Mastek Limited

Rs 940.4 crore

ust. Value. Velocity. Press Release | Q2FY26 For Immediate Release Q2FY26 revenue at Rs 940.4 crore, up by 8.4% Y-o-Y Continued strong momentum with 25+ new AI deals in this quarter • Operating E

8.4%

Press Release | Q2FY26 For Immediate Release Q2FY26 revenue at Rs 940.4 crore, up by 8.4% Y-o-Y Continued strong momentum with 25+ new AI deals in this quarter • Operating EBITDA at Rs

Rs 145.5 crore

.4% Y-o-Y Continued strong momentum with 25+ new AI deals in this quarter • Operating EBITDA at Rs 145.5 crore, up 6.0% Q-o-Q • PAT at Rs 97.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12

6.0%

ed strong momentum with 25+ new AI deals in this quarter • Operating EBITDA at Rs 145.5 crore, up 6.0% Q-o-Q • PAT at Rs 97.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12 months o

Rs 97.4 crore

h 25+ new AI deals in this quarter • Operating EBITDA at Rs 145.5 crore, up 6.0% Q-o-Q • PAT at Rs 97.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12 months order backlog grew by 13.2% Y-

5.9%

in this quarter • Operating EBITDA at Rs 145.5 crore, up 6.0% Q-o-Q • PAT at Rs 97.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12 months order backlog grew by 13.2% Y-o-Y in ru

33.2%

145.5 crore, up 6.0% Q-o-Q • PAT at Rs 97.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12 months order backlog grew by 13.2% Y-o-Y in rupee terms Mumbai, India 16th October 2025:

13.2%

.4 crore, up 5.9% Q-o-Q • Total order backlog grew by 33.2% and 12 months order backlog grew by 13.2% Y-o-Y in rupee terms Mumbai, India 16th October 2025: Mastek, a trusted AI-first, digital enginee

2.8%

said: “We are pleased to deliver another quarter of consistent performance, with revenue growing 2.8% Q-o-Q in rupee terms. Growth was led by strong traction in the UK and Europe, driven by healthcare

46bps

inties. Overall pipeline and order backlog remain resilient. Operating EBITDA margin improved by 46bps Q-o-Q to 15.5%, aided by enhanced delivery efficiencies and continued cost optimisation. PAT grew

15.5%

pipeline and order backlog remain resilient. Operating EBITDA margin improved by 46bps Q-o-Q to 15.5%, aided by enhanced delivery efficiencies and continued cost optimisation. PAT grew 5.9% Q-o-Q, ref

4.5%

venue from Operations Q1FY26 Q-o-Q Growth Q2FY25 Y-o-Y Growth $107.4 Q2FY26 $108.2 $103.6 4.5% 0.8% Figures in Rs Crore Total Income Revenue from Operations Operating EBITDA % of Op. Inc

“FY24 FY25 Q2FY26 FY24 FY25 Q2FY26 Closing cash excludes unclaimed dividend of ₹ 50.3 crores # Return on Equity = PAT/Average Networth; Return on Capital Employed = EBIT/Average Capital Employed Investor Presentation Q2FY26 Company Confidential © Mastek 2025.”

“The initiative enables unified financials, real-time inventory and logistics tracking, smarter project delivery, and automated reporting, reducing time-to-close and driving enhanced operational efficiency, decision-making, and profitability.”

Note

2

Presented by

1

Presented by

Umang Nahata | Chief Executive Officer, Mastek Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 1 Agenda 01 Highlights of the Quarter 02 Financial & Operational Performance 03 Key Wins for the Quarter 04 Strategic Priorities & GenAI Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 2 Highlights Of The Quarter Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 3 Highlights of Q2FY26 8.4% Revenue Growth Year-on-Year 15.5% Operating EBITDA Margin 13.2% 12 Months Order backlog Year-on-Year Growth Q2FY26 revenue at ₹ 940.4 Crore Q2FY26 Op. EBITDA at ₹ 145.5 Crore 12 Months Order backlog at ₹ 2,484.3 Crore Revenue grew by 2.3% YoY (CC*) Op. EBITDA grew by 1.7% YoY 12 months order backlog grew by 6.8% YoY (USD terms) Secured 25+ new AI deals for Q2FY26 across AI for Technology, Business and Data Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 4

Note

# Financial Services includes consultancy/ professional services * Previous Quarters have been restated as per latest terminology Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 14 Operational Performance Revenue By Service Line Q2FY26 – Consolidated Q2FY26 51.1% 25.6% 10.8% 12.5% Digital & Application Engineering Oracle Cloud & Enterprise Apps Q1FY26 Digital Commerce & Experience Data, Automation and AI # 49.2% 28.0% 10.6% 12.2% Q2FY25 44.7% 32.0% 13.5% 9.8% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Note

Previous Quarters have been restated as per latest terminology Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 15 Key Wins for the Quarter Investor Presentation Q2FY26 Company Confidential © Mastek 2025. All rights reserved | 16 Key Wins for the Quarter UK & Europe UK & Europe Americas AMEA Government, Education & Financial Services Client UK’s Central Government Department responsible for immigration services. UK Ministerial Department shaping defence policy and fostering global peace. Gaming Control Board of a prominent US state overseeing the Gaming Industry. Leading foreign aid agency promoting sustainable socio-economic growth in developing countries. About the deal Mastek has secured a multi-year partnership to transform and support a digital platform, vital for UK visa and asylum application management. This engagement strengthens Mastek’s strategic role in modernizing UK Migration & Borders, delivering AI-driven efficiencies for Border For