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Title: Mastek Announces Q2FY27 Revenue at Rs 1,018.7 Crore, Up by 3.4% Q-o-Q

Mumbai, India 23rd October 2026 - Mastek, a trusted AI Engineering and Transformation company, announced today its financial results for the Second Quarter of FY27 ended on 30th September 2026.Commenting on the Q2FY27 results, Umang Nahata, Chief Executive Officer, Mastek, said:“We are leading Mastek into an AI transformational company in select verticals. Our AI-led solutions are gaining high traction with our customers. At the same time, we are also driving several use cases within Mastek to evolve Mastek into an AI Native organization.UK & Europe business continues to deliver strongly with 4.1% sequential revenue growth in rupee terms backed by good momentum in financial services and public sector. NA business also grew sequentially and delivered a strong order book with positive momentum to grow in future quarters. Middle East continues to be impacted by geopolitical uncertainties.Overall, our long-term outlook remains positive, powered by growth in Data & AI business.”Commenting on the Q2FY27 results, Deepak Kedia, Chief Financial Officer, Mastek, said:“We delivered a strong quarter despite continuing macro challenges with 2.4% constant currency revenue growth.Our EBIDTA performance was 14.4%, impacted by annual increment. We continue to drive AI-led productivity and remain focused on operational efficiency and disciplined cost management.We see consistent improvement in our cash position which provides a strong war chest for strategic investments.” Operating Highlights12 months Order Backlog: 12 months order backlog is at Rs 2,742.8 crore ($286.2mn) as on 30th September 2026 reflecting 10.4% growth in rupee terms on Y-o-Y basis and 2.3% growth in dollar terms on Y-o-Y basis.Employees: As on 30th September 2026, the company had a total of 4,810 employe...

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