Mastek Limited has informed the Exchange regarding Board meeting held on July 18, 2025.
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Mastek Limited's Board, at its meeting on July 18, 2025, approved the unaudited consolidated and standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Consolidated revenue from operations stood at Rs. 91,470 lakhs, up modestly from Rs. 90,542 lakhs in the previous quarter (Q4 FY25) and up about 12.5% from Rs. 81,289 lakhs in Q1 FY25. Net profit came in at Rs. 9,205 lakhs (vs Rs. 8,107 lakhs in Q4 FY25 and Rs. 7,150 lakhs in Q1 FY25), translating to a basic EPS of Rs. 29.75. The UK & Europe segment drove growth, while North America and AMEA saw sequential revenue declines. Additionally, the Board approved the re-appointment of Mr. Suresh Vaswani as Independent Director for a second 3-year term effective December 11, 2025, subject to shareholder approval. The merger of wholly-owned subsidiary Mastek Enterprise Solutions Pvt Ltd with Mastek Limited (effective April 1, 2024) was also given effect in the restated comparatives.
Solid Q1 performance with double-digit YoY profit growth (nearly 29%) is positive for shareholders, though sequential growth is modest. Strong UK & Europe momentum is encouraging, but weakness in North America and AMEA segments warrants monitoring. The director re-appointment and completed subsidiary merger are routine governance items with no material cash impact.