Earnings Update: Mastek Limited (NSE:MASTEK) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts

Mastek Limited (NSE:MASTEK) shareholders are probably feeling a little disappointed, since its shares fell 6.6% to ₹2,750 in the week after its latest third-quarter results. Results look mixed - while revenue fell marginally short of analyst estimates at ₹8.7b, statutory earnings were in line with expectations, at ₹97.25 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Mastek

Following the latest results, Mastek's six analysts are now forecasting revenues of ₹41.1b in 2026. This would be a huge 23% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 8.4% to ₹136. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹40.3b and earnings per share (EPS) of ₹137 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of ₹3,504, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Mastek analyst has a price target of ₹3,840 per share, while the most pessimistic values it at ₹3,252. This is a very narrow spread of estimates, implying either that Mastek is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 18% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 8.1% annually. So although Mastek is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at ₹3,504, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Mastek going out to 2027, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 1 warning sign for Mastek that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.