Mastek reported a resilient financial performance for the quarter and year ended March 31, 2026. Q4FY26 revenue grew by 3.6% year-on-year to ₹938.0 crore, while full-year FY26 revenue reached ₹3,698.8 crore, a 7.0% increase. The company maintained steady profitability with an operating EBITDA margin of 16.1% for the quarter. Mastek has proposed a final dividend of ₹16 per share, reflecting its continued commitment to shareholder returns.
Financial Performance Highlights
Mastek has demonstrated consistent operational rigor throughout FY26. The company’s revenue for the fourth quarter reached ₹938.0 crore, representing a 3.6% growth on a year-on-year basis. For the full fiscal year, total income grew by 8.4% to ₹3,769.2 crore. Despite absorbing annual wage revisions and labor code adjustments, the company sustained an operating EBITDA margin of 16.1% in Q4 and 15.8% for the full year.
Strategic Growth and AI Adoption
A key driver of Mastek’s momentum is its “Lead with AI” strategy. The company closed over 25 AI-assisted deals in the final quarter, bringing the full-year total to more than 85 deals. This strategic focus has led to a 12% improvement in revenue per employee. Additionally, the 12-month order backlog grew by 24.4% year-on-year, totaling ₹2,849.2 crore, which provides improved revenue visibility entering FY27.
Operational Expansion and Market Reach
The company continues to strengthen its global footprint, particularly in the UK and North America. The UK business emerged as a primary growth leader with 21.8% growth in INR terms for FY26, significantly bolstered by a 95% year-on-year expansion in the healthcare sector. Mastek’s diversified portfolio includes major wins in financial services, public sector health authorities, and energy storage, highlighting its capability to drive digital and cloud transformations across complex, regulated industries.
Shareholder Returns and Future Outlook
Reflecting confidence in its robust cash generation—which saw a closing balance of ₹938.5 crore—the Board has recommended a final dividend of ₹16 per share. This brings the total distribution for FY26 to 480%, compared to 460% in the previous fiscal year. With new leadership in place for finance and human resources, Mastek enters the new year with a solid foundation and a clear path toward accelerated growth.
Source: BSE
