Mastek share price surges over 4% as firm secures multi-year, multi-million dollar contract; here are the details

However, the stock pared gains. Last seen, shares of the company were trading at ₹2,408.05, up 2%.

In its regulatory filing, Mastek said it has secured multiple contracts with an estimated value of $85 million from a UK public service department, spread over 2 years. The contracts are an extension and expansion of the ongoing collaborations that support the transformation of the department’s digital, data, and technology services, aligned to its strategic priorities.

"Mastek has a strong track record of driving digital transformations and delivering data-driven impact to citizens in the UK public service domain. With deep expertise in GovTech, Mastek enables government departments with greater autonomy, efficiency, and resilience. Through continued investment in the UK’s Critical National Important Services, Mastek plays a vital role in supporting essential services, including case management, data integration, and management, in citizen services on secure AWS cloud infrastructure," the company said.

Commenting on the deal, Abhishek Singh, President of UKI & Europe, Mastek, said, “At Mastek, we are dedicated to providing secure and high-impact digital solutions that empower our customers to be self-resilient and future-ready. As a trusted technology partner, we remain committed to supporting citizen-centric critical services that align with evolving national priorities.”

Mastek Q3 FY25 Results

On a consolidated basis, Mastek's total income grew 0.8% QoQ to ₹879 crore in the December 2024 quarter (Q3 FY25) from ₹872.4 crore. On a YoY basis, the figure grew 11.6%.

Revenue from operations came in at ₹869.5 crore, up 0.2% QoQ from ₹867.4 crore. On a year-on-year (YoY) basis, revenue increased by 10.9%.

Operating EBITDA, or earnings before interest, taxes, depreciation, and amortisation, slipped 1.7% to ₹140.7 crore from ₹143.1 crore logged in the September 2024 quarter.

EBITDA margin slipped 32 bps to 16.2% from 16.5% in the Q2 FY25 quarter.

Net profit also fell to ₹94.7 crore, down 26.4% from ₹128.7 crore registered in the year-ago period.

In US dollar terms, revenue from operations came in at $102.9 million against $103.6 million, down 0.7% QoQ.

In constant currency terms, revenue grew 0.1%.

Arun Agarwal, Chief Financial Officer, Mastek, said, “We reported operating EBITDA of 16.2% after taking the full quarter impact of wage hikes and furloughs backed by our disciplined and consistent execution. In Q3FY25, we added 10 new clients, bringing our total active clients to 351 versus 380 last quarter, reflecting deeper account mining and high revenue per account. We have declared an interim dividend of 140% or ₹7 per share. We continue to remain focused on productivity and prudent resource allocation to ensure profitable growth going forward.”

Shares of Mastek have fallen over 21% in the past 12 months.