Mastek Shares Drop 5% Following Q4 Profit Decline Amid Modest Revenue Growth
Mastek shares down 5% after Q4 profit dips; revenue sees modest rise
Business Standard
Image: Business Standard
Shares of Mastek, a global IT services and consulting company, fell nearly 5% after reporting a 2% decline in net profit for the March 2026 quarter, despite a 3.6% increase in revenue. The company's market capitalization is approximately ₹5,221.19 crore, and it has recommended a final dividend of ₹16 per share.
- 01Mastek's share price dropped nearly 5% to ₹1,662 following Q4FY26 results.
- 02The company reported a 2% quarter-on-quarter decline in net profit to ₹106.2 crore.
- 03Revenue from operations increased by 3.6% quarter-on-quarter to ₹938 crore.
- 04Mastek's order backlog grew by 24.4% year-on-year, indicating future revenue potential.
- 05The board recommended a final dividend of ₹16 per equity share for FY26.
Advertisement
In-Article Ad
Mastek, a global IT services and consulting company, saw its shares decline nearly 5% to an intraday low of ₹1,662 on April 20, 2026, after announcing its quarterly results for the March 2026 quarter (Q4FY26). The company reported a 2% quarter-on-quarter decrease in consolidated net profit, amounting to ₹106.2 crore, compared to ₹108.4 crore in the previous quarter. However, year-on-year, profit increased by 30.9% from ₹81.1 crore. Revenue from operations rose 3.6% quarter-on-quarter to ₹938 crore, supported by a 24.4% year-on-year increase in the company's order backlog. Mastek's management highlighted strong growth in its UK and US markets, particularly in healthcare and financial services. The board has recommended a final dividend of ₹16 per equity share for the financial year ending March 31, 2026, indicating a commitment to returning value to shareholders.
Advertisement
In-Article Ad
The decline in Mastek's share price may affect investor confidence and could influence future funding for projects, impacting employees and stakeholders.
Advertisement
In-Article Ad
Reader Poll
What do you think about Mastek's financial performance in Q4FY26?
Connecting to poll...
More about Mastek
Read the original article
Visit the source for the complete story.