Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Mastek Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 709 | 725 | 766 | 784 | 780 | 813 | 867 | 870 | 905 | 915 | 940 | 906 | 938 |
| Expenses + | 584 | 598 | 642 | 651 | 655 | 689 | 724 | 729 | 767 | 777 | 795 | 754 | 787 |
| Operating Profit | 126 | 127 | 123 | 134 | 125 | 124 | 143 | 141 | 139 | 137 | 146 | 152 | 151 |
| OPM % | 18% | 18% | 16% | 17% | 16% | 15% | 16% | 16% | 15% | 15% | 15% | 17% | 16% |
| Other Income + | -0 | 2 | 1 | 3 | 5 | 4 | 17 | 13 | -5 | 11 | 15 | 14 | 0 |
| Interest | 9 | 9 | 13 | 13 | 9 | 9 | 11 | 12 | 10 | 9 | 9 | 7 | 7 |
| Depreciation | 20 | 20 | 21 | 22 | 27 | 20 | 20 | 17 | 19 | 18 | 18 | 18 | 18 |
| Profit before tax | 96 | 100 | 90 | 102 | 94 | 99 | 129 | 126 | 106 | 121 | 134 | 141 | 125 |
| Tax % | 25% | 27% | 28% | 24% | -1% | 28% | 0% | 25% | 23% | 24% | 27% | 23% | 15% |
| Net Profit + | 73 | 74 | 65 | 78 | 94 | 72 | 129 | 95 | 81 | 92 | 97 | 108 | 106 |
| EPS in Rs | 23.77 | 22.91 | 20.50 | 24.56 | 29.85 | 23.18 | 41.68 | 30.67 | 26.20 | 29.75 | 31.46 | 34.96 | 34.24 |
Financials of Mastek Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,013 | 527 | 560 | 817 | 1,033 | 1,071 | 1,722 | 2,184 | 2,563 | 3,055 | 3,455 | 3,699 |
| Expenses + | 965 | 509 | 515 | 718 | 902 | 916 | 1,357 | 1,721 | 2,108 | 2,546 | 2,909 | 3,113 |
| Operating Profit | 47 | 18 | 45 | 100 | 132 | 156 | 364 | 463 | 456 | 509 | 546 | 586 |
| OPM % | 5% | 3% | 8% | 12% | 13% | 15% | 21% | 21% | 18% | 17% | 16% | 16% |
| Other Income + | 14 | 15 | 12 | 21 | 25 | 17 | 28 | 36 | 64 | 12 | 30 | 40 |
| Interest | 1 | 0 | 4 | 6 | 6 | 4 | 8 | 8 | 25 | 44 | 42 | 32 |
| Depreciation | 37 | 16 | 15 | 19 | 17 | 25 | 45 | 43 | 67 | 90 | 75 | 73 |
| Profit before tax | 22 | 16 | 39 | 96 | 133 | 144 | 339 | 448 | 427 | 386 | 459 | 521 |
| Tax % | 20% | 17% | 17% | 27% | 24% | 21% | 26% | 26% | 27% | 19% | 18% | 22% |
| Net Profit + | 18 | 14 | 32 | 70 | 101 | 114 | 252 | 333 | 310 | 311 | 376 | 404 |
| EPS in Rs | 7.86 | 5.97 | 13.86 | 29.53 | 42.33 | 44.82 | 82.97 | 98.32 | 95.99 | 97.36 | 121.50 | 130.33 |
| Dividend Payout % | 32% | 42% | 25% | 20% | 20% | 18% | 17% | 19% | 20% | 20% | 19% | 18% |
Financials of Mastek Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 12 | 12 | 12 | 12 | 12 | 13 | 15 | 15 | 15 | 15 | 16 |
| Reserves | 585 | 308 | 457 | 537 | 704 | 778 | 846 | 1,056 | 1,668 | 2,072 | 2,447 | 2,976 |
| Borrowings + | 29 | 0 | 66 | 70 | 70 | 335 | 273 | 203 | 404 | 519 | 583 | 438 |
| Other Liabilities + | 207 | 108 | 170 | 202 | 179 | 763 | 1,146 | 1,193 | 1,024 | 1,045 | 803 | 879 |
| Total Liabilities | 832 | 428 | 705 | 821 | 966 | 1,888 | 2,277 | 2,467 | 3,111 | 3,652 | 3,848 | 4,309 |
| Fixed Assets + | 279 | 66 | 180 | 179 | 167 | 857 | 807 | 841 | 1,740 | 1,950 | 1,818 | 1,939 |
| CWIP | 1 | 0 | 0 | 2 | 1 | 2 | 2 | 4 | 7 | 1 | 2 | 2 |
| Investments | 54 | 50 | 274 | 284 | 396 | 276 | 234 | 26 | 69 | 94 | 178 | 234 |
| Other Assets + | 498 | 312 | 251 | 356 | 401 | 754 | 1,235 | 1,596 | 1,296 | 1,607 | 1,851 | 2,135 |
| Total Assets | 832 | 428 | 705 | 821 | 966 | 1,888 | 2,277 | 2,467 | 3,111 | 3,652 | 3,848 | 4,309 |
Financials of Mastek Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 59 | 32 | 43 | 65 | 75 | 184 | 287 | 273 | 108 | 420 | 395 | 542 |
| Cash from Investing Activity + | -28 | -84 | -127 | -18 | -54 | -262 | 218 | -26 | -719 | -249 | -259 | -66 |
| Cash from Financing Activity + | 22 | -4 | 65 | -7 | -16 | 205 | -118 | -128 | 93 | 2 | -57 | -300 |
| Net Cash Flow | 53 | -57 | -20 | 40 | 5 | 127 | 387 | 119 | -519 | 173 | 80 | 176 |
| Free Cash Flow | 10 | 20 | 31 | 50 | 60 | 169 | 276 | 237 | 126 | 391 | 376 | 515 |
| CFO/OP | 121% | 199% | 102% | 74% | 80% | 149% | 92% | 83% | 53% | 104% | 95% | 121% |
Financials of Mastek Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 67 | 55 | 78 | 74 | 108 | 79 | 73 | 72 | 67 | 78 | 57 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 48 | 67 | 55 | 78 | 74 | 108 | 79 | 73 | 72 | 67 | 78 | 57 |
| Working Capital Days | 25 | 38 | 29 | 15 | 38 | 4 | -35 | -20 | 34 | -1 | 28 | 42 |
| ROCE % | 5% | 3% | 10% | 17% | 19% | 16% | 26% | 32% | 23% | 18% | 17% | 18% |