Mastek Ltd.'s declared an interim dividend of Rs 8 per share after releasing its financial results for quarter ended Dec. 31.
The IT major saw its standalone bottom-line swell 11% quarter-on-quarter to Rs 108 crore from Rs 97.5 crore. Revenue, however, slipped 3.7% to Rs 906 crore, compared Rs 940 crore in Q3 FY25.
Earnings before interest, taxes were largely unchanged at Rs 128 crore. Margins saw an expansion to 14.1% from 13.6%.
The company, while announcing the Rs 8-per-share interim dividend, said it has fixed Jan. 30 as the record to determine the shareholders eligible for the dividend payout. The amount will be paid on or after Feb. 17, it said.
Commenting on the Q3FY26 results, Umang Nahata, Chief Executive Officer, Mastek, said: “In Q3FY26, our revenue declined by 3.7% Q-o-Q in rupee terms, primarily due to higher furloughs, planned project go-livesin the US and AMEA, and right-shift of a few engagements. Despite these near-term headwinds and seasonal softness, we continue to execute with operational discipline and AI led efficiencies resulting in another quarter of healthy EBITDA Qo-Q growth of 60 bps. Our 12 months order backlog grew 7.0% sequentially, and the pipeline remains strong across the UK, US and AMEA. We see good demand in Healthcare segment and AI-led solutions globally."
Mastek Q3 Highlights (Cons, QoQ)
- Revenue down 3.7% at Rs 906​​​​​​​ crore versus Rs 940 crore
- Ebit flat at Rs 128 crore
- Margin at 14.1% versus 13.6%
- Net profit up 11.2% at Rs 108​​​​​​​ crore versus Rs 97.5 crore
Before the quarterly results were declared, shares of Mastek settled 0.04% higher at Rs 2,208.80 on the NSE, as compared to 1.38% decline in the benchmark Sensex.
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