Mastek Q2 FY27 Results: Consolidated Net Profit ₹106 Crore on Total Income of ₹1,030 Crore
Earnings
Blacklitt Research3 min read
Mastek reported consolidated total income of ₹1,030.40 crore and net profit of ₹105.67 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹249.13 crore and net profit ₹62.22 crore. It said in a filing on 23 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹1,030.40 crore, up 7.8% YoY and 3.3% QoQ.
Net profit and EPS: ₹105.67 crore, up 8.4% YoY and down 0.2% QoQ; basic EPS ₹34.08 against ₹31.48 a year earlier.
Tax: ₹35.79 crore, or 25.3% of profit before tax, against 27.3% a year earlier.
Exceptional items: A net gain of ₹10.72 crore in the quarter.
Standalone
The company on its own, without its subsidiaries
Total income: ₹249.13 crore, down 10.0% YoY and up 9.7% QoQ.
Net profit and EPS: ₹62.22 crore, down 17.3% YoY and up 199.1% QoQ; basic EPS ₹20.07 against ₹24.29 a year earlier.
Other income: ₹11.61 crore, against ₹58.37 crore a year earlier.
Exceptional items: A net gain of ₹43.78 crore in the quarter.
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
1,030.40
955.46
+7.8%
997.28
+3.3%
Revenue from operations
1,018.68
940.37
+8.3%
985.25
+3.4%
Other income
11.72
15.09
-22.3%
12.03
-2.6%
105.67
97.45
+8.4%
105.88
-0.2%
Finance costs
7.73
9.44
-18.1%
7.35
+5.2%
Depreciation
19.43
17.87
+8.7%
18.34
+5.9%
Tax expense
35.79
36.65
-2.3%
32.58
+9.9%
Net profit margin
10.26%
10.20%
+0.06 pp
10.62%
-0.36 pp
Tax as share of profit before tax
25.3%
27.3%
-2.03 pp
23.5%
+1.77 pp
EPS, basic (₹)
34.08
31.48
+8.3%
34.16
-0.2%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit rose 8.4% from a year earlier to ₹105.67 crore, which is faster than total income (up 7.8%). Against the previous quarter, net profit fell 0.2% from ₹105.88 crore, while total income rose 3.3% to ₹1,030.40 crore. Profit before tax was ₹141.46 crore, and the statement's exceptional items net to a gain of ₹10.72 crore.
Revenue from operations rose 8.3% year on year to ₹1,018.68 crore, while other income fell 22.3% to ₹11.72 crore. Other income was 1.1% of total income this quarter. Finance costs were ₹7.73 crore, down 18.1% from a year earlier.
The notes give the exceptional items as a gain of ₹47.26 crore on the sale of a property in Chennai, against restructuring cost of ₹10.64 crore and bad debts written off of ₹25.90 crore. The restructuring cost was incurred, the notes say, to drive AI-led operational efficiency. Tax expense was ₹35.79 crore, 25.3% of profit before tax, against 27.3% a year earlier.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
249.13
276.74
-10.0%
227.09
+9.7%
Revenue from operations
237.52
218.37
+8.8%
221.32
+7.3%
Other income
11.61
58.37
-80.1%
5.77
+101.2%
62.22
75.20
-17.3%
20.80
+199.1%
Finance costs
1.25
1.05
+19.0%
1.03
+21.4%
Depreciation
7.76
6.08
+27.6%
6.67
+16.3%
Tax expense
23.42
8.45
+177.2%
7.41
+216.1%
Net profit margin
24.97%
27.17%
-2.20 pp
9.16%
+15.82 pp
Tax as share of profit before tax
27.3%
10.1%
+17.25 pp
26.3%
+1.08 pp
EPS, basic (₹)
20.07
24.29
-17.4%
6.71
+199.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit was ₹62.22 crore, down 17.3% from a year earlier and up from ₹20.80 crore in the quarter ended 30 Jun 2026. Profit before tax was ₹85.64 crore, up 2.4% from ₹83.65 crore a year earlier, so profit before tax rose while net profit fell. Tax expense rose to ₹23.42 crore from ₹8.45 crore.
Total income was ₹249.13 crore, down 10.0% year on year, while other income fell 80.1%, from ₹58.37 crore to ₹11.61 crore. Revenue from operations rose 8.8% to ₹237.52 crore. Other income was 4.7% of total income this quarter.
Standalone exceptional items net to a gain of ₹43.78 crore: the ₹47.26 crore gain on the Chennai property, less a ₹1.90 crore provision for impairment of an investment in a subsidiary and ₹1.58 crore of restructuring cost. The notes say the impairment provision had no impact on the consolidated results.
Consolidated net profit of ₹105.67 crore was ₹43.45 crore higher than standalone net profit of ₹62.22 crore. The consolidated statement includes the Company and its 21 subsidiaries.
Inference
The Board approved the results on 23 Oct 2026. Statutory auditors Walker Chandiok & Co LLP carried out a limited review and reported nothing to indicate that the statements were not prepared under Ind AS 34 and Regulation 33.
The Board recommended a final dividend of ₹16 per share, 320% of the ₹5 face value. Shareholders approved it at the AGM on 7 Sep 2026, and it was paid on 18 Sep 2026. The notes give the incremental Labour Codes impact as ₹21.35 crore for gratuity and ₹8.77 crore for long-term compensated absences, which the Company says arose primarily from a change in wage definition.
The filing does not give a reason for the fall in standalone other income from a year earlier.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
