Mastek Limited reported steady financial performance for the quarter ended September 30, 2025 (Q2 FY26), with both revenue and profit improving sequentially.
Financial performance:
The company’s total income stood at Rs 955.46 crore, up from Rs 925.26 crore in Q1 FY26, marking a 2.8% sequential growth and 9.5% YoY growth from Rs 872.43 crore in Q2 FY25.
Total expenses rose to Rs 821.36 crore compared to Rs 804.56 crore in the previous quarter, primarily due to higher employee benefit expenses, which reached Rs 494.46 crore.
Profit before tax came in at Rs 134.10 crore, compared to Rs 120.70 crore in Q1 FY26. After accounting for taxes of Rs 36.65 crore, net profit for the quarter stood at Rs 97.45 crore, reflecting a 5.8% quarter-on-quarter growth over Rs 92.05 crore reported in the June quarter.
For the six months ended September 30, 2025, Mastek posted a net profit of Rs 189.50 crore, up slightly from Rs 200.15 crore during the same period last year.
Operational highlights:
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Revenue from operations: Rs 940.37 crore in Q2 FY26, up from Rs 867.39 crore in Q2 FY25.
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EBITDA margin: Stable despite inflationary pressures and employee cost adjustments.
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Finance costs: Slightly lower at Rs 8.63 crore versus Rs 8.76 crore in Q1 FY26.
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Depreciation and amortisation: Rs 17.87 crore compared to Rs 18.42 crore in the previous quarter.
Outlook:
Mastek continues to focus on digital transformation, data analytics, and cloud services, targeting growth across the UK, US, and Middle East markets. The management emphasized a cautious but confident outlook for H2 FY26, supported by an expanding deal pipeline and stable client retention.
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