Mastek Limited — Investor Meet, 24-04-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mastek reported Q4 FY26 revenue of $103.5 million (INR938 Cr) with 16.1% EBITDA. Full year FY26 revenue reached $421.2 million (INR3,699 Cr) and 15.8% EBITDA. Q4 PAT was INR106 Cr; FY26 PAT INR404 Cr, impacted by Labor Code adjustments. DSO improved to 73 days. The 12-month order backlog grew to $300.4 million. Management anticipates FY27 will be a stronger growth year, aiming for 16-16.1% EBITDA despite market pricing pressures and AI investments. Strategic focus shifts to AI for business outcomes and verticalization. North America is expected to turn around, and UK healthcare shows strong demand. M&A will target core domain capabilities and AI partnerships. Overall sentiment is cautiously positive.