Mastek523704Quarterly results

Q2FY27 results: revenue Rs 1,018.7 crore, up 3.4% Q-o-Q; net profit Rs 105.7 crore

Mastek has released its Q2FY27 press release and investor presentation on unaudited results for the quarter and half-year ended 30 September 2026.

By ScoutQuest · Fri 23 Oct 2026, 4:05 PM IST · 3 min read

Revenue from operations: Rs 1,018.7 crore, up 3.4% Q-o-Q and 8.3% Y-o-Y
Net profit: Rs 105.7 crore
12-month order backlog: Rs 2,742.8 crore, up 10.4% Y-o-Y

Results at a glance

These are the consolidated numbers for the quarter ended 30 September 2026, as stated in the press release.

Total income: Rs 1,030.4 crore, up 3.3% Q-o-Q and 7.8% Y-o-Y
Revenue from operations: Rs 1,018.7 crore, up 3.4% Q-o-Q and 8.3% Y-o-Y
Operating EBITDA: Rs 146.2 crore, 14.4% of operating income, down 109 bps Q-o-Q and 121 bps Y-o-Y
Net profit: Rs 105.7 crore, 10.3% of income, up 8.4% Y-o-Y
Diluted EPS: Rs 33.9, against Rs 31.2 in the same quarter a year earlier

In dollar terms, revenue from operations was $107.3 million, up 2.4% Q-o-Q and down 0.8% Y-o-Y.

Order book and demand

The 12-month order backlog is Rs 2,742.8 crore ($286.2 million) as on 30 September 2026, up 10.4% in rupee terms and 2.3% in dollar terms Y-o-Y
53 new AI deals were signed in the quarter, contributing to about 45% of the overall order book
The CEO said UK & Europe revenue grew 4.1% sequentially in rupee terms, backed by financial services and the public sector; North America grew sequentially with a strong order book; the Middle East continues to be impacted by geopolitical uncertainties
The CFO described the quarter as strong despite continuing macro challenges, with 2.4% constant currency revenue growth

Client engagements mentioned

A Service-as-Software engagement with a US multi-practice senior care and skilled nursing provider: a 16-month build phase followed by 36 months of operations
A five-year strategic partnership with a NYSE-listed global dental technology leader as multi-pillar delivery partner
A cyber security service delivery partnership with one of the UK's most security-critical departments
A process transformation engagement with a UK Territorial Police Department, covering finance, procurement, human resources and payroll
A 3-year, outcome-based managed services partnership with a global classification society for its Oracle Cloud estate
A strategic engagement to lead one of MENA's largest private hospital group's enterprise transformations

People and costs

Total employees stood at 4,810 as on 30 September 2026, a net reduction of 87 during the quarter; 3,171 employees were based in India
Last twelve months attrition was 15.2% in Q2FY27, against 16.4% in Q1FY27
The CFO said EBITDA performance of 14.4% was impacted by annual increments

Cash position

Total cash, cash equivalents and investments: Rs 930.6 crore as on 30 September 2026, against Rs 945.4 crore as on 30 June 2026
Net cash, cash equivalents and investments of Rs 37 crore were added during the quarter, despite a dividend payout of about Rs 50 crore and loan repayment of about Rs 55 crore

Recognition named in the release

Everest: recognised as a Major Contender in the PEAK Matrix Retail Digital Services Assessment
IDC: recognised as a Major Player in the Oracle Implementation Services 2026 Vendor Assessment globally
ISG: recognised as a Leader in Provider Lens Public Sector Services and Solutions U.K, a Contender in Generative AI and Agentic AI services globally, and a Product Challenger in AI-Driven ADM Services

How to read this

Revenue and net profit were both higher than the same quarter a year earlier, and the order book grew in rupee terms. Sequentially, revenue rose while operating EBITDA and net profit were slightly lower, and the EBITDA margin narrowed both Q-o-Q and Y-o-Y. The company's commentary points to growth in the Data & AI business, continuing macro challenges, and geopolitical uncertainty in the Middle East. The figures are unaudited.

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