Mastek Earnings Conference Call Transcript for Quarter Ended Sep 30, 2025
Mastek's Q2 FY26 revenue reached ₹940 Cr, up 8.4% YoY. EBITDA at ₹145.5 Cr with 15.5% margin. Won deals in UK & US. Expects CFO to join soon. Focus on AI & mid-market growth.
The announcement highlights steady financial performance and new strategic initiatives, which could have a moderate positive impact on the company's future prospects.
The announcement conveys positive financial results, including revenue and EBITDA growth, along with significant deal wins and strategic focus areas.
* Mastek Limited announced the transcript of the Earnings Conference Call held on October 17, 2025, regarding the financial performance for the quarter and half-year ended September 30, 2025. * Operating revenue for the quarter stood at ₹940 crore, up 8.4% year-on-year and 2.8% sequentially (0.2% constant currency growth). * Operational EBITDA was ₹145.5 crore, a 6% quarter-on-quarter improvement and a 1.7% year-on-year growth, with an operating EBITDA margin of 15.5% (up 50 basis points from the last quarter). * Net profit for the year was ₹97.4 crore, up 6% quarter-on-quarter, but declined 24% year-on-year due to an exceptional gain of ₹44 crore in the base quarter. Excluding the exceptional item, profit grew 14% year-on-year. Net profit margin stood at 10.2% as compared to 9.9% in quarter 1. * The 12-month order backlog stood at around $280 million (₹2,331 crore), representing a 2.2% sequential growth and a 6.8% year-on-year growth. * Cash and cash equivalents currently stand at ₹656 crore as compared to the ₹549 crore in Q1. * DSO improved to 80 days versus 82 days in quarter 1 and 95 days in quarter 2 last year. * A GBP 50 million (₹522 crore)-plus AI-led engineering services deal was signed to deliver modernization and efficiency for the secured government services sector in the U.K. * A new $15 million (₹125 crore)-plus AI-led modernization, transformation deal was signed with a large financial services customer. * The company is expecting a new Chief Financial Officer to join early next month. * Umang Nahata, CEO, stated that the company continues to see consistent performance with stable results despite geopolitical and macro uncertainties and is focused on geo diversity, AI, and growth in the mid-market segment.
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