ALFA Finder| Management target | Revenue FY27 |
|---|
| Revenue growth | 5% QoQ INR growth; 1.8% constant currency growth. |
|---|---|
| Margins | EBITDA at 15.4%; pressured by Middle East and ESOP costs. |
| Order book | 12-month backlog at $310M, up 25% YoY in INR. |
| Demand visibility | Positive AI demand; 40+ new AI-led deals closed this quarter. |
| Management confidence | Confident on UK/US; cautious but observant regarding Middle East volatility. |
Growth
Revenue grew 5% QoQ in INR terms and 1.8% in constant currency; 12-month backlog up 25% YoY.
Outlook
Expects FY27 performance to exceed FY26; North America to hit $30M quarterly run rate for margin recovery.
Risks
Middle East instability impacting execution; high bench costs; ESOP and wage hike impacts on near-term margins.
Last quarter's promises, checked
Delivered
- Guided FY27 growth > FY26 → delivered 5% QoQ INR growth (= BEAT)
- Guided stable margin 16-16.1% → delivered 16.1% in Q4 (= BEAT)
- Guided North America turnaround → delivered 2nd quarter positive order growth (= BEAT)
Partly delivered
- Guided AI-led deal scaling → delivered 27 programs but average size remains small at $1M (= PARTIAL)
Missed
- Guided Healthcare growth recovery → delivered QoQ dip due to timing (= MISS)
Earnings Call Transcript filed with BSE, NSE: MASTEK. Summary written with AI assistance from the document.
Mastek Ltd: key numbers
- Share price
- ₹1,479.00
- Market cap
- ₹4,586 Cr
- Revenue (annual)
- ₹3,699 Cr
- Net profit (annual)
- ₹404.0 Cr
- P/E (TTM)
- 10.8×Sector 23.6×
- Promoter holding
- 35.75%-0.01% QoQ
- FII holding
- 5.93%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Mastek Ltd
All →Mastek Other Announcement
Mastek Limited has announced a change in the corporate office address of its Registrar and Share Transfer Agent, KFin Technologies Limited. The change is effective December 1, 2026.
Mastek Management Change
Mastek Ltd appointed Mr. Niraj Khemka as Vice President – Finance. He will also lead Investor Relations for the company.
Mastek Capacity Expansion
Mastek Limited has expanded its technology centre in Trichy to accommodate 150–200 professionals. The facility will focus on Salesforce, Oracle, Data, and AI innovation.
- workforce capacity
- 200.0 professionals
Mastek Earnings Call Transcript: Key Takeaways
Mastek delivered stable revenue growth but faced significant margin pressure from wage hikes and shifting project mixes, particularly in the UK.
Mastek Results Update
Mastek reported Q2FY27 revenue of ₹1,018.7 crore, up 3.4% QoQ, and net profit of ₹105.7 crore. AI deals contributed ~45% of its order book.
Mastek Q2 FY27 Results: Net Profit ₹105.7 Cr, Up 8.4% YoY
Mastek Ltd reported revenue from operations of ₹1,019 Cr (+8.3% YoY) and net profit of ₹105.7 Cr (+8.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹105.7 Cr · +8.4% YoY