily due to higher furloughs, planned project go-lives in the US and AMEA, and right-shift of a few engagements. Despite these near-term headwinds and seasonal softness, we continue to execute with operational discipline and AI led efficiencies resulting in another quarter of healthy EBITDA Q o-Q growth of 60 bps. Our 12 months order backlog grew 7.0% sequentially, and the pipeline remains strong across the UK, US and AMEA. We see good demand in Healthcare segment and AI-led solutions globally. Our AI-led services continue to scale, we closed 26+ new engagements delivering significant ROI for our customers using Generative and Agentic AI deployments. We added 17 new clients in the quarter, taking the total active client to 333. We remain committed to drive innovation and value for our clients, leveraging our AI-first approach. We are confident in our long-term strategy and our ability to deliver sustainable and profitable growth.”

Commenting on the Q3FY26 results, Deepak Kedia, Chief Financial Officer, Mastek, said: “We reported operating EBITDA margin of 16.1%, an increase of 60 bps Q-o-Q, this was after factoring in the impact of labour code changes and furloughs. Our PAT grew by 11.2% sequentially, with a 149 bps expansion in PAT margin resulting in increase of EPS to Rs. 34.7. We had a strong quarter adding Rs.210 crores in terms of operating cash . We have declared an interim dividend of 160% or Rs 8 per share.”