Mid-tier IT company Mastek Ltd delivered robust financial performance in the first quarter, with consolidated net profit surging 15% year-on-year to ₹105.88 crore compared with ₹92.05 crore in the corresponding quarter last year. According to reports from The Hindu BusinessLine, this strong profit growth demonstrates the company's operational efficiency improvements during the quarter. The latest results show the company maintaining its strong momentum in profitability growth, with the company's consolidated PAT for the quarter ended June 2026 showing significant improvement from the previous year.
The company's revenue from operations increased 7.7% year-on-year to ₹985.25 crore, up from ₹914.70 crore in Q1 of the previous year, as reported by The Hindu BusinessLine. Mastek also achieved EBITDA growth of 11.9% to ₹133 crore, rising from ₹119 crore in the year-ago period. The company maintained steady EBITDA margins at 13% during the quarter, indicating consistent operational performance. However, on a standalone basis, PAT fell 50.3% to ₹20.80 crore in Q1FY27, compared with ₹41.89 crore in Q1FY26, reflecting the impact of geopolitical uncertainties on certain business segments.
Despite the strong quarterly results, Mastek shares declined over 4% on Wednesday, trading at ₹1,687.40 on the NSE and hitting a low of ₹1,669, compared with the previous close of ₹1,746.60, according to The Hindu BusinessLine. CFO Deepak Kedia noted that the company's Q1 performance demonstrated resilience, with 1.8% constant currency revenue growth and EBITDA performance at 15.4%, though this represented a sequential decline largely due to delayed collection in the Middle East. The company's net cash and investment position improved by around ₹200 crore over the last two quarters, reaching ₹945 crore at the end of the quarter. CEO Umang Nahata acknowledged that while the long-term growth outlook remains positive, the Middle East business is seeing an impact due to geopolitical uncertainties.
