Mastek Q4 FY26 Revenue Grows 3.6% with Stable Margins

Mastek reported Q4 FY26 revenue of ₹938 crore, up 3.6% QoQ, with EBITDA margin stable at 16.1% despite wage hikes and macro headwinds.
The company declared a final dividend of ₹16 per share and generated strong operating cash flow of ₹542 crore for the year, reducing DSO to 73 days.
Order backlog grew 7.2% in INR terms to $300.4 million, with positive momentum in financial services and 27 new AI-focused customer projects added.
Management outlined FY27 strategy focusing on AI-led vertical growth, geographic turnaround in North America, and maintaining stable margins around 16%.