Mastek reported Q1FY27 results on July 22, 2026.
Consolidated revenue grew 7.7% year-over-year to ₹985.3 crore. The company secured over 40 new AI deals during the quarter. The AI order book more than doubled sequentially to $64.0 million. The 12-month order backlog increased 25% year-over-year to ₹2,935.2 crore.
Mastek shares declined 2.66% to ₹1,700.1 following the announcement. Operating margins experienced a sequential decline. Execution risks in the Middle East pressured investor sentiment. Market concerns regarding near-term profitability currently outweigh the growth in AI-driven orders.