Quarter Ended: March 2026
Mastek Limited – Q4 FY26 Results Analysis
NSE
mastek
BSE
523704
Revenue growth remains steady, but profitability is impacted by exceptional losses and rising cost structure. Core operations remain stable with strong cash generation
key financial highlights
- Revenue from Operations:
- Q4 FY26 Revenue: ₹93,800 Lakhs
- QoQ Change: +3.6% (from ₹90,568 Lakhs)
- YoY Change: +3.6% (from ₹90,542 Lakhs)
- Profit After Tax (PAT):
- Q4 FY26 PAT: ₹10,615 Lakhs
- QoQ Change: -2.0% (from ₹10,835 Lakhs)
- YoY Change: +31.0% (from ₹8,107 Lakhs)
- QoQ Trend Insight:
- Revenue Trend: Mild Growth
- Profit Trend: Slight Decline
Margin Analysis
- Increase in employee cost (core IT services pressure)
- Higher other expenses
- Impact of exceptional loss (₹2,373 Lakhs)
- Slight increase in finance cost
Key Signal: Margins are under pressure despite revenue growth, indicating cost inflation + one-off impact
Segment performance
Segment Insight:
Mastek remains Europe-heavy, with UK & Europe contributing the majority of revenue
Characteristics:
- Geographic concentration risk
- North America showing softness
- Emerging markets stable but small
Earning quality check
Drivers:
- Strong operating cash flow
- Stable core operating profit
- Exceptional losses affecting reported earnings
Interpretation: Earnings are operationally strong but optically suppressed due to non-recurring items
balance sheet analysis
- Total Assets: ₹4,30,883 Lakhs
- Total Liabilities: ₹1,31,698 Lakhs
Indicates: Strong equity base growth, Reduction in long-term borrowings, Healthy cash position (₹70,433 Lakhs)
key risks
- Margin compression due to rising costs
- Dependence on UK & Europe geography
- Exceptional losses volatility
- Client concentration in IT services
management strategy
- Strengthening Europe business
- Improving operational efficiency
- Managing cost structures
- Strategic investments & acquisitions
Financial Metrics
| Particular | In ₹ Lakhs | Q.O.Q (%) | Y.O.Y(%) |
|---|---|---|---|
| Total Income | 96,187 | +3.8 | +5.8 |
| PBT | 12,523 | -11.3 | +18.2 |
| PAT | 10,615 | -2.0 | +31.0 |
| EPS | 34.25 | -2.1 | +30.5 |
Mastek delivers consistent revenue growth, but profitability is impacted by cost pressures and exceptional losses. Core business remains healthy, supported by strong cash flows and stable segment performance.
Official Exchange Filing: Mastek Limited
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED