Mastek Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

Mastek announced that ICRA has affirmed the credit rating for bank facilities at ICRA AA-; Stable / ICRA A1+.

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Mastek (UK), a Wholly-owned Subsidiary of Mastek announced that it has secured an engineering contract with the Home Office, with an overall budget of circa ?85m/$110m+. Delivering to Migration and Borders Policy, the engagement deploys specialist engineering practices and teams to support, maintain, and enhance the Home Office's flagship ATLAS platform, the core system enabling Visa and Study routes, Asylum Casework, Border Force Operations, and Immigration Enforcement.

The service aims to scale ATLAS, making its common components scalable, resilient and highly available. A combination of high-end engineering techniques and AI-driven engineering accelerators will be applied across human and automated casework and the modernisation of the platform. Mastek expects significant growth in this contract, as the department plans to deliver various complex policies through the Atlas system over the coming few years.

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Under the agreement, the company will deliver managed specialist engineering and cloud platform services across policing, forensics, justice, migration, and borders policy.

Mastek will help Home Office in supporting, maintaining, and enhancing their flagship Biometrics Services Gateway (BSG) and National DNA Database (NDNAD) systems. These systems and services will enable passports, visa, study and asylum routes, DNA search and match caseworking, and its enforcement operations to name a few.

The service aims to enable the Home Office Biometrics Programme in delivering its responsibility to provide biometrics-related services to users in the Home Office and Policing, as well as more widely in the UK Government and with international partners. Mastek expects significant growth in this contract, as the department plans to deliver various vital and complex upgrades to the BSG and NDNAD systems over the coming few years.

Abhishek Singhh, president UKI & Europe, Mastek, said, This milestone deepens our partnership with the Home Office and reflects sustained confidence in Mastek?s deep domain knowledge in biometrics integration systems, DNA search and match technologies and advanced engineering capabilities. We look forward to operating secure, compliant, and resilient services for the Home Office 24x7 at a national scale, enabling collaboration across departments, with Europe and internationally. We thank the Home Office for creating an excellent environment for supplier collaboration and delivery with our teams, who anchor Mastek?s role as a trusted partner to the UK Public Sector.?

Mastek is an IT company providing enterprise digital and cloud transformation services to the Government/public sector, healthcare, life science, retail, and financial services sectors. The company?s service offerings include application development, Oracle suite and cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing and agile consulting.

The company?s consolidated net profit jumped 11.19% to Rs 108.35 crore despite 3.69% decline in net sales to Rs 905.68 crore in Q3 FY26 over Q2 FY26.

The counter advanced 0.28% to Rs 1,593 on the BSE.

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Mastek announced that its wholly owned subsidiary, Mastek (UK) has been awarded a Silver Medal in the EcoVadis Sustainability Assessment, placing the company in the Top 15% of companies assessed globally over the past 12 months.

EcoVadis is one of the world's most trusted providers of business sustainability ratings, evaluating companies across four core pillars: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. The assessment provides an independent, evidence-based benchmark of ESG performance and maturity.

In a standout performance within the technology sector, Mastek ranked in the Top 7% overall among IT companies assessed in the past 12 months, and achieved an exceptional Top 2% ranking in the Environment category, reflecting its focused efforts on environmental stewardship and climate-conscious operations.

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