Mastek Ltd., a prominent IT solutions and services provider, has recommended a final dividend of Rs 16 per equity share for the financial year ended March 31, 2026. This announcement came concurrent with the release of the company's robust fourth-quarter (Q4 FY26) financial results, which saw a significant jump in net profit.
Mastek Announces Generous Dividend Payout
The Board of Directors of Mastek Ltd. proposed a final dividend of Rs 16 per equity share, based on a face value of Rs 5 each. This translates to a substantial 320 percent payout for shareholders. Including an interim dividend of Rs 8 per share already distributed, the total dividend for FY26 stands at Rs 24 per share, or 480 percent.
Shareholders' approval at the upcoming 44th Annual General Meeting (AGM) is required for the final dividend. Upon approval, the payment will be processed within 30 days. The record date for this dividend will be communicated to the exchanges at a later time.
Strong Q4 FY26 Financial Performance
Mastek reported impressive financial growth for Q4 FY26. The company's consolidated net profit surged by 30.94 percent year-on-year (YoY) to Rs 106.15 crore, compared to Rs 81.07 crore in the same period last year.
Revenue from operations also saw a positive trend, climbing 3.60 percent YoY to Rs 938 crore in Q4 FY26, up from Rs 905.42 crore in the previous year's corresponding quarter. Operating expenses for the quarter increased by 2.26 percent to Rs 812.91 crore, compared to Rs 794.95 crore a year earlier.
These positive financial results and the dividend declaration were made public after market hours on April 17, 2026. Earlier in the day, Mastek shares had closed 2.93 percent higher at Rs 1,749.90 on the stock exchange.