Mastek Share Price in Focus; PAT Rises 14.4% YoY in Q3 FY26 Results

Mastek announced its financial results for the third quarter and nine months ended December 31, 2025. The quarter reflected a sequential revenue decline, largely due to seasonal and execution-related factors, while profitability, order backlog, and client additions showed steady improvement, highlighting the company’s operational resilience.

Q3 FY26 Financial Performance

For Q3 FY26, Mastek reported revenue from operations of $102.1 million, down 5.6% quarter-on-quarter and marginally lower by 0.7% year-on-year. 

In rupee terms, revenue from operations stood at ₹905.7 crore, registering a 3.7% QoQ decline but a 4.2% YoY growth. Total income for the quarter came in at ₹926.6 crore, down 3.0% sequentially and up 5.4% compared to Q3 FY25.

Despite revenue softness, operating EBITDA margin improved to 16.1%, marking a 60 basis points increase quarter-on-quarter. Net profit rose to ₹108.4 crore, reflecting an 11.2% QoQ growth and a 14.4% YoY increase, supported by margin expansion and cost discipline.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Mastek reported revenue from operations of $317.7 million, up 4.6% year-on-year. 

In rupee terms, revenue from operations stood at ₹2,760.8 crore, reflecting an 8.3% YoY growth, while total income increased 9.3% YoY to ₹2,807.3 crore. The steady nine-month growth highlights improved execution across key verticals.

Order Backlog and Client Additions

Mastek’s total order backlog grew 36.6% year-on-year, while the 12-month order backlog increased 24.3% YoY to ₹2,658.5 crore as of December 31, 2025. On a sequential basis, the 12-month backlog rose 7.0% QoQ, indicating sustained deal momentum. 

During the quarter, the company added 17 new clients, taking the total active client base to 333 compared to 314 in Q2 FY26.

Cash Position and Balance Sheet Strength

The company’s cash, cash equivalents, and mutual fund investments stood at ₹798.8 crore as of December 31, 2025, up from ₹656.1 crore as of September 30, 2025, further strengthening balance sheet flexibility.

Mastek Share Price Performance

On January 21, 2026, Mastek share price (NSE: MASTEK) opened at ₹2,210.00, down from its previous close of ₹2,223.80. At 10:01 AM, the share price of Mastek was trading at ₹2,155.10, down by 3.09% on the NSE.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Conclusion

While Mastek faced a sequential revenue decline in Q3 FY26, margin expansion, rising profitability, strong order backlog growth, and an improved cash position underscore its resilient operating model. The expanding backlog and growing client base provide confidence for improved revenue traction in the coming quarters.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.