Mastek Q2 Results: Five-Quarter High, Stable Margins and Valuation

CMP Rs 1,559.90. Jun26 revenue Rs 985 Cr, a 5-quarter high, net profit Rs 106 Cr, OPM 15.33%. PE 10.97x. Q2 FY27 date not yet announced.

Mastek Q2 results are approaching at a time when the IT services company just posted its highest quarterly revenue in five quarters, alongside stable margins and profit with no exceptional items flagged. Track the latest Mastek Ltd. share price on Univest ahead of the Mastek Q2 results date, and use this Mastek Q2 results preview to see exactly what the historical numbers show heading into FY27.

Mastek Q2 Results Date

The Mastek Q2 results date for the quarter ended September 30, 2026 has not been announced. IT services companies typically report Q2 FY27 numbers in the October to November window, and Mastek has generally followed this broader calendar in prior years. No confirmed Mastek Q2 results date is available as of this writing, so investors should track the company’s BSE and NSE filings for the board meeting intimation instead of relying on any unverified date for Mastek Q2 results 2026.

Mastek Q2 Results Expectations

Mastek Q2 Results Expectations should be built around the metrics and trend visible in the reported data, not a specific numeric forecast, since no verified analyst estimate exists for the September quarter. The most notable data point shaping Mastek Q2 results expectations is that Jun26 revenue of Rs 985 Cr was the highest print across the entire five-quarter data set, a five-quarter high according to the screener note attached to this data. Operating margin, meanwhile, has stayed in a relatively tight range through the period, from 14.97% in Jun25 to a peak of 16.78% in Dec25, settling at 15.33% in Jun26, which suggests Mastek Q2 results expectations can be framed around margin stability rather than sharp swings. Net profit has also stayed fairly steady, moving between Rs 92 Cr and Rs 108 Cr across the five quarters, another data point relevant to Mastek Q2 results expectations for FY27.

Also read – Dabur India Q2 Results FY27 Preview

Previous Quarter: Q1 FY27 (Jun26) Performance

In the previous quarter, Jun26 or Q1 FY27, Mastek reported revenue of Rs 985 Cr, operating profit of Rs 151 Cr, an operating margin of 15.33%, and net profit of Rs 106 Cr. Revenue of Rs 985 Cr marked the strongest quarter in the five-quarter data set, ahead of the Rs 938 Cr reported in Mar26, even though net profit was flat at Rs 106 Cr in both quarters. This Jun26 print, with its five-quarter high revenue, is the immediate sequential base for the upcoming Mastek Q2 results.

Base Quarter: Q2 FY26 (Sep25) Performance

The year ago quarter for Mastek Q2 results is Sep25, or Q2 FY26, when the company reported revenue of Rs 940 Cr, operating profit of Rs 146 Cr, an operating margin of 15.53%, and net profit of Rs 97 Cr. This Sep25 print is the base quarter that the September 2026 Mastek Q2 results will be measured against on a year on year basis. With Jun26 revenue at Rs 985 Cr and net profit at Rs 106 Cr, both already ahead of the Sep25 base, the year on year comparison for the next Mastek Q2 results starts from a position of sequential strength.

Recent Trend: Jun25 to Jun26

The five-quarter data set from Jun25 through Jun26 gives useful context for Mastek Q2 results. Revenue moved from Rs 915 Cr (Jun25) to Rs 940 Cr (Sep25) to Rs 906 Cr (Dec25) to Rs 938 Cr (Mar26) to Rs 985 Cr (Jun26), a pattern with one dip in Dec25 followed by a recovery to a new five-quarter high in Jun26. Operating margin expanded from 14.97% to a peak of 16.78% in Dec25 before easing to 16.1% in Mar26 and 15.33% in Jun26. Net profit moved from Rs 92 Cr in Jun25 to a high of Rs 108 Cr in Dec25, before settling at Rs 106 Cr in both Mar26 and Jun26. The screener note describes this as stable margins and profit with no exceptional items, a useful qualifier while reading the trend into Mastek Q2 results.

Key Factors to Watch in Mastek Q2 Results

A few factors stand out ahead of Mastek Q2 results. First, whether the Jun26 revenue high of Rs 985 Cr can be sustained or extended is a central data point for Mastek Q2 results, given the business has shown some quarter to quarter revenue variability over the five-quarter data set. Second, operating margin has stayed within a relatively narrow 14.97% to 16.78% band, and whether that stability continues is relevant context for Mastek Q2 results. Third, demand trends in the company’s core IT services markets, deal wins and currency movements sit outside the scope of the historical figures provided here but remain background factors for Mastek Q2 results. These observations are drawn from reported data only, not a prediction for the next Mastek Q2 results.

Valuation Ahead of Mastek Q2 Results

On valuation, Mastek trades at a CMP of Rs 1,559.90, well below its 52 week high of Rs 2,408.40 and above its 52 week low of Rs 1,334.20. The stock’s trailing PE is 10.97x on an EPS of Rs 142.17, with a price to book ratio of 1.62x against a book value of Rs 965.0. Return on equity is 15.3%, debt to equity is low at 0.15x, and the dividend yield is 1.48%. Market capitalisation stands at around Rs 4,837 crore. Both the 50 day moving average of Rs 1,737.79 and the 200 day moving average of Rs 1,763.44 sit well above the CMP, and the RSI of 20.86 points to deeply oversold territory as the market awaits Mastek Q2 results.

Also read – Dalmia Bharat Q2 Results FY27 Preview

What to Watch in Mastek Q2 Results FY27

Ahead of Mastek Q2 results for FY27, the key checkpoints once the company reports are whether revenue growth continues from the Jun26 five-quarter high of Rs 985 Cr, how the print compares with the Sep25 year ago base of Rs 940 Cr, and whether operating margin holds within its recent 15% to 17% range. The formal announcement of a confirmed Mastek Q2 results date is itself worth tracking on the exchanges, since none exists as of this writing. Management commentary, once released alongside the results, would add context that the historical financial data alone cannot provide.

Conclusion

Mastek Q2 results for the September 2026 quarter arrive after a Jun26 quarter that set a five-quarter revenue high with stable margins and no exceptional items, according to the available data. With a market capitalisation of Rs 4,837 crore and a PE of 10.97x, the stock trades at a valuation that will be tested by whether that revenue momentum and margin stability carry into the upcoming Mastek Q2 results.

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Univest is a SEBI registered Research Analyst, Registration No. INH000013776. This article is prepared for informational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any security. All historical financial figures for Mastek Ltd. cited above are sourced from publicly available company disclosures and are subject to revision. The Q2 FY27 results date and figures have not been announced and no forecast is implied. Please consult your own financial advisor and review official exchange filings before making any investment decision. Investments in securities are subject to market risk, read all related documents carefully.

When will Mastek Q2 results be announced?

Ans. The Mastek Q2 results date for the quarter ended September 30, 2026 has not been announced yet. Companies typically announce Q2 results in the October to November window.

What are the expectations from Mastek Q2 results?

Ans. Mastek Q2 Results Expectations are framed around Jun26 revenue of Rs 985 Cr being a five-quarter high, alongside operating margin that has stayed in a relatively tight range from 14.97% to a peak of 16.78% in Dec25.

How did Mastek perform in the previous quarter (Q1 FY27)?

Ans. In the previous quarter, Jun26 (Q1 FY27), Mastek reported revenue of Rs 985 Cr, operating profit of Rs 151 Cr, an operating margin of 15.33%, and net profit of Rs 106 Cr.

What is the valuation of Mastek ahead of Q2 results?

Ans. Mastek trades at a CMP of Rs 1,559.90, with a trailing PE of 10.97x on an EPS of Rs 142.17, a price to book ratio of 1.62x, and a return on equity of 15.3%, against a market capitalisation of around Rs 4,837 crore.