Mastek reports strong Q2FY26 revenue growth with AI-led expansion

Mastek reported Q2FY26 revenue of ₹940.4 crore, an 8.4% year-on-year increase, with operating EBITDA at ₹145.5 crore (up 6.0% quarter-on-quarter) and PAT at ₹97.4 crore (up 5.9% quarter-on-quarter). The company secured over 25 new AI deals, contributing to a 12-month order backlog growth of 13.2% year-on-year in rupee terms, reaching ₹2,484.3 crore. Key wins include multi-year partnerships with the UK’s Central Government for immigration services, a strategic engagement with a US Gaming Control Board, and AI-driven legacy modernization deals for healthcare providers.

The company's financial highlights for H1FY26 show total income of ₹1,880.7 crore, an 11.3% year-on-year growth, with revenue from operations at ₹1,855.1 crore (up 10.4%). Operating EBITDA for the half-year stood at ₹282.8 crore (up 5.9%), and net profit was ₹189.5 crore. Mastek added 13 new clients in Q2FY26, bringing the total active clients to 314. Employee count was 4,767 as of September 30, 2025, with LTM attrition at 18.5%.

Mastek also received over 15 analyst recognitions in the last quarter, including being named a Leader in ISG ProviderLens™ for AWS Ecosystem Partners 2025 and Public Sector Services and Solutions 2025, and a Major Contender in the Everest Group PEAK Matrix® Assessment 2025 for AI Enablement and Applications. The company emphasizes its "Lead with AI" approach, leveraging AI-ready talent and strategic partnerships to drive innovation and enhance customer experience and operational efficiencies.