Mastek Limited · NSE:MASTEK

Mastek — Q2 FY26 Earnings Presentation

31 slides from Mastek's earnings presentation, Oct 17, 2025

Slide 1: Cover letter to stock exchanges: Press Release and Investor Presentation
SEC/080/2025-26 October 16, 2025 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
Slide 2: Press Release | Q2FY26
Trust. Value. Velocity. Press Release | Q2FY26
Slide 3: Q2FY26 revenue at Rs 940.4 crore, up 8.4% Y-o-Y
For Immediate Release Q2FY26 revenue at Rs 940.4 crore, up by 8.4% Y-o-Y Continued strong momentum with 25+ new AI deals in this quarter • Operating EBITDA at Rs 145.5 crore, up 6.0% Q-o-Q • PAT at Rs 97.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12 months order backlog grew by 1
Slide 4: Review of Consolidated Financial Performance for Quarter ended 30th September 2025
For Immediate Release Review of the Consolidated Financial Performance for Quarter ended 30th September 2025: Figures in $mn Q2FY26 Q1FY26 Q-o-Q Growth Q2FY25 Y-o-Y Growth Revenue from Operations $108.2 $107.4 0.8% $103.6 4.5% Figures in Rs Crore Q2FY26 Q1FY26 Q-o-Q Growth Q2FY25 Y-o-Y Growth Total
Slide 5: Cash balance and key wins for the quarter
For Immediate Release locations. Employee count at the end of 30th June, 2025 was 4,824. Last twelve months attrition at 18.5% in Q2FY26 in comparison with 19.5% in Q1FY26. • Cash Balance: The total cash, cash equivalents and fair value of Mutual Funds stood at Rs 656.1 crore as on 30th September, 2
Slide 6: Key wins: managed services and partnerships
For Immediate Release • Mastek secured a five-year Managed Services contract with a top European biodegradable ingredients producer for optimizing Oracle Cloud HCM. The partnership aims to ensure stability, rapid resolutions, better service governance, continuous digital enhancements, and improved H
Slide 7: About Mastek
For Immediate Release was recognized based on the feedback of 400+ customers for delivering high-impact value to them. About Mastek Mastek (NSE: MASTEK; BSE: 523704) is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on
Slide 8: Thank You
For Immediate Release Thank You T Thank You Trust. Value. Velocity. _________________________________________________________________________________ 7 of 7
Slide 9: Investor Presentation Q2FY26
Investor Presentation Q2FY26 16th October 2025 Presented by: Umang Nahata | Chief Executive Officer, Mastek Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 1
Slide 10: Agenda
Agenda Highlights of the 01 Quarter Financial & Operational 02 Performance Key Wins for the 03 Quarter Strategic Priorities & 04 GenAI Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 2
Slide 12: Highlights of Q2FY26
Highlights of Q2FY26 12 Months Order 8.4% Revenue Growth Year-on-Year 15.5% Margin Operating EBITDA 13.2% backlog Year-on-Year Growth Q2FY26 revenue at Q2FY26 Op. EBITDA at 12 Months Order backlog at ₹ 940.4 Crore ₹ 145.5 Crore ₹ 2,484.3 Crore 12 months order backlog Revenue grew by Op. EBITDA grew
Slide 13: Mastek received more than 15 Analyst Recognitions Last Quarter
Mastek received more than 15 Analyst Recognitions Last Quarter ISG Voice of the Everest Group ProviderLens Forrester’s AI Customer Honor – PEAK Matrix® ISG 2025- Consulting Value Excellence’ 2025 for ProviderLens Public Sector Services Award at Everest Application AWS Ecosystem Services and Landscap
Slide 15: Financial Performance
Financial Performance 1,000 17.0% 16.0% 16.5% 16.2% 15.5% 18.0% 16.1% 15.3% 15.0% 900 15.2% 16.0% 800 14.0% 14.7% 700 12.0% 600 12.0% 10.8% 10.0% 500 9.9% 9.9% 10.2% 8.8% 8.9% 8.0% 400 8.5% 6.0% 300 4.0% 200 2.0% 100 766 784 780 813 867 870 905 915 940 - 0.0% Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY2
Slide 16: Consolidated Financial Highlights Q2FY26
Consolidated Financial Highlights Q2FY26 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 15.5% 14.7% 16.5% 15.0% 9.9% 10.2% 2,194.7 2,347.9 2,484.3 867.4 914.7 940.4 143.1 137.3 145.5 128.7 92
Slide 17: Consolidated Financial Summary – Q2FY26
Consolidated Financial Summary – Q2FY26 QoQ YoY Key Performance Metrics Q2Y26 Q1FY26 Q2FY25 Growth Growth Revenue from Operations ($mn) $108.2 $107.4 $103.6 0.8% 4.5% Revenue from Operations (₹ Crore) 940.4 914.7 867.4 2.8% 8.4% Revenue Other Income (₹ Crore) 15.1 10.6 5.0 42.9% 199.4% Total Income
Slide 18: Consolidated Financial Summary – H1FY26
Consolidated Financial Summary – H1FY26 YoY Key Performance Metrics H1FY26 H1FY25 Growth Revenue from Operations ($mn) $215.6 $200.8 7.3% Revenue from Operations (₹ Crore) 1,855.1 1,680.3 10.4% Revenue Other Income (₹ Crore) 25.7 9.2 177.9% Total Income (₹ Crore) 1,880.7 1,689.5 11.3% Op. EBITDA 282
Slide 19: Operating Metrics Q2FY26
Operating Metrics Q2FY26 Strengthening our business Q2FY26 Q1FY26 Q2FY25 New Clients Added 13 12 14 Active Client during the Quarter 314 323 380 Client Base Top 5 35.3% 34.7% 28.5% Top 10 46.6% 45.1% 39.9% No. of Clients with Annual Billing > USD 1mn 74 75 78 Total Employee 4,767 4,824 5,505 • Offsh
Slide 20: Balance Sheet Metrics Q2FY26 – Consolidated
Balance Sheet Metrics Q2FY26 – Consolidated Figures In ₹ Crore Cash & Cash Equivalent LTM ROE# LTM ROCE# 473.3 622.2 656.1 16.1% 16.5% 14.7% 17.7% 16.9% 16.0% FY24 FY25 Q2FY26 FY24 FY25 Q2FY26 FY24 FY25 Q2FY26 Closing cash excludes unclaimed dividend of ₹ 50.3 crores # Return on Equity = PAT/Average
Slide 21: Revenue Analysis Q2FY26 – Consolidated
Revenue Analysis Q2FY26 – Consolidated Balancing Our Portfolio Revenue by Market Region Revenue by Contract Type 15.9% 13.1% 12.9% 41.7% 39.7% 39.5% 23.1% 22.6% 28.2% 55.9% 63.8% 64.5% 58.3% 60.3% 60.5% Q2FY25 Q1FY26 Q2FY26 Q2FY25 Q1FY26 Q2FY26 UK & Europe US AMEA Time & Material Fixed Price Investo
Slide 22: Operational Performance: Revenue By Industry Segments
Operational Performance Revenue By Industry Segments Q2FY26 – Consolidated Q2FY26 39.0% 25.3% 11.3% 11.8% 12.6% Government & Education Health & Life Sciences Q1FY26 39.2% 25.0% 11.7% 12.3% 11.9% Retail/ Consumer Manufacturing & Technology Financial Services # Q2FY25 40.7% 17.9% 14.4% 14.1% 12.9% 0%
Slide 23: Operational Performance: Revenue By Service Line
Operational Performance Revenue By Service Line Q2FY26 – Consolidated Q2FY26 51.1% 25.6% 10.8% 12.5% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q1FY26 49.2% 28.0% 10.6% 12.2% Digital Commerce & Experience Data, Automation and AI # Q2FY25 44.7% 32.0% 13.5% 9.8% 0% 10% 20% 30% 40
Slide 25: Key Wins: Government, Education & Financial Services
Key Wins for the Quarter Government, Education & Financial Services UK & Europe UK & Europe Americas AMEA Client Leading foreign aid agency promoting UK’s Central Government Department UK Ministerial Department shaping Gaming Control Board of a prominent US sustainable socio-economic growth in respo
Slide 26: Key Wins: Healthcare
Key Wins for the Quarter Healthcare UK & Europe Americas Americas AMEA Client A fast-growing Digital Health company Largest specialist provider of diagnostic serving the Health Insurance industry A $1.5 bn Healthcare Payvider based out Government-Funded Multispecialty and healthcare solutions in the
Slide 27: Key Wins: Retail, Manufacturing & Technology
Key Wins for the Quarter Retail, Manufacturing & Technology UK & Europe Americas Americas AMEA Client A leading American Fortune 500 company A global leader in biodegradable Leading Online Automotive Marketplace in Leading Group investing across diverse specializing in recreational vehicles, parts,
Slide 29: Partner with Mastek for AI led transformation
Partner with Mastek for AI led transformation Unlock the full potential of Generative AI with AI ready talent that develops industry and domain-specific solutions across diverse technology platforms Mastek ADOPT AI with AI ready talent, assets & partnerships creating lasting Business Impacts Revolut
Slide 30: Mastek – ADOPT AI
Mastek – ADOPT AI ADOPT AI For Technology Deliver Faster & Better ADOPT AI For Business Boost Productivity in Business Apps AI Agent Studio Agentic AI Fine-tuning / Model AI Tailor Made AI Solutions Orchestration SLM Catalog Infrastructure AI Solution Pre-Built Assets with Industry Focused Pre-Built
Slide 31: 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

Mastek — Q2 FY26 Earnings Presentation on 6ix

Mastek — Q2 FY26 Earnings Presentation

Slide 1: Cover letter to stock exchanges: Press Release and Investor Presentation

Slide 2: Press Release | Q2FY26

Slide 3: Q2FY26 revenue at Rs 940.4 crore, up 8.4% Y-o-Y

Slide 4: Review of Consolidated Financial Performance for Quarter ended 30th September 2025

Slide 5: Cash balance and key wins for the quarter

Slide 6: Key wins: managed services and partnerships

Slide 7: About Mastek

Slide 8: Thank You

Slide 9: Investor Presentation Q2FY26

Slide 10: Agenda

Slide 11: Highlights Of The Quarter

Slide 12: Highlights of Q2FY26

Slide 13: Mastek received more than 15 Analyst Recognitions Last Quarter

Slide 14: Financial & Operational Performance

Slide 15: Financial Performance

Slide 16: Consolidated Financial Highlights Q2FY26

Slide 17: Consolidated Financial Summary – Q2FY26

Slide 18: Consolidated Financial Summary – H1FY26

Slide 19: Operating Metrics Q2FY26

Slide 20: Balance Sheet Metrics Q2FY26 – Consolidated

Slide 21: Revenue Analysis Q2FY26 – Consolidated

Slide 22: Operational Performance: Revenue By Industry Segments

Slide 23: Operational Performance: Revenue By Service Line

Slide 24: Key Wins for the Quarter

Slide 25: Key Wins: Government, Education & Financial Services

Slide 26: Key Wins: Healthcare

Slide 27: Key Wins: Retail, Manufacturing & Technology

Slide 28: Strategic Priorities & GenAI

Slide 29: Partner with Mastek for AI led transformation

Slide 30: Mastek – ADOPT AI

Slide 31: Thank You