Mastek Q1FY27 Revenue Rises 5.0% QoQ to ₹985.3 Crore; AI Drives 40+ New Deals
Mastek reported Q1FY27 revenue of ₹985.3 crore, up 5.0% QoQ and 7.7% YoY. Operating EBITDA was ₹151.4 crore, up 10.2% YoY. The company secured over 40 new AI deals, with AI contributing 45% to the new order book. Order backlog grew 25% YoY to ₹2,935.2 crore. Net profit increased 15% YoY to ₹105.9 crore.
The results show steady growth and a positive outlook driven by AI, with a notable increase in order backlog. However, the impact is moderate as there are no groundbreaking financial figures or major strategic shifts announced that would drastically alter the company's trajectory.
The company reported year-on-year growth in revenue and net profit, along with a significant increase in order backlog and a strong pipeline of AI deals, indicating positive business performance and future outlook.
Mastek Limited announced its unaudited financial results for the First Quarter of FY27 ended on June 30, 2026. The company reported revenue from operations of ₹985.3 crore, a 5.0% increase quarter-on-quarter (QoQ), and a 7.7% increase year-on-year (YoY).
Operating EBITDA stood at ₹151.4 crore, marking a 0.4% QoQ increase and a 10.2% YoY increase. The Operating EBITDA margin was 15.4%, a slight sequential decline of 71 basis points (bps).
Net Profit for the quarter was ₹105.9 crore, a marginal 0.3% decrease QoQ but a significant 15.0% increase YoY. The Net Profit margin was 10.6%.
The company highlighted strong momentum in AI, securing over 40 new deals in Q1FY27. The 12-month order backlog grew by 25.0% YoY in rupee terms to ₹2,935.2 crore ($310.1 million).
Umang Nahata, Chief Executive Officer, stated that Mastek is leading with AI, with approximately 45% of the new order book coming from AI deals. The North America (NA) business secured a $25 million AI-led Salesforce deal. UK & Europe business showed 6.5% sequential revenue growth, while NA business also grew by 6.2% sequentially.
Deepak Kedia, Chief Financial Officer, noted a 1.8% constant currency revenue growth and an EBITDA performance of 15.4%, with a sequential decline attributed to delayed collections in the Middle East. The company's net cash and investment position improved by approximately ₹200 crore over the last two quarters, reaching ₹945 crore at the end of the quarter.
Mastek secured several key engagements, including a digital transformation project for one of England’s largest councils, modernization of a UK education technology platform, and transformation of service delivery for a US Federal security agency. Other wins include engagements in Saudi Arabia for investment banking and healthcare transformation, and multiple programs within the UK’s national health authority.
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