Mastek Limited · NSE:MASTEK
Mastek — Q4 FY26 Earnings Presentation
37 slides from Mastek's earnings presentation, Apr 18, 2026
Slide 1: Exchange cover letter: Press Release and Investor Presentation
SEC/006/2026-27 April 17, 2026 Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited 25th Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra Kurla Complex, Mumbai-400 001 Bandra (E), Mumbai – 400 051 SCRIP CODE: 523704 S
Slide 2: Press Release | Q4FY26
Trust. Value. Velocity. Press Release | Q4FY26
Slide 3: Q4FY26 revenue at Rs 938.0 crore, up by 3.6% Y-o-Y
For Immediate Release Q4FY26 revenue at Rs 938.0 crore, up by 3.6% Y-o-Y • Continued strong momentum with 25+ new AI deals in quarter • 12 months order backlog grew by 24.4% Y-o-Y in rupee terms • Proposed Final Dividend of Rs 16 per share, cumulating to 480% for FY26 Mumbai, India 17th April 2026:
Slide 4: CFO commentary on Q4FY26 results
For Immediate Release Commenting on the Q4FY26 results, Deepak Kedia, Chief Financial Officer, Mastek, said: “We delivered another quarter of resilient performance, sustaining steady profitability with operating EBITDA margins of 16.1% and PAT margins of 11.0%, despite absorbing the impact of annual
Slide 5: Operating Highlights
For Immediate Release Figures in Rs Crores FY26 FY25 Y-o-Y Growth Net Profit % 10.7% 10.8% (9)bps EPS (Rs) – Diluted 129.5 120.7 Operating Highlights • New accounts added during the quarter: The Company added 12 new clients in Q4FY26. Total active clients during Q4FY26 were 326 as compared to 333 in
Slide 6: Key client wins
For Immediate Release government-backed insurer. The Oracle solution provides real-time financial visibility, AI- driven claims processing, and strengthens regulatory compliance across large-scale pension and insurance operations. • Mastek secured a strategic engagement to build digital products tha
Slide 7: Key Achievements & Recognitions
For Immediate Release Key Achievements & Recognitions: • ISG: Mastek has been recognized by ISG for its Healthcare AI Development and Delivery Services, as well as Healthcare Digital Services 2025 for the U.S. market, across both Payer and Provider Digital Transformation segments. In addition, Maste
Slide 8: Investor / Analyst contact
For Immediate Release Investor / Analyst contact: Asha Gupta Investor Relation Practice, E&Y LLP Asha.Gupta@in.ey.com Shareholders may also contact Mastek via email at Investor_grievances@mastek.com, which has been specifically created for the redressal of investor grievances. You may also contact t
Slide 9: Thank You
For Immediate Release Thank You T Thank You Trust. Value. Velocity. _________________________________________________________________________________ 8 of 8
Slide 10: Investor Presentation Q4FY26
Investor Presentation Q4FY26 17th April 2026 Presented by: Umang Nahata | Chief Executive Officer, Mastek Group Deepak Kedia | Chief Financial Officer, Mastek Group Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 1
Slide 11: Agenda
Agenda Highlights of the 01 Quarter Financial & Operational 02 Performance Q4FY26 FY26 Full Year 03 Performance 04 Key Wins for the Quarter 05 Lead with AI Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 2
Slide 12: Highlights Of The Quarter
Highlights Of The Quarter Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 3
Slide 13: Highlights of Q4FY26
Highlights of Q4FY26 12 Months Order 3.6% Revenue Growth Year-on-Year 16.1% Margin Operating EBITDA 24.4% backlog Year-on-Year Growth Q4FY26 revenue at Q4FY26 Op. EBITDA at 12 Months Order backlog at ₹ 938.0 Crore ₹ 150.7 Crore ₹ 2,849.2 Crore 12 months order backlog Total Income grew by Op. EBITDA
Slide 14: Highlights of FY26
Highlights of FY26 12 Months Order 7.0% Revenue Growth Year-on-Year 15.8% Margin Operating EBITDA 24.4% backlog Year-on-Year Growth FY26 revenue at FY26 Op. EBITDA at 12 Months Order backlog at ₹ 3,698.8 Crore ₹ 585.6 Crore ₹ 2,849.2 Crore 12 months order backlog Total Income grew by Op. EBITDA grew
Slide 15: Key Achievements & Recognitions
Key Achievements & Recognitions • Strong Positioning in Healthcare and particularly AI • 2026 Gartner's Market Guide for Microsoft 365 led Healthcare practice – Recognized by ISG Implementation and Support Services • Recognized by Everest as “Top 50 Store Services • IDC ServiceScape: U.S. Mid-market
Slide 16: Financial & Operational Performance Q4FY26
Financial & Operational Performance Q4FY26 Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 7
Slide 17: Financial Performance
Financial Performance 16.8% 1,000 16.0% 16.5% 16.2% 15.5% 16.1% 18.0% 15.3% 15.0% 900 15.2% 16.0% 800 14.0% 14.7% 700 12.0% 600 12.0% 11.7% 10.8% 11.0% 10.0% 500 9.9% 10.2% 8.8% 8.9% 8.0% 400 6.0% 300 4.0% 200 2.0% 100 780 813 867 870 905 915 940 906 938 - 0.0% Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1F
Slide 18: Consolidated Financial Highlights Q4FY26
Consolidated Financial Highlights Q4FY26 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 16.8% 16.1% 11.7% 11.0% 15.3% 8.9% 2,290.9 2,658.5 2,849.2 905.4 905.7 938.0 138.8 152.0 150.7 108.4 10
Slide 19: Consolidated Financial Summary – Q4FY26
Consolidated Financial Summary – Q4FY26 QoQ YoY Key Performance Metrics Q4FY26 Q3FY26* Q4FY25 Growth Growth Revenue from Operations ($mn) $103.5 $102.1 $104.6 1.4% (1.1)% Revenue from Operations (₹ Crore) 938.0 905.7 905.4 3.6% 3.6% Revenue Other Income (₹ Crore) 23.9 20.9 3.6 14.3% 566.8% Total Inc
Slide 20: Operating Metrics Q4FY26
Operating Metrics Q4FY26 Strengthening our business Q4FY26 Q3FY26 Q4FY25 New Clients Added 12 17 11 Active Client during the Quarter 326 333 348 Client Base Top 5 33.9% 34.5% 34.8% Top 10 46.2% 47.0% 44.7% No. of Clients with Annual Billing > USD 1mn 69 73 77 Total Employee 4,730 4,676 5,028 • Offsh
Slide 21: Revenue Analysis Q4FY26 – Consolidated
Revenue Analysis Q4FY26 – Consolidated Balancing Our Portfolio Revenue by Market Region Revenue by Contract Type 14.3% 11.4% 12.1% 22.5% 21.5% 40.5% 42.2% 42.7% 26.0% 59.7% 66.1% 66.4% 59.5% 57.8% 57.3% Q4FY25 Q3FY26 Q4FY26 Q4FY25 Q3FY26 Q4FY26 UK & Europe US AMEA Time & Material Fixed Price Investo
Slide 22: Revenue By Industry Segments Q4FY26
Operational Performance Revenue By Industry Segments Q4FY26 – Consolidated Q4FY26 40.2% 22.7% 10.6% 12.4% 14.1% Government & Education Health & Life Sciences Q3FY26 39.7% 24.9% 11.0% 11.8% 12.6% Retail/ Consumer Manufacturing & Technology Financial Services# Q4FY25 39.2% 23.9% 12.7% 12.6% 11.6% 0% 1
Slide 23: Revenue By Service Line Q4FY26
Operational Performance Revenue By Service Line Q4FY26 – Consolidated Q4FY26 50.8% 27.2% 9.6% 12.4% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q3FY26 52.0% 25.5% 10.4% 12.0% Digital Commerce & Experience Data, Automation and AI Q4FY25 47.9% 30.1% 11.7% 10.3% 0% 10% 20% 30% 40%
Slide 24: Financial & Operational Performance FY26
Financial & Operational Performance FY26 Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 15
Slide 25: Consolidated Financial Summary – FY26
Consolidated Financial Summary – FY26 YoY Key Performance Metrics FY26 FY25 Growth Revenue from Operations ($mn) $421.2 $408.4 3.1% Revenue from Operations (₹ Crore) 3,698.8 3,455.2 7.0% Revenue Other Income (₹ Crore) 70.4 22.3 216.0% Total Income (₹ Crore) 3,769.2 3,477.5 8.4% Op. EBITDA 585.6 546.
Slide 26: Balance Sheet Metrics FY26 – Consolidated
Balance Sheet Metrics FY26 – Consolidated Figures In ₹ Crore Cash & Cash Equivalent* LTM ROE# LTM ROCE# 473.3 622.2 938.5 16.1% 16.5% 14.8% 17.7% 16.9% 16.0% FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 # Return on Equity = PAT/Average Networth; Return on Capital Employed = EBIT/Average Capital Empl
Slide 27: Revenue Analysis FY26 – Consolidated
Revenue Analysis FY26 – Consolidated Balancing Our Portfolio Revenue by Market Region Revenue by Contract Type 15.9% 15.7% 12.4% 22.4% 41.8% 42.0% 41.0% 27.2% 27.0% 56.9% 57.3% 65.2% 58.2% 58.0% 59.0% FY24 FY25 FY26 FY24 FY25 FY26 UK & Europe US AMEA Time & Material Fixed Price Investor Presentation
Slide 28: Revenue By Industry Segments FY26
Operational Performance Revenue By Industry Segments FY26 – Consolidated FY26 39.5% 24.5% 11.1% 12.0% 12.8% Government & Education Health & Life Sciences FY25 40.5% 20.4% 13.6% 13.5% 12.0% Retail/ Consumer Manufacturing & Technology Financial Services# FY24 43.9% 16.3% 12.6% 15.3% 11.9% 0% 10% 20% 3
Slide 29: Revenue By Service Line FY26
Operational Performance Revenue By Service Line FY26 – Consolidated FY26 50.8% 26.6% 10.4% 12.3% Digital & Application Engineering Oracle Cloud & Enterprise Apps FY25 46.5% 31.3% 13.0% 9.2% Digital Commerce & Experience Data, Automation and AI FY24 44.3% 30.9% 17.6% 7.2% 0% 10% 20% 30% 40% 50% 60% 7
Slide 30: Key Wins for the Quarter
Key Wins for the Quarter Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 21
Slide 31: Key Wins: Government, Education & Financial Services
Key Wins for the Quarter Government, Education & Financial Services UK & Europe Americas Americas AMEA Client A global financial services provider A US Federal Cabinet-level health A progressive US city municipality South-East Asia's leading government- delivering accessible credit and insurance aut
Slide 32: Key Wins: Healthcare
Key Wins for the Quarter Healthcare UK & Europe UK & Europe AMEA AMEA Client A globally recognised provider of Government authority responsible for The UK's national health authority, One of the world's top-ranked hospital outsourced pharmaceutical research managing and regulating healthcare harness
Slide 33: Key Wins: Retail, Manufacturing & Technology
Key Wins for the Quarter Retail, Manufacturing & Technology UK & Europe Americas Americas AMEA Client A fast-growing US technology company A global leader in energy storage and One of America's leading recreational A leading structural steel and pre- delivering AI-powered mobile surveillance logisti
Slide 34: Lead with AI
Lead with AI Investor Presentation Q4FY26 Company Confidential © Mastek 2026. All rights reserved | 25
Slide 35: AI at Mastek Q4FY26
AI at Mastek Q4FY26 # in Q2’FY26 # in Q3’FY26 # in Q4’FY26 AI OB: 7m AI OB: 16.9m AI OB: 27.45m #AI Deals: 25 #AI Deals: 26 #AI Deals: 27 Geo Wise Q4FY26 Deals 4 Industry-wise Q4FY26 Deals 10 12 8 3 3 1 Manufacturing & Government & Healthcare & Life Retail & Financial Services Technology Education S
Slide 36: Mastek Enterprise AI Value Propositions
Mastek Enterprise AI Value Propositions Strategy & Governance Strategy Risk & Control AI Roadmap & Governance AI Governance — Risk & Regulatory Highest Repeat Pull Compliance-Led Engineering & Delivery Engineering QA& Augmentation Agentic SDLC / SDLC Fabric AI-Led QA COE & Human Agent QA PODs Speed
Slide 37: Thank You
Thank You D:\My Work\Template\Icons\Social D:\My Work\Template\Icons\Social Media\LinkedIN.png D:\My Work\Template\Icons\Social Media\YouTube.png Media\Facebook.png This presentation contains information that may be privileged or confidential and is the property of Mastek. Copyright © 2025 Mastek. A