{"id":73812,"date":"2026-04-20T11:09:18","date_gmt":"2026-04-20T05:39:18","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=73812"},"modified":"2026-04-20T11:09:20","modified_gmt":"2026-04-20T05:39:20","slug":"mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/","title":{"rendered":"Mastek Q4 FY26 Results: Consolidated PAT \u20b9106.15 Crore (+24% YoY), Revenue \u20b9938 Crore, Final Dividend \u20b916\/Share Declared \u2014 FY26 Annual PAT Crosses \u20b9400 Crore"},"content":{"rendered":"<p>Mastek Limited \u2014 the Mumbai-based AI-first digital engineering and cloud transformation company \u2014 declared its Q4 FY26 results post-market hours on April 17, 2026. Consolidated net profit came in at \u20b9106.15 crore \u2014 up 23.6% year-on-year from \u20b981.07 crore in Q4 FY25, though marginally lower by 2% sequentially from \u20b9108.35 crore in Q3 FY26. Revenue from operations grew 3.6% year-on-year and 3.6% sequentially to \u20b9938 crore. EBIT margin contracted to 14.1% from 14.8% in Q3, reflecting some margin pressure even as the UK government and enterprise deal pipeline remains healthy.<\/p><p>For the full financial year FY26, Mastek posted PAT of \u20b9404 crore \u2014 crossing \u20b9400 crore for the first time and up 7.5% from \u20b9375.83 crore in FY25. The board recommended a final dividend of \u20b916 per equity share (320% on face value of \u20b95), taking total FY26 dividend to \u20b924 per share (\u20b98 interim + \u20b916 final) \u2014 matching the prior year&#8217;s \u20b923 total on improved earnings.<\/p><p>Track Mastek and get IT sector research on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#Mastek_Q4_FY26_Financial_Results\" title=\"Mastek Q4 FY26 Financial Results\">Mastek Q4 FY26 Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#The_Margin_Story_Pressure_but_Not_Alarm\" title=\"The Margin Story: Pressure but Not Alarm\">The Margin Story: Pressure but Not Alarm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#UK_Deal_Momentum_The_Growth_Engine\" title=\"UK Deal Momentum: The Growth Engine\">UK Deal Momentum: The Growth Engine<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#1_What_was_Masteks_Q4_FY26_consolidated_PAT\" title=\"1. What was Mastek&#8217;s Q4 FY26 consolidated PAT?\">1. What was Mastek&#8217;s Q4 FY26 consolidated PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#2_What_was_Masteks_Q4_FY26_revenue\" title=\"2. What was Mastek&#8217;s Q4 FY26 revenue?\">2. What was Mastek&#8217;s Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#3_What_dividend_did_Mastek_declare_for_FY26\" title=\"3. What dividend did Mastek declare for FY26?\">3. What dividend did Mastek declare for FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#4_What_is_Masteks_FY26_full-year_PAT\" title=\"4. What is Mastek&#8217;s FY26 full-year PAT?\">4. What is Mastek&#8217;s FY26 full-year PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#5_When_is_the_Mastek_Q4_FY26_earnings_call\" title=\"5. When is the Mastek Q4 FY26 earnings call?\">5. When is the Mastek Q4 FY26 earnings call?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#6_What_is_Masteks_UK_business_pipeline\" title=\"6. What is Mastek&#8217;s UK business pipeline?\">6. What is Mastek&#8217;s UK business pipeline?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#7_When_do_TCS_announce_Q4_results_2026\" title=\"7. When do TCS announce Q4 results 2026?\">7. When do TCS announce Q4 results 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#8_Is_Mastek_a_good_investment_after_Q4_FY26_results\" title=\"8. Is Mastek a good investment after Q4 FY26 results?\">8. Is Mastek a good investment after Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mastek-q4-fy26-results-pat-106-crore-revenue-938-crore-dividend-16\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mastek_Q4_FY26_Financial_Results\"><\/span><strong>Mastek Q4 FY26 Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><\/tr><tr><td>Revenue (Consolidated)<\/td><td>\u20b9905.68 Cr<\/td><td>\u20b9905.42 Cr<\/td><td>\u20b9938 Cr (+3.6% YoY, +3.6% QoQ)<\/td><\/tr><tr><td>EBIT<\/td><td>\u20b9134.13 Cr<\/td><td>\u20b9140 Cr<\/td><td>\u20b9132.28 Cr (14.1% margin)<\/td><\/tr><tr><td>PAT (Consolidated)<\/td><td>\u20b9108.35 Cr<\/td><td>\u20b981.07 Cr<\/td><td>\u20b9106.15 Cr (+23.6% YoY, \u22122% QoQ)<\/td><\/tr><tr><td>FY26 Full-Year Revenue<\/td><td>\u2014<\/td><td>\u20b93,557 Cr (FY25)<\/td><td>\u20b93,698.8 Cr<\/td><\/tr><tr><td>FY26 Full-Year PAT<\/td><td>\u2014<\/td><td>\u20b9375.83 Cr (FY25)<\/td><td>\u20b9404 Cr (+7.5% YoY)<\/td><\/tr><tr><td>Final Dividend<\/td><td>\u2014<\/td><td>\u20b916\/share (FY25)<\/td><td>\u20b916\/share final (total \u20b924 FY26)<\/td><\/tr><tr><td>Order Backlog (Q3)<\/td><td>\u20b92,658.5 Cr ($295.8 Mn)<\/td><td>\u2014<\/td><td>Q4 figure due on earnings call Apr 20<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: Mastek consolidated audited financial results, BSE\/NSE filing April 17, 2026; IANS; BusinessToday; FreePressJournal.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Margin_Story_Pressure_but_Not_Alarm\"><\/span><strong>The Margin Story: Pressure but Not Alarm<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Mastek&#8217;s Q4 FY26 EBIT margin of 14.1% \u2014 down from 14.8% in Q3 \u2014 reflects the typical pattern for IT services companies in Q4: salary increases, visa and travel costs, and subcontracting expenses tend to be seasonally elevated. Additionally, Mastek&#8217;s standalone results showed a much stronger profit print (\u20b957.2 crore standalone PAT, up 184% YoY on standalone basis) driven by dividend income from subsidiaries and foreign exchange gains \u2014 factors that don&#8217;t flow through to the consolidated margin picture consistently.<\/p><p>The FY26 full-year PAT of \u20b9404 crore is the cleaner metric. On a trailing twelve-month basis, Mastek is generating sustainable profits that comfortably support the \u20b924 per share dividend. The stock had already rallied 19.91% in the month before results, suggesting the market had partially priced in a solid outcome. The earnings call on April 20 at 10 AM IST will be critical for order backlog update (Q3 was \u20b92,658.5 crore), FY27 revenue guidance, and UK public sector pipeline assessment.<\/p><p>Screen Mastek fundamentals on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"UK_Deal_Momentum_The_Growth_Engine\"><\/span><strong>UK Deal Momentum: The Growth Engine<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Mastek&#8217;s primary growth driver is its UK public sector franchise. In Q4 FY26, the UK Home Office contract for the ATLAS biometrics platform (\u00a385 million framework), the Financial Conduct Authority contract (\u00a315 million, 2 years with extension options), and the HADES biometrics application development contract (\u00a349 million, 5 years) are among the most significant wins. These multi-year government contracts provide revenue visibility and reduce quarterly volatility \u2014 a key quality of Mastek&#8217;s revenue composition compared to peers more exposed to discretionary enterprise IT spending.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Mastek&#8217;s Q4 FY26 results are broadly in line \u2014 a 24% YoY PAT improvement, \u20b9400 crore+ annual PAT milestone, and a \u20b916 final dividend signal a business delivering consistent value. The slight sequential margin dip and modest sequential PAT decline are manageable blips in an otherwise solid trajectory. The key watch for FY27 is whether the UK pipeline converts to revenue at an accelerated pace and whether the company can defend its EBIT margin above 14% despite cost inflation. At the current stock price (~\u20b91,749), Mastek trades at approximately 22x FY26 earnings \u2014 reasonable for a focused mid-cap IT company with a strong UK anchor.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_Masteks_Q4_FY26_consolidated_PAT\"><\/span><strong>1. What was Mastek&#8217;s Q4 FY26 consolidated PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek reported consolidated Q4 FY26 PAT of \u20b9106.15 crore \u2014 up 23.6% year-on-year from \u20b981.07 crore in Q4 FY25, and down 2% sequentially from \u20b9108.35 crore in Q3 FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_was_Masteks_Q4_FY26_revenue\"><\/span><strong>2. What was Mastek&#8217;s Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek&#8217;s consolidated revenue from operations was \u20b9938 crore in Q4 FY26 \u2014 up 3.6% year-on-year from \u20b9905.42 crore in Q4 FY25 and up 3.6% sequentially from \u20b9905.68 crore in Q3 FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_dividend_did_Mastek_declare_for_FY26\"><\/span><strong>3. What dividend did Mastek declare for FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek&#8217;s board recommended a final dividend of \u20b916 per equity share (320% on face value of \u20b95) for FY26. Combined with the interim dividend of \u20b98 per share declared earlier, the total FY26 dividend is \u20b924 per share \u2014 up from \u20b923 per share total in FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_is_Masteks_FY26_full-year_PAT\"><\/span><strong>4. What is Mastek&#8217;s FY26 full-year PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek&#8217;s FY26 consolidated PAT was \u20b9404 crore \u2014 crossing \u20b9400 crore for the first time and up 7.5% from \u20b9375.83 crore in FY25. FY26 revenue was \u20b93,698.8 crore (consolidated).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_When_is_the_Mastek_Q4_FY26_earnings_call\"><\/span><strong>5. When is the Mastek Q4 FY26 earnings call?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek&#8217;s Q4 FY26 earnings conference call is scheduled for Monday, April 20, 2026, at 10:00 AM IST. CEO Umang Nahata and CFO Deepak Kedia will present results and discuss the business outlook.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_What_is_Masteks_UK_business_pipeline\"><\/span><strong>6. What is Mastek&#8217;s UK business pipeline?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek&#8217;s UK government pipeline includes the Home Office ATLAS (biometrics) \u00a385 million framework, HADES \u00a349 million biometrics contract, FCA \u00a315 million digital delivery contract, and various other public sector contracts. The 12-month order backlog as of Q3 FY26 was \u20b92,658.5 crore (+24.3% YoY). Q4 FY26 backlog will be disclosed on the April 20 call.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_announce_Q4_results_2026\"><\/span><strong>7. When do TCS announce Q4 results 2026?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS declared Q4 FY26 results on April 9, 2026<\/a>. <\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_Mastek_a_good_investment_after_Q4_FY26_results\"><\/span><strong>8. Is Mastek a good investment after Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mastek&#8217;s UK public sector focus, \u20b9400 crore+ annual PAT, strong dividend track record, and AI-first positioning make it an interesting mid-cap IT play. At ~22x trailing earnings, the valuation is reasonable versus peers. Key risks are UK government spending trends and EBIT margin compression. Consult a SEBI-registered financial advisor before investing.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/natural-capsules-q4-results-2026\">Natural Capsules Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/national-fertilizers-q4-results-2026\">National Fertilizers Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/national-aluminium-company-q4-results-2026\">National Aluminium Company Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/nath-bio-genes-india-q4-results-2026\">Nath Bio-Genes (India) Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/narmada-agrobase-q4-results-2026\">Narmada Agrobase Q4 Results 2026: Date, Revenue, PAT &amp; Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Mastek Limited \u2014 the Mumbai-based AI-first digital engineering and cloud transformation company \u2014 declared its Q4 FY26 results post-market hours on April 17, 2026. Consolidated net profit came in at \u20b9106.15 crore \u2014 up 23.6% year-on-year from \u20b981.07 crore in Q4 FY25, though marginally lower by 2% sequentially from \u20b9108.35 crore in Q3 FY26. Revenue<\/p>\n","protected":false},"author":23,"featured_media":73814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-73812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776663636:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["67"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Mastek Q4 FY26 Results: PAT \u20b9106 Crore (+23.6% YoY), Revenue \u20b9938 Crore, Dividend \u20b916\/Share, FY26 PAT \u20b9404 Crore"],"rank_math_description":["Mastek Q4 FY26 results: consolidated PAT \u20b9106.15 Cr (+23.6% YoY), revenue \u20b9938 Cr (+3.6%), EBIT margin 14.1%, FY26 PAT \u20b9404 Cr. 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