Mastek Limited

Rs 914.7 crore

ust. Value. Velocity. Press Release | Q1FY26 For Immediate Release Q1FY26 revenue at Rs 914.7 crore, up by 12.5% Y-o-Y Strong momentum with 10+ AI deals • Operating EBITDA at Rs 137.3 crore, up 1

12.5%

Press Release | Q1FY26 For Immediate Release Q1FY26 revenue at Rs 914.7 crore, up by 12.5% Y-o-Y Strong momentum with 10+ AI deals • Operating EBITDA at Rs 137.3 crore, up 10.8% Y-o-Y

Rs 137.3 crore

ue at Rs 914.7 crore, up by 12.5% Y-o-Y Strong momentum with 10+ AI deals • Operating EBITDA at Rs 137.3 crore, up 10.8% Y-o-Y • PAT at Rs 92.1 crore, up 28.7% Y-o-Y • 12 months order backlog grew by 8.3% Y

10.8%

e, up by 12.5% Y-o-Y Strong momentum with 10+ AI deals • Operating EBITDA at Rs 137.3 crore, up 10.8% Y-o-Y • PAT at Rs 92.1 crore, up 28.7% Y-o-Y • 12 months order backlog grew by 8.3% Y-o-Y in ru

Rs 92.1 crore

Strong momentum with 10+ AI deals • Operating EBITDA at Rs 137.3 crore, up 10.8% Y-o-Y • PAT at Rs 92.1 crore, up 28.7% Y-o-Y • 12 months order backlog grew by 8.3% Y-o-Y in rupee terms Mumbai, India 18th

28.7%

th 10+ AI deals • Operating EBITDA at Rs 137.3 crore, up 10.8% Y-o-Y • PAT at Rs 92.1 crore, up 28.7% Y-o-Y • 12 months order backlog grew by 8.3% Y-o-Y in rupee terms Mumbai, India 18th July 2025:

8.3%

crore, up 10.8% Y-o-Y • PAT at Rs 92.1 crore, up 28.7% Y-o-Y • 12 months order backlog grew by 8.3% Y-o-Y in rupee terms Mumbai, India 18th July 2025: Mastek, a trusted AI-first, digital engineerin

15.0%

some accounts, however pipeline and order backlog remain strong. Operating EBITDA margin stood at 15.0%, declined marginally by 31 bps due to ongoing investments in talent and capabilities. On a Y-o-Y b

31 bps

e and order backlog remain strong. Operating EBITDA margin stood at 15.0%, declined marginally by 31 bps due to ongoing investments in talent and capabilities. On a Y-o-Y basis, Operating EBITDA grew by

13.5%

and capabilities. On a Y-o-Y basis, Operating EBITDA grew by 10.8%. PAT grew to Rs 92.1 crore, up 13.5% Q-o-Q and 28.7% Y-o-Y. Our 12-month order backlog grew 8.3% Y-o-Y in rupee terms, supported by st

10.4%

n $mn Revenue from Operations Q4FY25 Q-o-Q Growth Q1FY25 Y-o-Y Growth $104.6 Q1FY26 $107.4 10.4% $97.3 2.6% Figures in Rs Crore Total Income Revenue from Operations Operating EBITDA % of

2.6%

rom Operations Q4FY25 Q-o-Q Growth Q1FY25 Y-o-Y Growth $104.6 Q1FY26 $107.4 10.4% $97.3 2.6% Figures in Rs Crore Total Income Revenue from Operations Operating EBITDA % of Op. Income Ne

“6 1 FY24 FY25 Q1FY26 FY24 FY25 Q1FY26 % 7 .”

“7 1 FY24 FY25 Q1FY26 # Return on Equity = PAT/Average Networth; Return on Capital Employed = EBIT/Average Capital Employed Investor Presentation | Earning Deck Company Confidential © Mastek 2023.”

Note

2

Presented by

1

Presented by

Umang Nahata| Chief Executive Officer, Mastek TABLE OF CONTENTS 1 2 3 4 Highlights of the Quarter Financial & Operational Performance Key Wins for the Quarter Strategic Priorities & GenAI Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 2 HIGHLIGHTS OF THE QUARTER HIGHLIGHTS OF Q1FY26 Revenue Growth Year-on-Year 12.5% Operating EBITDA Margin 15.0% 12month Order backlog Year-on-Year Growth 8.3% Q1FY26 revenue at ₹ 914.7 Crore Revenue grew by 6.8% YoY (CC*) Q1FY26 Op. EBITDA at ₹ 137.3 Crore 12 Months Order backlog at ₹ 2,347.9 Crore Op. EBITDA grew by 10.8% YoY 12 months order backlog grew by 5.3% YoY (USD terms) Mastek’s ADOPT.AI launched 80+ AI Agent assets and 100+ real-world business use cases spanning Technology, Business, and Data Investor Presentation | Earning Deck *CC: Constant Currency Company Confidential © Mastek 2023. All rights reserved | 4 KEY ACHIEVEMENTS & RECOGNITIONS Mastek featured in Gartner’s Emerging Magic Quadrant for

Note

# Financial Services includes consultancy/ professional services * Previous Quarters have been restated as per latest terminology Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 13 OPERATIONAL PERFORMANCE Revenue By Service Line Q1FY26 – Consolidated Q1FY26 49.2% 28.0% 10.6% 12.2% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q4FY25 47.9% 30.1% 11.7% 10.3% Digital Commerce & Experience Data, Automation and AI Q1FY25 45.8% 32.1% 13.3% 8.8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Note

Previous Quarters have been restated as per latest terminology Investor Presentation | Earning Deck Company Confidential © Mastek 2023. All rights reserved | 14 KEY WINS FOR THE QUARTER KEY WINS FOR THE QUARTER UK & Europe UK & Europe Americas AMEA Government, Education & Financial Services Client A central government agency delivering biometric services for immigration and law enforcement. A central banking institution focused on monetary and financial stability. A premier academic institution driving global health advancement through biomedical research, life sciences education, and excellence in patient care. A regional water corporation in Australia providing safe drinking water and wastewater services to nearly 180,000 customers across ~50 towns. About the deal Mastek secured a one-year extension to manage and enhance a national biometrics platform supporting immigration and law enforcement. The engagement ensures continuity of high- security services while introducing new capabil