Conference Call with Mastek Ltd. Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Mastek announced Q3FY26 results Revenue: Rs 905.7 crore against Rs 869.5 crore During Q3FY25, change 4%. EBITDA: Rs 145.6 crore against Rs 140.7 crore During Q3FY25, change 3%. EBITDA Margin: 16.1% for Q3FY26. PAT: Rs 108.4 crore against Rs 94.7 crore During Q3FY25, change 14%. PAT Margin: 11.7% for Q3FY26. EPS: Rs 34.7 for Q3FY26. Umang Nahata, Chief Executive Officer, Mastek, said: “In Q3FY26, our revenue declined by 3.7% QoQ in rupee terms, primarily due to higher furloughs, planned project go-livesin the US and AMEA, and right-shift of a few engagements. Despite these near-term headwinds and seasonal softness, we continue to execute with operational discipline and AI led efficiencies resulting in another quarter of healthy EBITDA QoQ growth of 60 bps. Our 12 months order backlog grew 7.0% sequentially, and the pipeline remains strong across the UK, US and AMEA. We see good demand in Healthcare segment and AI-led solutions globally. Our AI-led services continue to scale, we closed 26+ new engagements delivering significant ROI for our customers using Generative and Agentic AI deployments. We added 17 new clients in the quarter, taking the total active client to 333. We remain committed to drive innovation and value for our clients, leveraging our AI-first approach. We are confident in our long-term strategy and our ability to deliver sustainable and profitable growth.” Deepak Kedia, Chief Financial Officer, Mastek, said: “We reported operating EBITDA margin of 16.1%, an increase of 60 bps QoQ, this was after factoring in the impact of labour code changes and furloughs. Our PAT grew by 11.2% sequentially, with a 149 bps expansion in PAT margin resulting in increase of EPS to Rs 34.7. We had a strong quarter adding Rs210 crores in terms of operating cash . We have declared an interim dividend of 160% or Rs 8 per share.” Result PDF