Mastek shares fall over 4% after Q1FY27 results
AI Summary
Mastek shares fell over 4% following their Q1FY27 results, despite a 15% year-on-year increase in consolidated PAT to ₹105.88 crore and a 7.7% rise in revenue. Standalone PAT, however, dropped 50.3% to ₹20.80 crore, raising concerns about operational performance, particularly in the Middle East due to geopolitical issues. The company maintains a positive long-term growth outlook and has improved its net cash position to ₹945 crore.
Mastek shares declined over 4 per cent on Wednesday following the company’s Q1FY27 results.
The stock traded at ₹1,687.40 on the NSE and hit a low of ₹1,669, compared with the previous close of ₹1,746.60.
Mastek’s consolidated PAT for the quarter ended June 2026 increased 15 per cent y-o-y to ₹105.88 crore, compared with ₹92.05 crore in the same quarter last year.
Revenue from operations increased 7.7 per cent to ₹985.25 crore in the quarter under review from ₹914.70 crore in the corresponding quarter last year.
On a standalone basis, PAT fell 50.3 per cent to ₹20.80 crore in Q1FY27, compared with ₹41.89 crore in Q1FY26.
Mastek CFO Deepak Kedia said the company’s Q1 performance demonstrated resilience, with 1.8 per cent constant currency revenue growth. He said EBITDA performance stood at 15.4 per cent, a sequential decline largely due to delayed collection in the Middle East.
Kedia added that the company remains focused on operational efficiency, disciplined cost management and AI-led productivity. Its net cash and investment position improved by around ₹200 crore over the last two quarters, reaching ₹945 crore at the end of the quarter.
“Overall, our long-term growth outlook remains positive, however, our Middle East business is seeing an impact due to geopolitical uncertainties,” Umang Nahata, CEO, Mastek, said.
Original Article
Published on Hindu BusinessLine