Synopsis:
Mastek reported Q1 FY26 revenue of Rs. 914.7 crore, up 1 percent QoQ and 12.5 percent YoY, with net profit rising 13 percent QoQ to Rs. 92.1 crore; order backlog reached Rs. 2,348 crore.
During Monday’s trading session, shares of a global provider of enterprise AI, digital, and cloud services moved up by nearly 13 percent on BSE, after announcing financial results for Q1 FY26 with a net profit growth of around 13 percent QoQ and 29 percent YoY.
At 10:52 a.m., the shares of Mastek Limited were trading in the green at Rs. 2,775 on BSE, up by around 11 percent, as against its previous closing price of Rs. 2,491.7, with a market cap of Rs. 8,588.5 crores. The stock has delivered positive returns of around 4 percent in the last one year, and has gained by over 12 percent in one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, Mastek Limited announced the financial results for Q1 FY26 on Friday after market hours. For Q1 FY26, Mastek reported a consolidated revenue from operations of Rs. 914.7 crores, marking around a 1 percent QoQ marginal growth compared to Rs. 905.4 crores in Q4 FY25, and a year-on-year increase of about 12.5 percent from Rs. 813 crores recorded in Q1 FY25.
The company’s net profit for the quarter stood at Rs. 92.1 crores, reflecting a rise of around 13.5 percent QoQ compared to Rs. 81.1 crores in Q4 FY25, and a year-on-year increase of about 29 percent from Rs. 71.5 crores recorded in Q1 FY25.
At the operating level, EBITDA stood at Rs. 137.3 crores during Q1 FY26, improving from Rs. 124 crores in Q1 FY25, but declined from Rs. 138.8 crores recorded a year ago. Meanwhile, EBITDA margins declined marginally to 15 percent in Q1 FY26 from 15.3 percent recorded in the previous quarter and 15.2 percent in Q1 FY25. As of Q1 FY26, Mastek’s order backlog stood at Rs. 2,348 crores, as compared to Rs. 2,291 crores in Q4 FY25 and Rs. 2,168.8 crores in Q1 FY25.
Mastek Limited is a provider of vertically focused enterprise technology solutions, with a portfolio including business and technology services comprising application development, application maintenance, business intelligence and data warehousing, testing & assurance and legacy modernisation. The company carries out its operations in India and has its software development centres in India at Mumbai, Pune, Chennai, and Mahape.
Written by Shivani Singh
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