MASTEKBSEMASTEK LTDMediumNeutral
Announced Tue, 28 Jul · 18:04 IST

Mastek Q1FY27: AI deals boost, 25% order backlog growth, Middle East drags margins

Mgmt Guided Margin PressureOrder Pipeline DisclosedInvestor Communications View source PDFExplain this filing

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AI summary

Mastek reported Q1FY27 revenue of INR 985 crore (up 5% QoQ, 7.7% YoY) and PAT of INR 105.9 crore. 12-month order backlog grew 25% YoY in INR terms. The company closed 40+ AI-led deals including a $25 million Salesforce Agentforce deal in North America. Operating EBITDA was 15.4%, impacted by Middle East headwinds and bench costs. Management flagged ESOP costs and Q2 salary increments as near-term margin pressures. A new COO joined from LTM.

Likely market impact

Strong AI deal momentum and order backlog growth support outlook, but Middle East volatility, ESOP costs, and salary increments may pressure margins in coming quarters.