On consolidated basis
Quarter ended June 2025
compared with Quarter ended March 2025.
Net sales (including other operating income) of Mastek has increased 1.02% to
Rs 914.7 crore.
Operating profit margin
has declined from 15.32% to 15.01%, leading to 1.03% decline in operating
profit to Rs 137.32 crore. Employee cost increased from 52.74% to
53.57%. Other expenses fell from 31.93% to 31.42%.
Other income rose
194.97% to Rs 10.56 crore. PBIDT rose 3.90% to Rs 147.88
crore. Provision for interest fell 8.94% to Rs 8.76
crore.
PBDT rose 4.83% to Rs
139.12 crore. Provision for depreciation fell 1.29% to Rs 18.42
crore.
Profit before tax grew
5.83% to Rs 120.70 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 28.65 crore, compared
to Rs 24.85 crore. Effective tax rate was 23.74% compared to 23.46%.
Minority interest was
nil in both the periods. Net profit attributable to owners of the
company increased 13.54% to Rs 92.05 crore.
Promoters’ stake was
35.97% as of 30 June 2025 ,compared to 35.97% as of 31 March 2025 .
Quarter ended June 2025
compared with Quarter ended June 2024.
Net sales (including other operating income) of Mastek has increased 12.52% to
Rs 914.7 crore. Sales of UK & Europe operations segment has gone
up 26.51% to Rs 583.18 crore (accounting for 63.76% of total
sales). Sales of North America opertion segment has gone up 1.58% to
Rs 211.34 crore (accounting for 23.10% of total sales). Sales of
AMEA segment has gone down 16.45% to Rs 120.18 crore (accounting for 13.14% of
total sales).
Profit before interest,
tax and other unallocable items (PBIT) has jumped 1.98% to Rs 128.13
crore. PBIT of UK & Europe operations segment rose 11.71% to Rs
112.59 crore (accounting for 87.87% of total PBIT). PBIT of North
America opertion segment fell 9.19% to Rs 6.13 crore (accounting for 4.78% of
total PBIT). PBIT of AMEA segment fell 48.01% to Rs 9.41 crore
(accounting for 7.34% of total PBIT).
PBIT margin of UK &
Europe operations segment fell from 21.86% to 19.31%. PBIT margin of
North America opertion segment fell from 3.24% to 2.90%. PBIT margin
of AMEA segment fell from 12.58% to 7.83%. Overall PBIT margin fell
from 15.46% to 14.01%.
Operating profit margin
has declined from 15.25% to 15.01%, leading to 10.80% rise in operating profit
to Rs 137.32 crore. Employee cost decreased from 54.72% to 53.57%.
Other expenses rose from 30.03% to 31.42%.
Other income rose
152.03% to Rs 10.56 crore. PBIDT rose 15.41% to Rs 147.88
crore. Provision for interest fell 7.20% to Rs 8.76
crore.
PBDT rose 17.21% to Rs
139.12 crore. Provision for depreciation fell 8.18% to Rs 18.42
crore.
Profit before tax grew
22.38% to Rs 120.70 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 28.65 crore, compared
to Rs 27.13 crore. Effective tax rate was 23.74% compared to 27.51%.
Minority interest was
nil in both the periods. Net profit attributable to owners of the
company increased 28.74% to Rs 92.05 crore.
Promoters’ stake was
35.97% as of 30 June 2025 ,compared to 36.25% as of 30 June 2024 .
Full year results
analysis.
Net sales (including other operating income) of Mastek has increased 13.11% to
Rs 3455.23 crore. Sales of UK & Europe operations segment has
gone up 13.86% to Rs 1,980.52 crore (accounting for 57.32% of total
sales). Sales of North America opertion segment has gone up 12.48%
to Rs 932.85 crore (accounting for 27.00% of total sales). Sales of
AMEA segment has gone up 11.51% to Rs 541.86 crore (accounting for 15.68% of
total sales).
Profit before interest,
tax and other unallocable items (PBIT) has slumped 4.25% to Rs 509.23
crore. PBIT of UK & Europe operations segment fell 5.43% to Rs
391.94 crore (accounting for 76.97% of total PBIT). PBIT of North
America opertion segment rose 6.88% to Rs 82.65 crore (accounting for 16.23% of
total PBIT). PBIT of AMEA segment fell 13.51% to Rs 34.64 crore
(accounting for 6.80% of total PBIT).
PBIT margin of UK &
Europe operations segment fell from 23.83% to 19.79%. PBIT margin of
North America opertion segment fell from 9.32% to 8.86%. PBIT margin
of AMEA segment fell from 8.24% to 6.39%. Overall PBIT margin fell
from 17.41% to 14.74%.
Operating profit margin
has declined from 16.65% to 15.82%, leading to 7.43% rise in operating profit
to Rs 546.45 crore. Employee cost decreased from 54.70% to 53.80%.
Other expenses rose from 28.65% to 30.38%.
Other income rose 39.16%
to Rs 22.28 crore. PBIDT rose 8.40% to Rs 568.73
crore. Provision for interest fell 5.42% to Rs 42.06
crore. Loan funds rose to Rs 583.13 crore as of 31 March 2025 from
Rs 518.96 crore as of 31 March 2024. Sundry debtors were higher at
Rs 769.74 crore as of 31 March 2025 compared to Rs 561.31 crore as of 31 March
2024. Cash and bank balance rose to Rs 461.47 crore as of 31 March
2025 from Rs 382.61 crore as of 31 March 2024. Investments rose to
Rs 178.03 crore as of 31 March 2025 from Rs 93.81 crore as of 31 March 2024
.
PBDT rose 9.67% to Rs
526.67 crore. Provision for depreciation fell 16.45% to Rs 75.12
crore. Fixed assets declined from Rs 243.63 crore as of 31 March
2024 to Rs 84.04 crore as of 31 March 2025. Intangible assets increased
from Rs 1,707.24 crore to Rs 1,735.85 crore.
Profit before tax grew
15.69% to Rs 451.55 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 83.23 crore, compared
to Rs 75.22 crore. Effective tax rate was 18.13% compared to 19.48%.
Minority interest was
nil in both the periods. Net profit attributable to owners of the
company increased 25.19% to Rs 375.93 crore.
Equity capital increased
from Rs 15.42 crore as of 31 March 2024 to Rs 15.47 crore as of 31 March
2025. Per share face Value remained same at Rs 5.00.
Promoters’ stake was
35.97% as of 31 March 2025 ,compared to 36.26% as of 31 March 2024
.
Cash flow from operating
activities decreased to Rs 395.13 crore for year ended March 2025 from Rs 420.37
crore for year ended March 2024. Cash flow used in acquiring fixed
assets during the year ended March 2025 stood at Rs 20.12 crore, compared to Rs
31.45 crore during the year ended March 2024.
Order book: 12 months order
backlog was Rs 2,347.9 crore ($273.8 mn) as on 30 June, 2025 as compared to Rs
2,168.8 crore ($260.1 mn) in Q1FY25, reflecting growth of 8.3% in rupee terms and
Rs 2,290.9 crore ($264.5 mn) in Q4FY25, reflecting growth of 2.5% in rupee
terms on Q-o-Q basis.
Management Commentary:
Commenting
on the Q4FY25 results, Umang Nahata, Chief Executive Officer, Mastek, said: “We
are pleased to report another steady quarter, with revenue growth of 12.5%
Y-o-Y in rupee terms. Growth was led by strong performance in the UK and
Europe, driven by momentum in healthcare and secured government services. The
US business witnessed headwinds in some accounts, however pipeline and order
backlog remain strong.
Operating
EBITDA margin stood at 15.0%, declined marginally by 31 bps due to ongoing investments
in talent and capabilities. On a Y-o-Y basis, Operating EBITDA grew by 10.8%.
PAT grew to Rs 92.1 crore, up 13.5% Q-o-Q and 28.7% Y-o-Y.
Our AI
proposition is building tremendous traction with customers with over 10 deals finalized
this quarter across generative and agentic AI solutions delivering significant
productivity gains. We also signed a strategic partnership with Open Ana which
significantly elevates our AI capabilities.
While the
external environment remains dynamic, our execution focus, combined with deep client
relationships, positions us well to deliver sustainable and profitable growth
in the coming quarters.”| Mastek : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202506 | 202406 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 914.70 | 812.89 | 12.52 | 3,455.23 | 3,054.79 | 13.11 | | OPM (%) | 15.01 | 15.25 | -23 bps | 15.82 | 16.65 | -84 bps | | OP | 137.32 | 123.94 | 10.80 | 546.45 | 508.67 | 7.43 | | Other Inc. | 10.56 | 4.19 | 152.03 | 22.28 | 16.01 | 39.16 | | PBIDT | 147.88 | 128.13 | 15.41 | 568.73 | 524.68 | 8.40 | | Interest | 8.76 | 9.44 | -7.20 | 42.06 | 44.47 | -5.42 | | PBDT | 139.12 | 118.69 | 17.21 | 526.67 | 480.21 | 9.67 | | Depreciation | 18.42 | 20.06 | -8.18 | 75.12 | 89.91 | -16.45 | | PBT | 120.70 | 98.63 | 22.38 | 451.55 | 390.3 | 15.69 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 120.7 | 98.63 | 22.38 | 451.55 | 390.3 | 15.69 | | EO Income | 0 | 0 | - | 7.61 | -4.11 | LP | | PBT after EO | 120.7 | 98.63 | 22.38 | 459.16 | 386.19 | 18.89 | | Taxation | 28.65 | 27.13 | 5.60 | 83.23 | 75.22 | 10.65 | | PAT | 92.05 | 71.5 | 28.74 | 375.93 | 310.97 | 20.89 | | Minority Interest (MI) | 0 | 0 | - | 0 | 10.68 | - | | Net profit | 92.05 | 71.5 | 28.74 | 375.93 | 300.29 | 25.19 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 92.05 | 71.5 | 28.74 | 375.93 | 300.29 | 25.19 | | EPS (Rs)* | 29.74 | 23.10 | 28.74 | 119.45 | 98.06 | 21.82 | | | * EPS is on current equity of Rs 15.47 crore, Face value of Rs 5, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Mastek : Consolidated Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202506 | 202406 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
|---|
| Sales | | UK & Europe operations | 63.76 | 583.18 | 460.99 | 26.51 | 57.32 | 1,980.52 | 1,739.49 | 13.86 | | US Operations | 0.00 | 0.00 | 0.00 | - | | DCOTG | 0.00 | 0.00 | 0.00 | - | | Others | 0.00 | 0.00 | 0.00 | - | | North America opertion | 23.10 | 211.34 | 208.06 | 1.58 | 27.00 | 932.85 | 829.36 | 12.48 | | Middle East | 0.00 | 0.00 | 0.00 | - | | AMEA | 13.14 | 120.18 | 143.84 | -16.45 | 15.68 | 541.86 | 485.94 | 11.51 | | Total Reported Sales | 100.00 | 914.70 | 812.89 | 12.52 | 100.00 | 3,455.23 | 3,054.79 | 13.11 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 914.70 | 812.89 | 12.52 | 100.00 | 3,455.23 | 3,054.79 | 13.11 | | PBIT | | UK & Europe operations | 87.87 | 112.59 | 100.79 | 11.71 | 76.97 | 391.94 | 414.46 | -5.43 | | US Operations | 0.00 | 0.00 | 0.00 | - | | DCOTG | 0.00 | 0.00 | 0.00 | - | | Others | 0.00 | 0.00 | 0.00 | - | | North America opertion | 4.78 | 6.13 | 6.75 | -9.19 | 16.23 | 82.65 | 77.33 | 6.88 | | Middle East | 0.00 | 0.00 | 0.00 | - | | AMEA | 7.34 | 9.41 | 18.10 | -48.01 | 6.80 | 34.64 | 40.05 | -13.51 | | Total PBIT | 100.00 | 128.13 | 125.64 | 1.98 | 100.00 | 509.23 | 531.84 | -4.25 | | Less : Interest | | 8.76 | 9.44 | -7.20 | | 42.06 | 44.47 | -5.42 | | Add: Other un-allcoable | | 1.33 | -17.57 | LP | | -8.01 | -101.18 | 92.08 | | PBIT Margin(%) | | UK & Europe operations | | 19.31 | 21.86 | -255.76 | | 19.79 | 23.83 | -403.68 | | US Operations | | 0.00 | 0.00 | 0.00 | | DCOTG | | 0.00 | 0.00 | 0.00 | | Others | | 0.00 | 0.00 | 0.00 | | North America opertion | | 2.90 | 3.24 | -34.37 | | 8.86 | 9.32 | -46.41 | | Middle East | | 0.00 | 0.00 | 0.00 | | AMEA | | 7.83 | 12.58 | -475.35 | | 6.39 | 8.24 | -184.90 | | PBT | 100.00 | 120.70 | 98.63 | 22.38 | 100.00 | 459.16 | 386.19 | 18.89 |
|
|