Mastek Reports Strong Q4FY26 and FY26 Results, Driving Growth with AI-First Digital Transformation

Mastek Reports Strong Q4FY26 and FY26 Results, Driving Growth with AI-First Digital Transformation​

Mastek Limited, a digital engineering and cloud transformation partner, announced its financial results for the Fourth Quarter (Q4FY26) and Full Year (FY26) ended on March 31, 2026. The company highlighted continued robust momentum, supported by 25 new AI-assisted deals in the quarter, and saw its 12-month order backlog grow by 24.4% year-over-year.

Mastek reported Q4FY26 revenue from operations at ₹ 938.0 crore, representing a 3.6% increase year-over-year (Y-o-Y). Furthermore, the company announced a proposed Final Dividend of ₹ 16 per share, which will cumulatively amount to 480% for FY26.

Consolidated Financial Performance Review​

Reviewing the consolidated financial performance shows steady growth across key metrics for the quarter and the full fiscal year.

The financial performance for the quarter ended March 31, 2026, demonstrated the following figures:


On an annual basis for FY26, the company recorded total income of ₹ 3,769.2 crore, up 8.4% Y-o-Y.

Operational Strengths and Growth Drivers​

Umang Nahata, Chief Executive Officer, Mastek, emphasized the continued positive trend, stating that Q4FY26 revenue improved by 3.6% sequentially. This momentum was supported by the 24.4% Y-o-Y growth in the 12-month order backlog, driven specifically by strength in the UK and US orderbook, which enhances revenue visibility.

The UK market continues to lead growth for FY26 with 21.8% in INR terms, bolstered by a strong focus on healthcare, which saw a 95% Y-o-Y growth, alongside new client wins in Financial Services. In North America, the company noted that leading indicators are turning positive, building confidence for a gradual recovery despite the market remaining dynamic.

The company’s commitment to Artificial Intelligence (AI) is showing measurable results. Over the quarter, Mastek closed more than 25 AI-assisted deals, taking the full-year total to over 85 deals. This AI-focused approach helped achieve a 12% improvement in revenue per employee and maintained EBITDA margins at 16.1%.

Deepak Kedia, Chief Financial Officer, noted that the firm maintained steady profitability with operating EBITDA margins of 16.1% and PAT margins of 11.0%, despite absorbing annual wage revisions and labour code true-ups. The focus on working capital efficiency resulted in DSO improving to 73 days and a healthy addition to cash and cash equivalents of ₹ 139.7 crore, reaching a closing cash balance of ₹ 938.5 crore.

Key Sector Wins and Engagements​

Mastek secured numerous strategic engagements across major industries, leveraging its AI capabilities.

Healthcare and Public Sector:

• The company is establishing the UK's first AI Centre of Excellence for a global financial services provider under a two-year strategic renewal. Mastek is leading the full AI agenda, including defining the Strategy & Roadmap and building bespoke AI agents.
• Mastek secured an engagement to implement a unified, federal-level patient data system for a US Federal health authority, enabling real-time access to patient information across states.
• Another strategic partnership involves building digital products for the UK's national health authority to monitor and prevent disease, optimizing the use of national health data.

Financial Services:
* Mastek secured a strategic partnership with South-East Asia's leading government-backed insurer to deliver a unified Financial Management platform. This Oracle solution enhances financial visibility and strengthens regulatory compliance across large-scale pension and insurance operations.

Technology and Manufacturing:

• Mastek won a strategic transformation for a global energy storage and logistics leader, unifying over 30 siloed business systems into a single Oracle platform, providing end-to-end data visibility for Finance, HR, Procurement, and Supply Chain.
• The company also secured a strategic partnership with a US technology company to deliver a unified, globally aligned digital foundation, including migration to Oracle Redwood's next-generation experience.

Key Achievements and Recognitions​

Mastek received significant industry recognition during the reporting period:

• ISG: Mastek was recognized for its Healthcare AI Development and Delivery Services and Healthcare Digital Services 2025 for the U.S. market, covering Payer and Provider Digital Transformation segments.
• Avasant: The company was named a "Global Challenger" in Avasant's Salesforce Services 2025 RadarView for delivering multi-cloud Salesforce solutions.
• Gartner: Mastek was included in the Gartner Market Guide for Microsoft 365 Implementation and Support Services, Worldwide 2026.
• IDC: Mastek was recognized in the IDC ServiceScape -MidMarket for Salesforce Implementation in the US region.

In terms of workforce metrics, the company recorded a total employee count of 4,730 as of March 31, 2026. The 12-month order backlog stood at ₹ 2,849.2 crore, reflecting a growth of 24.4% Y-o-Y.

MASTEK Stock Price Movement​

Today, Mastek Limited shares edged higher, climbing 3.14% to close at ₹1746. The stock traded on a volume of 134,265 shares, finishing its session near its intraday high of ₹1754.9.

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