Mastek reported a resilient performance for the fourth quarter and full year ending March 31, 2026. The company achieved Q4FY26 revenue of ₹938.0 crore, representing 3.6% year-on-year growth. Throughout FY26, Mastek secured over 85 new AI-assisted deals, helping sustain an operating EBITDA margin of 16.1% for the quarter. The board has recommended a final dividend of ₹16 per share, reflecting continued commitment to shareholder value.
Fiscal Year 2026 Financial Highlights
Mastek concluded the fiscal year with strong operational metrics. The company reported full-year revenue from operations of ₹3,698.8 crore, a 7.0% increase over the previous year. Operating EBITDA for FY26 stood at ₹585.6 crore, with a margin of 15.8%. This performance was supported by robust growth in the UK business, which saw 21.8% growth in INR terms, particularly driven by a 95% year-on-year surge in the healthcare sector.
Strategic Focus on AI Integration
The company’s ‘Lead with AI’ strategy has become a central growth engine. In Q4FY26 alone, Mastek closed over 25 AI-assisted deals, contributing to an 85+ deal total for the full year. This strategic focus has enabled a 12% improvement in revenue per employee, demonstrating the efficiency gains achieved through AI-led transformation. Additionally, the company’s 12-month order backlog grew by 24.4% year-on-year, signaling strong revenue visibility entering FY27.
Operational Excellence and Market Expansion
Operational efficiency remained a priority, with days sales outstanding (DSO) improving to 73 days and a healthy cash balance of ₹938.5 crore. Mastek strengthened its leadership team with new appointments for the Chief Financial Officer and Chief Human Resources Officer roles to support future scaling. The company also gained significant recognition from industry analysts, including ISG, Avasant, Gartner, and IDC, for its leadership in healthcare AI and multi-cloud Salesforce solutions.
Diverse Project Wins
During the final quarter, Mastek secured several high-impact engagements across key geographies:
- UK & Europe: Established the UK’s first AI Centre of Excellence for a global financial services provider.
- Americas: Won a strategic engagement to implement a unified, federal-level patient data system for a US Federal health authority.
- Global: Partnered with a leading South-East Asian government-backed insurer to deliver a unified financial management platform powered by AI.
Source: BSE
