Mastek Latest Updates

Significant UK Public Sector Wins: Mastek continues to solidify its position in the UK government sector. In June 2025, they secured a new contract from NHS England to provide cybersecurity training for NHS Boards and Senior Information Risk Owners (SIROs). This builds on earlier multi-year contracts, valued at an estimated $85 million, secured in February 2025 from another UK Public Service Department for digital and technology transformation. Focus on AI and Innovation: Mastek launched ***** on June 19, 2025. This new offering is a comprehensive suite of AI solutions and services designed to accelerate AI innovation and enterprise-wide AI adoption, demonstrating Mastek's commitment to leading in advanced digital capabilities. Recent Financial Performance and Outlook: For Q1 FY26 (April-June 2025), Mastek reported a profit after tax of ₹71.50 Crore on a total income of ₹812.89 Crore. While quarterly profit saw a decline, the company's 12-month order backlog grew by 7.1% quarter-on-quarter, reaching ₹210 billion ($23.3 billion), indicating a strong pipeline for future revenue. Mastek aims to improve profitability in FY26. Management Changes: Mastek has seen some recent changes in its leadership team. Mr. Umang Nahata was appointed as the Chief Executive Officer in January 2025. There was also a change in the Chief Financial Officer position, with Mr. Raghavendra Jha resigning in June 2025 after his appointment in May 2025.