Slide 1: Exchange cover letter: Press Release and Investor Presentation
SEC/115/2025-26 January 21, 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
Slide 2: Press Release Q3FY26
Trust. Value. Velocity. Press Release | Q3FY26
Slide 3: Q3FY26 revenue at Rs 905.7 crore, up 4.2% Y-o-Y
For Immediate Release Q3FY26 revenue at Rs 905.7 crore, up by 4.2% Y-o-Y Continued strong momentum with 26+ new AI deals in this quarter • Operating EBITDA margin at 16.1%, up 60 bps Q-o-Q • PAT at Rs 108.4 crore, up 11.2% Q-o-Q • Total order backlog grew by 36.6% and 12 months order backlog grew by
Slide 4: Review of Consolidated Financial Performance for Quarter ended 31 December 2025
For Immediate Release Review of the Consolidated Financial Performance for Quarter ended 31st December 2025: Figures in $mn Q3FY26 Q2FY26 Q-o-Q Growth Q3FY25 Y-o-Y Growth Revenue from Operations $102.1 $108.2 (5.6)% $102.9 (0.7)% Figures in Rs Crore Q3FY26 Q2FY26 Q-o-Q Growth Q3FY25 Y-o-Y Growth Tot
Slide 5: Employees, attrition, cash balance and key wins
For Immediate Release locations. Employee count at the end of 30th September, 2025 was 4,745. Last twelve months attrition at 17.6% in Q3FY26 in comparison with 18.5% in Q2FY26. • Cash Balance: The total cash, cash equivalents and fair value of Mutual Funds stood at Rs 798.8 crore as on 31st Decembe
Slide 6: Key wins: dental products company and clinical research provider
For Immediate Release • Mastek secured a strategic engagement from a US-based global dental products company to provide centralized program management services, ensuring consistent quality, regulatory compliance, and predictable delivery across global initiatives. The solution uses Salesforce AI-ena
Slide 7: Awards and recognitions
For Immediate Release During the quarter, Mastek and its Subsidiaries received awards and recognitions conferred by reputable organizations. Some of them are: • ISG: Mastek has been recognized as a Leader in Smart/Digital Factory Services in the ISG Provider Lens™ 2025 – Manufacturing Industry Servi
Slide 8: About Mastek
For Immediate Release 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 their technology investments. The company has a presence in over 40 countries and a skilled workf
Slide 9: Thank You
For Immediate Release Thank You T Thank You Trust. Value. Velocity. _________________________________________________________________________________ 8 of 8
Slide 10: Investor Presentation Q3FY26
Investor Presentation Q3FY26 21st January 2026 Presented by: Umang Nahata | Chief Executive Officer, Mastek Group Deepak Kedia | Chief Financial Officer, Mastek Group Investor Presentation Q3FY26 Company Confidential © Mastek 2025. All rights reserved | 1
Slide 11: Agenda
Agenda Highlights of the 01 Quarter Financial & Operational 02 Performance Key Wins for the 03 Quarter Strategic Priorities & 04 GenAI Investor Presentation Q3FY26 Company Confidential © Mastek 2025. All rights reserved | 2
Slide 12: Highlights Of The Quarter
Highlights Of The Quarter Investor Presentation Q3FY26 Company Confidential © Mastek 2025. All rights reserved | 3
Slide 13: Highlights of Q3FY26
Highlights of Q3FY26 12 Months Order 4.2% Revenue Growth Year-on-Year 16.1% Margin Operating EBITDA 24.3% backlog Year-on-Year Growth Q3FY26 revenue at Q3FY26 Op. EBITDA at 12 Months Order backlog at ₹ 905.7 Crore ₹ 145.6 Crore ₹ 2,658.5 Crore 12 months order backlog Total Income grew by Op. EBITDA
Slide 14: Mastek's Impressive Sustainability Leap
Mastek’s Impressive Sustainability Leap S&P Global ESG CSA – Score Progression Peer Comparison +34 since 2023 S&P Global ESG CSA Score 48 74 82 79 82 60 65 73 73 79 82 2023 2024 2025 Infosys Wipro IBM TCS Mphasis WNS Fujitsu Mastek Sustainability Journey Highlights 2025: Advanced reporting with a GR
Slide 15: Key Achievements & Recognitions
Key Achievements & Recognitions ISG Provider Lens – Digital Manufacturing Banking IT Transformation Gartner’s Industry Services Services PEAK ET Making AI Work Services for Mid- Emerging Magic and Solutions 2025 – Matrix® Awards 2025 market Enterprises Quadrant for Mid-tier and Assessment 2025 PEAK
Slide 16: Financial & Operational Performance
Financial & Operational Performance Q3FY26 Investor Presentation Q3FY26 Company Confidential © Mastek 2025. All rights reserved | 7
Slide 17: Financial Performance
Financial Performance 1,000 17.0% 16.0% 16.5% 16.1% 16.2% 15.5% 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% 10.0% 500 9.9% 9.9% 10.2% 8.8% 8.9% 8.0% 400 6.0% 300 4.0% 200 2.0% 100 784 780 813 867 870 905 915 940 906 - 0.0% Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY
Slide 18: Consolidated Financial Highlights Q3FY26
Consolidated Financial Highlights Q3FY26 Comparison: Quarter-on-quarter & Year-on-year (Figures In ₹ Crore) Operating Operating EBITDA PAT & 12 Months Revenue & Margin (%) Margin (%) Order Backlog 16.1% 10.8% 11.7% 15.5% 10.2% 16.2% 2,138.7 2,484.3 2,658.5 869.5 940.4 905.7 140.7 145.5 145.6 108.4 9
Slide 19: Consolidated Financial Summary – Q3FY26
Consolidated Financial Summary – Q3FY26 QoQ YoY Key Performance Metrics Q3Y26 Q2FY26 Q3FY25 Growth Growth Revenue from Operations ($mn) $ 102.1 $108.2 $102.9 (5.6)% (0.7)% Revenue from Operations (₹ Crore) 905.7 940.4 869.5 (3.7)% 4.2% Revenue Other Income (₹ Crore) 20.9 15.1 9.5 38.4% 120.6% Total
Slide 20: Consolidated Financial Summary – 9MFY26
Consolidated Financial Summary – 9MFY26 YoY Key Performance Metrics 9MFY26 9MFY25 Growth Revenue from Operations ($mn) $317.7 $303.7 4.6% Revenue from Operations (₹ Crore) 2,760.8 2,549.8 8.3% Revenue Other Income (₹ Crore) 46.5 18.7 148.9% Total Income (₹ Crore) 2,807.3 2,568.5 9.3% Op. EBITDA 428.
Slide 21: Operating Metrics Q3FY26
Operating Metrics Q3FY26 Strengthening our business Q3FY26 Q2FY26 Q3FY25 New Clients Added 17 13 10 Active Client during the Quarter 333 314 351 Client Base Top 5 34.5% 35.3% 32.4% Top 10 47.0% 46.6% 42.5% No. of Clients with Annual Billing > USD 1mn 73 74 79 Total Employee 4,676 4,745 5,242 • Offsh
Slide 22: Balance Sheet Metrics Q3FY26 – Consolidated
Balance Sheet Metrics Q3FY26 – Consolidated Figures In ₹ Crore Cash & Cash Equivalent* LTM ROE# LTM ROCE# 473.3 622.2 798.8 16.1% 16.5% 14.6% 17.7% 16.9% 15.8% FY24 FY25 Q3FY26 FY24 FY25 Q3FY26 FY24 FY25 Q3FY26 # Return on Equity = PAT/Average Networth; Return on Capital Employed = EBIT/Average Capi
Slide 23: Revenue Analysis Q3FY26 – Consolidated
Revenue Analysis Q3FY26 – Consolidated Balancing Our Portfolio Revenue by Market Region Revenue by Contract Type 14.9% 12.9% 11.4% 22.5% 42.9% 39.5% 42.2% 22.6% 28.3% 56.8% 64.5% 66.1% 57.1% 60.5% 57.8% Q3FY25 Q2FY26 Q3FY26 Q3FY25 Q2FY26 Q3FY26 UK & Europe US AMEA Time & Material Fixed Price Investo
Slide 24: Operational Performance: Revenue By Industry Segments
Operational Performance Revenue By Industry Segments Q3FY26 – Consolidated Q3FY26 39.7% 24.9% 11.0% 11.8% 12.6% Government & Education Health & Life Sciences Q2FY26 39.0% 25.3% 11.3% 11.8% 12.6% Retail/ Consumer Manufacturing & Technology Financial Services# Q3FY25 39.0% 21.6% 13.3% 14.1% 12.0% 0% 1
Slide 25: Operational Performance: Revenue By Service Line
Operational Performance Revenue By Service Line Q3FY26 – Consolidated Q3FY26 52.0% 25.5% 10.4% 12.0% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q2FY26 51.1% 25.6% 10.8% 12.5% Digital Commerce & Experience Data, Automation and AI Q3FY25 47.4% 31.1% 13.6% 7.9% 0% 10% 20% 30% 40%
Slide 26: Key Wins for the Quarter
Key Wins for the Quarter Investor Presentation Q3FY26 Company Confidential © Mastek 2025. All rights reserved | 17
Slide 27: Key Wins: Government, Education & Financial Services
Key Wins for the Quarter Government, Education & Financial Services UK & Europe UK & Europe Americas AMEA Client A leading global asset management firm A central government agency responsible A financial statutory regulator responsible managing ETFs, index, and active A local government area in the
Slide 28: Key Wins: Healthcare
Key Wins for the Quarter Healthcare UK & Europe Americas Americas AMEA Client The publicly funded national healthcare A global dental products company A global Fortune 500 life sciences A leading healthcare provider delivering system of England, responsible for specialising in implants, orthodontics
Slide 29: Key Wins: Retail, Manufacturing & Technology
Key Wins for the Quarter Retail, Manufacturing & Technology UK & Europe Americas Americas AMEA Client A leading eye care services provider A leading American Fortune 500 company A global maritime and logistics leader A major UK port operator managing cargo operating across 500+ locations in the spec
Slide 30: Strategic Priorities & GenAI
Strategic Priorities & GenAI Investor Presentation Q3FY26 Company Confidential © Mastek 2025. All rights reserved | 21
Slide 31: 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 32: 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 33: 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