Mastek Q1FY27 Revenue Up 5% QoQ to ₹985.3 Cr

Mastek announced its unaudited financial results for the first quarter of FY27 ended June 30, 2026. Revenue from operations stood at ₹985.3 crore, a 5.0% increase quarter-on-quarter. The company highlighted strong momentum in AI, securing over 40 new deals in the quarter, with AI contributing approximately 45% to the new order book. The 12-month order backlog grew 25% year-on-year in rupee terms to ₹2,935.2 crore. While the North America and UK/Europe businesses showed sequential revenue growth, the Middle East business experienced an impact due to geopolitical uncertainties. EBITDA was reported at 15.4% of operating income, with a sequential decline attributed to delayed collections in the Middle East. Net profit saw a marginal decrease of 0.3% QoQ to ₹105.9 crore. The company's net cash and investment position improved by approximately ₹200 crore over the last two quarters, reaching ₹945.4 crore.