Mastek Q3FY26 Results: Net Profit Rises 11% QoQ, EBITDA Margin Expands to 16.1%, Interim Dividend Declared

Mumbai, January 21, 2026: Mastek Limited (NSE: MASTEK, BSE: 523704) on Tuesday reported a resilient performance for the third quarter of FY26, with profitability improving sequentially despite near-term revenue softness. The company also announced an interim dividend of ₹8 per equity share.
For the quarter ended December 31, 2025, Mastek reported consolidated revenue from operations of ₹905.7 crore, up 4.2 percent year-on-year, while profit after tax rose 11.2 percent quarter-on-quarter to ₹108.4 crore, supported by margin expansion and strong cash generation.

Key Financial Highlights​

Consolidated Performance Q3FY26​

For the nine months ended December 2025, revenue from operations stood at ₹2,760.8 crore, up 8.3 percent year-on-year, while net profit was ₹297.8 crore.

Order Book and Cash Position​

The 12-month order backlog rose to ₹2,658.5 crore, reflecting 24.3 percent year-on-year growth and 7 percent sequential growth, indicating sustained demand across key geographies.
Cash, cash equivalents and mutual fund investments increased to ₹798.8 crore as of December 31, 2025, compared with ₹656.1 crore at the end of September 2025. The company generated ₹210 crore in operating cash during the quarter.

Management Commentary​

Umang Nahata, Chief Executive Officer, said the quarter was impacted by furloughs and the timing of project go-lives, particularly in the US and AMEA markets. He added that operational discipline and AI-led efficiencies helped deliver margin expansion and a strong pipeline.
Deepak Kedia, Chief Financial Officer, said the improvement in profitability came despite cost headwinds, with a notable expansion in PAT margin and higher earnings per share.

Segment and Operational Performance​

Mastek added 17 new clients during the quarter, taking the total active client base to 333. Employee strength stood at 4,676, with attrition easing to 17.6 percent on a last-twelve-month basis.

Revenue Mix by Industry Q3FY26​

• Government and Education: 39.7 percent
• Health and Life Sciences: 24.9 percent
• Retail and Consumer: 11.0 percent
• Manufacturing and Technology: 11.8 percent
• Financial Services: 12.6 percent

Revenue Mix by Service Line Q3FY26​

• Digital and Application Engineering: 52.0 percent
• Oracle Cloud and Enterprise Applications: 25.5 percent
• Digital Commerce and Experience: 10.4 percent
• Data, Automation and AI: 12.0 percent

Key Business Wins​

During the quarter, the company secured multiple strategic engagements across public sector, healthcare, financial services, manufacturing and technology. These included long-term contracts with government agencies in the UK, healthcare systems in Europe and asset managers and life sciences firms in the US, alongside enterprise modernisation projects in Australia and the Middle East.

Dividend Announcement​

The board declared an interim dividend of 160 percent, amounting to ₹8 per equity share, reflecting confidence in cash flows and balance sheet strength.

About the Company​

Mastek Limited is a global provider of enterprise AI, digital engineering and cloud services, serving clients across public sector, healthcare, retail, manufacturing and financial services. The company is listed on both the NSE and BSE and operates across more than 40 countries with a workforce of nearly 5,000 employees.

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