Mastek Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Mastek reported Q1 FY27 revenue of $104.8 million, up 1.2% sequentially, with operating EBITDA margin of 15.4%, while the 12-month order backlog grew 25% year-on-year in INR terms. Management attributed Middle East margin pressure to geopolitical disruption causing increased bench cost and delayed collections, while highlighting strong order book momentum in the UK and North America, including a $25 million Salesforce Agentforce deal. Leadership also announced the appointment of Amit Gajwani as Chief Operating Officer and described ongoing AI-led demand and an internal AI-driven business transformation.
Mastek reported Q4 FY'26 revenue of $103.5 million, up 1.4% sequentially, with EBITDA margin held at 16.1% despite a wage hike impact, aided by forex tailwinds and cost efficiencies. Full year FY'26 revenue was $421.2 million, up 3.1% year-on-year, with EBITDA margin at 15.8%, roughly flat versus the prior year. Management described the year as one of resets across North America, U.K. and AMEA geographies, highlighted a 12-month order backlog of $300.4 million up 13.5% year-on-year, and recognized an exceptional Labor Code true-up impact of INR23.7 crores during the quarter.