Mastek Limited , a global digital transformation services provider, has released its unaudited consolidated and standalone financial results for the second quarter and first half of fiscal year 2026, ending September 30, 2025. The company demonstrated revenue growth but experienced a decline in net profit compared to the previous year.

Financial Highlights

For the six-month period:

Regional Performance

Mastek's operations across different regions contributed to its Q2 FY2026 revenue as follows:

Analysis

Mastek Limited has shown a mixed performance in the second quarter of FY2026. While the company achieved notable revenue growth, both in the quarterly and half-yearly comparisons, it faced challenges in maintaining profit levels.

The consolidated revenue from operations increased by 8.4% year-over-year in Q2, rising from ₹86,739.00 lakhs to ₹94,037.00 lakhs. This growth trend was also reflected in the half-yearly results, with a 10.4% increase in revenue.

However, the company experienced a significant decline in net profit. Q2 FY2026 saw a 24.3% decrease in net profit compared to the same quarter in the previous year, dropping from ₹12,865.00 lakhs to ₹9,745.00 lakhs. The half-yearly results also showed a 5.3% decrease in net profit.

Mastek's operations in the UK & Europe emerged as the strongest contributor to its Q2 revenue, followed by North America and the AMEA region. This geographical diversity in revenue streams may help the company in managing market-specific challenges.

Despite the profit decline, Mastek reported a basic earnings per share of ₹31.48 for Q2 and ₹61.23 for the half-year period, indicating continued profitability.

The contrasting trends of revenue growth and profit decline suggest that Mastek may be facing increased costs or competitive pressures. The company's ability to maintain revenue growth while addressing profitability challenges will be crucial in the coming quarters.

Mastek Limited (NSE: MASTEK; BSE: 523704), a leading AI-first digital engineering and cloud transformation partner, has successfully implemented a cutting-edge HR system for Harmony Australasia, a prominent mining company operating in Australia and Papua New Guinea. The transformation, completed in just 56 weeks, marks a significant milestone in HR technology adoption within the mining sector.

AI-Driven HR Transformation

Mastek has enhanced Harmony Australasia's human resources operations by implementing AI-driven Oracle HCM Cloud technology along with Redwood UX/UI interface. This upgrade represents a major technology modernization initiative, creating a unified HR platform that covers five legal entities and two business units across Harmony Australasia's operations.

Comprehensive Solution for a Demanding Sector

The mining industry, known for its operational challenges, labor-intensive nature, and strict legal and safety compliance requirements, demanded a smart and streamlined HR management function. Mastek's solution addresses these needs by providing:

• Real-time workforce visibility for effective planning
• Significant reduction in manual intervention and paperwork
• Standardized compliance management and reporting
• Faster and more accurate responses to HR-related queries

Phased Implementation

The transformation journey was executed in multiple phases:

1. Advisory phase: Providing Harmony with a clear understanding of Oracle's modules and industry best practices
2. Deployment of Oracle Recruiting Cloud (ORC), Core HR, and Learning modules
3. Final phase: Integration of Talent, Compensation, and HR Helpdesk modules

All modules were ultimately rolled out in a single go-live event, creating a seamless end-to-end HR experience.

Key Transformational Outcomes

The implementation has delivered several significant business and functional outcomes:

Leadership Perspectives

Sandra Almeida, Group HR Manager at Harmony Australasia, expressed pride in the milestone, stating, "The successful implementation of Oracle Fusion HCM Cloud is a proud milestone in Harmony Australasia's digital journey toward a smarter, more connected HR function. By unifying workforce processes on a single cloud platform, it simplifies operations across geographies and creates a scalable foundation to support their evolving workforce needs in long-term."

Surya Nunna, Executive Vice President, AMEA at Mastek, commended the collaboration, saying, "A year ago, we set the ambitious goal of going live in August. Achieving this on schedule with zero escalations reflects not just the strength of our collaboration but also the dedication and discipline throughout the project execution journey. Harmony Australasia has been an exceptional client throughout, and we congratulate them on this successful transformation that sets a new benchmark for HR excellence."

This successful implementation showcases Mastek's expertise in delivering complex, AI-driven solutions and reinforces its position as a trusted partner for digital transformation in the mining industry and beyond.