Mastek Ltd

📈 Mastek Reports Solid Growth: Order Book Hits $300.4M, Revenue Up 3.1% YoY

• Order backlog grew to $300.4 million, up 1.5% sequentially and 13.5% year-on-year

• Q4 FY26 revenue of $103.5 million, up 1.4% sequentially

• Full-year FY26 revenue was $421.2 million, up 3.1% year-on-year

• EBITDA margin of 16.1% in Q4 FY26

• Full-year EBITDA margin of 15.8%

• Healthcare and Life Sciences saw Q4 dip due to timing gaps but maintains positive demand outlook

• Financial services performed well with new orders from North America, UK, and AMEA

• AI-focused projects increased with over 27 new programs added in Q4

• U.K. & Europe business grew 11% in pound terms and 21.8% in INR terms for FY26

• North America business resetting with new leadership and focus on healthcare, BFSI, and retail

• AMEA business stabilized with healthcare focus

• Revenue per resource increased by over 12% in FY26 due to AI-led efficiency gains

• Cash and equivalents were INR938 crores, up 51% year-on-year

• Employee headcount was 4,730 with utilization improving to 80% in Q4

• Shifting focus to outcome-based contracts from time-and-materials due to AI advancements