Mastek Ltd Share Price – NSE /  BSE

IT - Software, Small Cap

These contracts, issued through the company’s subsidiary in the United Kingdom, will span over a period of two years.

According to an exchange filing, the contracts represent an extension and expansion of ongoing collaborations that aim to support the transformation of the department’s digital, data, and technology services. These projects are aligned with the department's strategic priorities.

The company has built a strong track record in driving digital transformations and delivering data-driven impact in the UK public service sector. With expertise in GovTech, Mastek empowers government departments with greater autonomy, efficiency, and resilience. The company continues to invest in the UK's Critical National Important Services, playing a key role in supporting essential services such as case management, data integration, and citizen services, all hosted on secure AWS cloud infrastructure.

The company remains committed to upholding compliance standards and regulatory frameworks set by the UK government, ensuring confidentiality and integrity in critical public service programs.

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.”

The official announcement was made on 26 February 2025.

Mastek is an IT company providing enterprise digital and cloud transformation services to the government/public sector, health and life sciences, retail and financial service sectors. The company's service offering includes application development, Oracle Suite & cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing, and agile consulting.

The company’s consolidated net profit jumped 25.7% to Rs 94.71 crore in Q3 FY25 as against Rs 75.32 crore posted in Q3 FY24. Revenue from operations increased 10.9% YoY to Rs 869.53 crore in the quarter ended 31 December 2024.

The scrip rose 0.23% to Rs 2354.20 on the BSE.

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Mastek announced that it has secured multiple contracts with an estimated value of USD 85 million from a UK public service department, spread over a period of 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.

Mastek is committed to upholding the compliance standards and regulatory frameworks set by the UK government, ensuring confidentiality and integrity in critical public service programmes.

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Mastek announced its strategic partnership with OpenAna, an innovative AI-driven platform modernizing software development lifecycle (SDLC) processes. This partnership marks a significant milestone in Mastek's journey to enhance its Generative AI capabilities, enabling businesses to innovate faster, optimize development workflows, and accelerate digital transformation.

OpenAna is transforming software engineering with Ana, an AI-powered Autonomous Software Engineer revolutionizing how technology teams deliver software. As an integral engineering teammate, Ana enables enterprises to accelerate delivery, scale effortlessly, and achieve unparalleled efficiency—all while empowering teams to focus on innovation and strategic growth.

The collaboration will focus on integrating GenAI into SDLC processes by harnessing OpenAna's next-gen AI capabilities and Mastek's deep expertise in digital transformation. Together, the partnership aims to empower organizations to navigate complex digital challenges and seize new growth opportunities. This will streamline development cycles, enhance operational efficiency, and accelerate time-to-market.

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Net profit of Mastek rose 25.74% to Rs 94.71 crore in the quarter ended December 2024 as against Rs 75.32 crore during the previous quarter ended December 2023. Sales rose 10.87% to Rs 869.53 crore in the quarter ended December 2024 as against Rs 784.27 crore during the previous quarter ended December 2023.

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