The company’s revenue increased 7.7% year-on-year to ₹985.3 crore, compared with ₹914.7 crore in Q1 of the previous year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 10.2% year-on-year to ₹151.4 crore, from ₹137.3 crore in the year-ago period. The company’s EBITDA margin remained flat at 15% during the quarter compared with the corresponding period last year.
Mastek’s 12-month order backlog stood at ₹2,935.2 crore ($310.1 million) as of June 30, 2026, registering a 25% year-on-year growth in rupee terms and 13.3% growth in dollar terms.
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As of June 30, 2026, the company had 4,897 employees, having added 167 employees during the quarter. Of the total workforce, 3,283 employees were based in India. The company’s attrition rate for the last 12 months declined by 1 percentage point to 16.4%.
Mastek’s cash, cash equivalents and fair value of mutual funds stood at ₹945.4 crore as of June 30, 2026. The company added around ₹200 crore in operating cash over the last two quarters.
Umang Nahata, Chief Executive Officer, Mastek, said, “We are leading Mastek into an AI transformational company in select verticals. Our ‘Lead with AI’ strategy is delivering directional change with ~45% of new order book coming from AI deals. NA won an AI-led Salesforce $25mn deal.
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UK & Europe business continues to deliver strongly with 6.5% sequential revenue growth in rupee terms, backed by good momentum in financial services and public sector. NA business also delivered a strong quarter with 6.2% sequential revenue growth in rupee terms. Overall, our long-term growth outlook remains positive; however, our Middle East business is seeing an impact due to geopolitical uncertainties.”
Deepak Kedia, Chief Financial Officer, Mastek, said, “Our Q1 performance demonstrated resilience, with 1.8% constant currency revenue growth. Our EBITDA performance was 15.4%, which was a sequential decline largely due to delayed collection in the Middle East.
We remain focused on operational efficiency, disciplined cost management, and AI-led productivity. Our net cash and investment position has improved by ₹200 crore over the last two quarters, with a ₹945 crore cash and investment position at the end of the quarter.”
Shares of Mastek Ltd ended at ₹1,740.10, down by ₹4.10, or 0.24%, on the BSE.
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