Mastek

Mastek reported a stable Q4 FY26 with revenue of ₹938 croreCurrent reported value: ₹938 crore. No comparable prior figure is available in the source record. (+3.6Current reported value: 3.6. No comparable prior figure is available in the source record.% QoQ) and EBITDA margin of 16.1%Current reported value: 16.1%. No comparable prior figure is available in the source record., despite wage hike impact and pricing pressure. Order backlog grew 7.2% QoQCurrent reported value: 7.2% QoQ. No comparable prior figure is available in the source record. in INR terms, providing a stronger foundation for FY27. Healthcare saw a timing dip, but financial services emerged as the star performer. Management expects FY27 to be a growth year, faster than FY26, but remains cautious due to macro volatility and AI-driven pricing headwinds. AI deals now constitute 9%Current 9%. Reported change: +6pp QoQ. of order book, shifting from tech efficiency to business outcomes. Key risk: renewal pricing discounts of 10-15% or higher could pressure revenue growth.