Mumbai, India, Jan 21: Mastek (NSE: MASTEK; BSE: 523704), a trusted AI-first digital engineering and cloud transformation partner, today announced its financial results for the third quarter and nine months ended 31 December 2025.

 Q3FY26 Financial Highlights

• Revenue from operations grew 4.2% YoY

• Operating EBITDA margin improved to 16.1%, up 60 bps QoQ

• Profit After Tax (PAT) increased 11.2% QoQ

• 26+ new AI-led engagements closed during the quarter

• Total order backlog grew 36.6% YoY

• 12-month order backlog rose 24.3% YoY

• Strong operating cash generation during the quarter

• Interim dividend declared at 160%

Management Commentary

Commenting on the results, Umang Nahata, Chief Executive Officer, Mastek, said:

“In Q3FY26, our revenue declined sequentially in rupee terms, primarily due to higher furloughs, planned project go-lives in the US and AMEA, and the right-shift of a few engagements. Despite these near-term headwinds and seasonal softness, we delivered another quarter of healthy EBITDA margin expansion driven by strong operational discipline and AI-led efficiencies.

Our 12-month order backlog grew sequentially, and the pipeline remains strong across the UK, US, and AMEA. We continue to see robust demand in the Healthcare segment and for AI-led solutions globally. With over 26 new AI engagements and 17 new client additions during the quarter, we remain confident in our long-term strategy and our ability to deliver sustainable and profitable growth.”

Deepak Kedia, Chief Financial Officer, Mastek, added:

“We reported an operating EBITDA margin expansion of 60 bps quarter-on-quarter, even after factoring in labour code changes and furloughs. PAT also grew sequentially, supported by a significant expansion in PAT margin. Strong operating cash flows during the quarter reflect our continued focus on financial discipline, execution efficiency, and value creation for stakeholders.”

Operational Highlights

• 17 new clients added in Q3FY26; total active clients increased to 333

• Employee strength stood at 4,676

• Last twelve months attrition improved to 17.6%

• Cash and liquidity position strengthened further during the quarter

Key Wins During the Quarter

• Secured a three-year engagement with a UK central government agency to support a national biometrics platform using AI-powered DevSecOps

• Won multiple engagements with UK financial regulators, US-based global asset managers, Fortune 500 enterprises, and public sector organizations across the UK, US, Australia, and Europe

• Expanded Agentic and Generative AI deployments across healthcare, financial services, manufacturing, and public sector clients

Sustainability & Recognition

• Achieved a CSA score of 82/100 in the S&P Global ESG Corporate Sustainability Assessment 2025

• Recognised by ISG, Everest Group, Gartner, and ET Making AI Work Awards 2025 for leadership in AI, digital transformation, and enterprise services