Mastek Q2 Net Profit Rises to ₹62.2 Crore

Revenue from Operations: ₹23,752 (vs ₹21,837 in Q2 FY2026)
Other Income: ₹1,161 (vs ₹5,837 in Q2 FY2026)
Total Income: ₹24,913 (vs ₹27,674 in Q2 FY2026)
Employee Benefits Expenses: ₹16,527 (vs ₹15,395 in Q2 FY2026)
Profit Before Exceptional Items & Tax: ₹4,186 (vs ₹8,365 in Q2 FY2026)
Exceptional Items (Gain): ₹4,378 (vs ₹0 in Q2 FY2026)
Profit Before Tax: ₹8,564 (vs ₹8,365 in Q2 FY2026)
Total Tax Expense: ₹2,342 (vs ₹845 in Q2 FY2026)
Net Profit for the Period: ₹6,222 (vs ₹7,520 in Q2 FY2026)
Earnings Per Share (Basic): ₹20.07 (vs ₹24.29 in Q2 FY2026)

Revenue from Operations: ₹45,884 (vs ₹44,732 in H1 FY2026)
Other Income: ₹1,738 (vs ₹8,396 in H1 FY2026)
Total Income: ₹47,622 (vs ₹53,128 in H1 FY2026)
Profit Before Exceptional Items & Tax: ₹7,007 (vs ₹14,074 in H1 FY2026)
Exceptional Items (Gain): ₹4,378 (vs ₹0 in H1 FY2026)
Profit Before Tax: ₹11,385 (vs ₹14,074 in H1 FY2026)
Net Profit for the Period: ₹8,302 (vs ₹11,709 in H1 FY2026)
Earnings Per Share (Basic): ₹26.78 (vs ₹37.83 in H1 FY2026)

Total Assets: ₹113,923 lakhs (vs ₹111,972 lakhs on Mar 31, 2026)
Equity Share Capital: ₹1,550 lakhs
Other Equity: ₹89,703 lakhs (vs ₹85,234 lakhs on Mar 31, 2026)
Cash and Cash Equivalents: ₹1,347 lakhs (vs ₹2,509 lakhs on Mar 31, 2026)
Investments: ₹24,868 lakhs (vs ₹23,396 lakhs on Mar 31, 2026)
Trade Receivables: ₹32,517 lakhs (vs ₹31,499 lakhs on Mar 31, 2026)

Revenue from Operations: ₹101,868 (vs ₹94,037 in Q2 FY2026)
Profit Before Exceptional Items & Tax: ₹13,074 (vs ₹13,410 in Q2 FY2026)
Exceptional Items (Gain): ₹1,072 (vs ₹0 in Q2 FY2026)
Profit Before Tax: ₹14,146 (vs ₹13,410 in Q2 FY2026)
Net Profit for the Period: ₹10,567 (vs ₹9,745 in Q2 FY2026)
Earnings Per Share (Basic): ₹34.08 (vs ₹31.48 in Q2 FY2026)

Total Assets: ₹429,056 lakhs (vs ₹429,311 lakhs on Mar 31, 2026)
Equity Share Capital: ₹1,550 lakhs
Other Equity: ₹317,396 lakhs (vs ₹297,635 lakhs on Mar 31, 2026)
Cash and Cash Equivalents: ₹51,983 lakhs (vs ₹70,433 lakhs on Mar 31, 2026)
Goodwill: ₹179,673 lakhs (vs ₹178,031 lakhs on Mar 31, 2026)

The standalone results include a net exceptional gain of ₹4,378 for the quarter, comprising:

The consolidated results include a net exceptional gain of ₹1,072 for the quarter, comprising:

Chennai Property Sale: The company sold property in Chennai with a carrying amount of ₹965 lakhs for ₹6,000 lakhs, incurring ₹309 lakhs in transaction expenses, resulting in a net gain of ₹4,726 lakhs.
Restructuring Cost: A one-time cost of ₹158 lakhs (standalone) and ₹1,064 lakhs (consolidated) was incurred for AI-led operational efficiency.
Bad Debts: The Group wrote off collectables and unbilled amounts of ₹2,590 lakhs, classified as an exceptional item.
Impairment: A provision of ₹190 lakhs was made for impairment in the carrying value of an investment in a subsidiary.

The paid-up equity share capital increased by ₹0.45 lakhs (9,036 equity shares of ₹5 each) due to the allotment of shares upon exercise of options under ESOP schemes Plan VI and Plan VII.

A final dividend of ₹16 per share (320%) on a face value of ₹5 each was recommended by the Board on April 17, 2026.
The dividend was approved by shareholders at the AGM held on September 7, 2026.
The dividend was paid to eligible shareholders on September 18, 2026.
The cash outflow for dividends paid was ₹4,952 lakhs, as reflected in the financing activities of the cash flow statement.

The unaudited financial results were subjected to a limited review by the statutory auditors, Walker Chandiok & Co LLP.
The review was conducted under SRE 2410 issued by the ICAI.
The auditors concluded that nothing came to their attention causing them to believe that the statement contained any material misstatement.

The Board meeting commenced at 11:30 AM and concluded at 3:35 PM on October 23, 2026.
The consolidated results include 21 subsidiaries, listed in Annexure 1 of the report.