Mastek announced its Q3FY26 results with revenue at Rs 905.7 crore, up by 4.2% Y-o-Y. The company saw continued momentum with 26+ new AI deals. Operating EBITDA margin increased to 16.1%, up 60 bps Q-o-Q. The total order backlog grew by 36.6%. Mastek added 17 new clients in the quarter, bringing the total to 333.
Key Financial Highlights
Mastek reported strong financial performance for Q3FY26:
- Revenue: Rs 905.7 crore, a 4.2% year-over-year increase.
- Operating EBITDA Margin: 16.1%, up 60 bps from the previous quarter.
- Net Profit (PAT): Rs 108.4 crore, up 11.2% Q-o-Q.
Order Backlog Growth
The company’s order backlog shows positive momentum:
- Total order backlog grew by 36.6%.
- The 12-month order backlog increased by 24.3% Y-o-Y in rupee terms.
New Client Acquisition
Mastek continues to expand its client base:
- Added 17 new clients during Q3FY26.
- Total active clients now stand at 333.
Key Wins and Projects
Mastek secured several key wins during the quarter, including:
- A three-year contract with a UK central government to support a national biometrics platform.
- A deal with a UK-based financial statutory regulator to strengthen their Digital Delivery Hub.
- A strategic consulting engagement with a US-based global asset manager to modernize their enterprise data platform.
- A partnership with an Australian local government to modernize city operations.
- Engagement with England’s Healthcare System to support Digital Prevention Portfolio.
Sustainability and Recognition
Mastek has significantly improved its sustainability performance and received industry recognition:
- Increased S&P Global ESG Corporate Sustainability Assessment (CSA) score to 82/100.
- Recognized as a Leader in Smart/Digital Factory Services by ISG Provider Lens™ 2025.
Service Line Performance
Mastek’s revenue by service line in Q3FY26 includes:
- Digital & Application Engineering: 52.0%
- Oracle Cloud & Enterprise Apps: 25.5%
- Digital Commerce & Experience: 10.4%
- Data, Automation and AI: 12.0%
Source: BSE
