Financial Performance Highlights

Mastek reported strong financial results for FY26 with total revenue of INR 3,699 crore, representing 7% YoY growth. The company achieved a record cash position of INR 938.5 crore (51% YoY growth) and maintained a 12-month order backlog of INR 2,849.2 crore (24.4% growth). Net profit stood at INR 404 crore with basic EPS of ₹130.45. The UK & Europe segment showed particularly strong performance with 21.8% growth contributing 65.2% of total revenue.

Corporate Actions and Dividend

  • 44th AGM: Scheduled for September 7, 2026 via video conference to transact ordinary business including adoption of financial statements
  • Dividend Declaration: Interim dividend of ₹8 per share (160%) declared in January 2026; Final dividend of ₹16 per share (320%) recommended by Board subject to shareholder approval
  • Voting Process: Remote e-voting available from September 3-6, 2026 with cut-off date of August 31, 2026 for eligibility

Merger and Corporate Restructuring

The company completed the merger with subsidiary Mastek Enterprise Solutions Private Limited effective April 1, 2024, approved by NCLT on May 2, 2025. This required restatement of comparative financial figures for FY25 to reflect the common control business combination under Ind AS 103.

Operational and Business Highlights

Mastek demonstrated significant operational improvements with 85+ new AI-assisted deals in FY26, 95% repeat business ratio, and 12% improvement in revenue per employee. The company employed 4,730 people with 27.8% female representation and maintained 98% export contribution to total turnover. The strategic shift to AI-native enterprise focused on verticalization in healthcare, public sector, and financial services.

Corporate Governance and Compliance

The company received unqualified corporate governance compliance certification from P Mehta & Associates, confirming compliance with SEBI LODR Regulations. All directors were confirmed as qualified without any disqualifications. The Board composition includes Ashank Desai as Chairman and Umang Nahata as CEO, with appropriate committee structures in place for audit, nomination, remuneration, and risk management.

Auditor's Report and Key Matters

Walker Chandiok & Co LLP issued an unmodified opinion on the financial statements. Key audit matters identified included revenue recognition from contracts with customers and impairment assessment of goodwill (carrying value ₹178,031 lakhs). The auditors used discounted cash flow methods with external valuation experts and performed sensitivity analysis on key assumptions.

ESG and Sustainability Performance

Mastek demonstrated strong ESG performance with S&P Global Corporate Sustainability Assessment score of 82/100, ranking among top 15% of IT industry globally in Sustainability Yearbook 2026. The company spent ₹400 lakhs on CSR activities through Mastek Foundation, exceeding the required ₹397 lakhs allocation.

Subsidiary Structure and Geographic Segments

The consolidated financial statements include 21 subsidiaries operating across UK & Europe (65.2% of revenue), North America (22.4%), and AMEA (12.4%). One subsidiary (Evosys Kuwait WLL) was dissolved effective June 4, 2025.

Compliance and Signatories

The documents confirm full compliance with Companies Act, 2013 and SEBI LODR Regulations, 2015. Signatories include Company Secretary Reena Abhijit Raje, CEO Umang Nahata, Chairman Ashank Desai, CFO Deepak Kedia, and auditors from Walker Chandiok & Co LLP and P Mehta & Associates.