Mastek Limited

Mastek Limited announced that Marilyn Jones has ceased to be an Independent Director with effect from September 4, 2026, following the completion of her tenure.

Just Dial Ltd, Tejas Networks Ltd, Ather Energy Ltd and Tata Teleservices (Maharashtra) Ltd are among the other gainers in the BSE's 'A' group today, 28 August 2026.Mastek Ltd soared 12.99% to Rs 1822 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 64005 shares were traded on the counter so far as against the average daily volumes of 4846 shares in the past one month. Just Dial Ltd surged 10.00% to Rs 704.65. The stock was the second biggest gainer in 'A' group. On the BSE, 84404 shares were traded on the counter so far as against the average daily volumes of 12321 shares in the past one month. Tejas Networks Ltd spiked 9.27% to Rs 558.2. The stock was the third biggest gainer in 'A' group. On the BSE, 24.38 lakh shares were traded on the counter so far as against the average daily volumes of 75356 shares in the past one month. Ather Energy Ltd spurt 8.62% to Rs 1602.15. The stock was the fourth biggest gainer in 'A' group. On the BSE, 7.11 lakh shares were traded on the counter so far as against the average daily volumes of 3.54 lakh shares in the past one month. Tata Teleservices (Maharashtra) Ltd rose 6.49% to Rs 38.87. The stock was the fifth biggest gainer in 'A' group. On the BSE, 22.88 lakh shares were traded on the counter so far as against the average daily volumes of 1.87 lakh shares in the past one month.

Mastek Limited informed the BSE Limited and the National Stock Exchange of India Limited that its Stakeholder’s Relationship Committee approved the allotment of 3,969 equity shares of Rs 5 face value each to eligible employees under its Employee Stock Option Plans (ESOP), increasing the company's paid-up share capital to 3,10,06,376 equity shares aggregating to Rs 15,50,31,880.

Mastek Limited will hold its 44th Annual General Meeting on September 7, 2026, at 5:00 P.M. (IST) via video conferencing, and has fixed August 31, 2026, as the record date for determining entitlement to a final dividend of Rs 16 per equity share, as recommended by the Board of Directors at its meeting held on April 17, 2026.

Mastek Limited, through its wholly owned step-down subsidiary Mastek Inc., has entered into a strategic Platinum Partnership with Innovaccer to accelerate AI-powered healthcare transformation, according to a press release issued August 3, 2026. The partnership will leverage Mastek’s engineering, data, and AI expertise with Innovaccer’s Healthcare Intelligence Platform, Gravity, to help healthcare organizations improve care outcomes, lower costs, and unlock AI-driven use cases, with a focus on North America, UK, Europe and Middle East.

Net profit of Mastek rose 15.02% to Rs 105.88 crore in the quarter ended June 2026 as against Rs 92.05 crore during the previous quarter ended June 2025. Sales rose 7.71% to Rs 985.25 crore in the quarter ended June 2026 as against Rs 914.70 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales985.25914.70 8 OPM %15.3615.01 - PBDT156.80139.12 13 PBT138.46120.70 15 NP105.8892.05 15 Powered by Capital Market - Live

Mastek has allotted 1,625 equity shares under ESOP on 14 July 2026. With this allotment, the paid up equity share capital has increased to 3,10,02,407 equity shares of Rs. 5 each aggregating to Rs. 15,50,12,035.

Mastek will hold a meeting of the Board of Directors of the Company on 21 July 2026.

Mastek announced its partnership with Yanbu Cement Company (YCC), one of Saudi Arabia's leading cement manufacturers, to modernise and digitally transform YCC's production, sales, and dispatch operations through Industrial IoT, intelligent automation, and integrated enterprise platforms. Aligned with Saudi Arabia's Vision 2030 and the Industry 4.0 agenda, the company set out to modernise its production-to-dispatch operations with a clear focus on scalability, agility, and real-time visibility, while reducing manual dependency across the value chain. Operating one of the largest cement plants with over 10 million tonnes cement dispatch and approximately 220,000 truck movements annually, YCC required a scalable, integrated digital foundation to improve efficiency, governance, and customer experience. Mastek collaborated with YCC to reengineer these mission critical workloads under its Connected Enterprise Services framework, converging IT and operational technology to enable end-to-end automation and transparency. The solution integrated Oracle Fusion Cloud ERP with IoT enabled weighbridges, automated gate systems, GPS driven transit tracking, and a unified dashboard, enabling real time visibility from order creation through delivery completion.

On a year-on-year (YoY) basis, the company's net profit and revenue rose 30.93% and 3.59%, respectively, in Q4 FY26. During the quarter, profit before tax (PBT) stood at Rs 125.23 crore, declining 11.30% QoQ but rising 18.23% YoY. Operating EBITDA stood at Rs 150.7 crore in Q4 FY26, down 0.8% QoQ but up 8.6% YoY. The operating EBITDA margin declined to 16.1% in Q4 FY26, compared with 16.8% in Q3 FY26 and 15.3% in Q4 FY25. In dollar terms, the firm's revenue was $103.5 million in Q4 FY26, up 1.4% QoQ but down 1.1% YoY. In constant currency terms, revenue rose 0.3% QoQ and 5.8% YoY. The company's 12-month order backlog stood at Rs 2,849.2 crore ($300.4 million) as of 31 March 2026, compared with Rs 2,290.9 crore ($264.5 million) in Q4 FY25, reflecting a 24.4% YoY growth in rupee terms. On a sequential basis, backlog rose 7.2% QoQ from Rs 2,658.5 crore ($295.8 million) in Q3 FY26. The company added 12 new clients in Q4 FY26, taking total active clients to 326, compared with 333 in Q3 FY26. As of 31 March 2026, the company had a total of 4,730 employees, of which 3,195 were based offshore in India while the rest were at onsite locations. Employee count stood at 4,676 as of 31 December 2025. Last twelve months' attrition stood at 17.4% in Q4 FY26, compared with 17.6% in Q3 FY26. Total cash, cash equivalents and fair value of mutual funds stood at Rs 938.5 crore as of 31 March 2026, compared with Rs 798.8 crore as of 31 December 2025. During the quarter, Mastek secured multiple strategic deals across healthcare, financial services, government, energy and technology sectors, strengthening its global AI-led transformation portfolio. Key wins include establishing an AI Centre of Excellence for a UK-based financial services firm, implementing a federal-level patient data system for a US health authority, and delivering a financial management platform for a South-East Asian insurer. The company also won engagements to build digital health solutions for the UK national health authority, modernise systems for a Middle Eastern healthcare authority, and unify enterprise platforms for a global energy logistics firm. Additional deals include partnerships for DevOps and customer service transformation in the US automotive sector and digital platform modernisation for a US-based technology company, all powered by Mastek's AI-led solutions. Deepak Kedia, chief financial officer (CFO), Mastek, said: 'We delivered another quarter of resilient performance, sustaining steady profitability with operating EBITDA margins of 16.1% and PAT margins of 11.0%, despite absorbing the impact of annual wage revisions and labour code true-ups. Our emphasis on working capital efficiency is translating into tangible outcomes, with DSO improving to 73 days and a healthy addition to cash and cash equivalents of Rs 139.7 crore, resulting in a closing balance of Rs 938.5 crore. This robust cash generation further strengthens our balance sheet and enhances financial flexibility. Reflecting our continued commitment to shareholder returns, the Board has recommended a final dividend of Rs 16 per share, aggregating to 480% for the year (vs. 460% in FY25). While the macroeconomic environment remains uncertain, our deep client relationships, strong deal pipeline, and sustained operational rigor position us well to navigate near-term challenges and capitalize on emerging growth opportunities.' The board has recommended a final dividend of Rs 16 per equity share (320%) on a face value of Rs 5 each for FY26. The total dividend for FY26, including the interim dividend of Rs 8 per share, stands at Rs 24 per share (480%) on a face value of Rs 5 each, compared with Rs 23 per share (460%) in the previous financial year. The record date will be announced later and disclosed to the exchanges. Mastek 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 workforce of close to 5,000 employees. Through its 'Lead with AI' approach, Mastek integrates intelligence across its solutions and operations, enabling organizations to accelerate transformation using ethical, scalable, and domain-driven AI adoption.