Mastek Limited — Investor Meet, 28-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mastek reported Q1FY27 revenue of $104.8 million (up 1.2% QoQ) and 985 crore (up 5% QoQ), with operating EBITDA at 15.4%. The 12-month order backlog grew 13.3% YoY to $310 million, driven by a $25 million AI transformation deal in North America. Demand sentiment is positive, with increasing AI-led opportunities. The UK business shows strong growth, and North America is poised for H2FY27 growth. Middle East faces geopolitical headwinds, impacting margins and collections. The company is strategically transforming into an AI transformation leader, supported by internal initiatives and new leadership focused on execution and outcomes. Management anticipates FY27 performance to be better than FY26.