Asian equity markets traded mixed on Tuesday as investors weighed global risk sentiment alongside corporate earnings and broker cues.
Asian Market Snapshot
GIFT NIFTY rose 0.16% to 25,295, indicating a mildly positive start for Indian equities
Nikkei 225 slipped 0.39% to 52,785
Hang Seng declined 0.29% to 26,487.51
Shanghai Composite was flat, down 0.01% at 4,113.65
Mastek Q3FY26: AI-Led Deals Drive Profit Growth, Backlog Expands
Mastek Ltd. reported a resilient operational performance for Q3FY26, supported by AI-driven deal wins and improving margins, despite near-term revenue pressure.
Key Financial Highlights
Revenue from Operations: ₹905.7 crore, up 4.2% YoY (QoQ decline of 3.7% due to furloughs and project transitions)
Operating EBITDA Margin: 16.1%, up 60 bps QoQ
Profit After Tax: ₹108.4 crore, up 11.2% QoQ
EPS (Diluted): ₹34.7
12-month Order Backlog: ₹2,658.5 crore ($295.8 million), up 24.3% YoY
Interim Dividend: ₹8 per share (160%)
Operational Momentum
Added 17 new clients, taking the total to 333
Secured 26+ AI deals, focused on Generative and Agentic AI
Employee count: 4,676; LTM attrition eased to 17.6%
Cash balance: ₹798.8 crore, up sharply QoQ
Strategic Wins
Mastek secured multi-year and high-impact contracts across the UK, US, and Australia, including:
A three-year UK government biometrics platform
Digital delivery projects for UK financial regulators
Enterprise data modernization for a US asset manager
Oracle ERP Cloud implementations for UK ports and Australian local governments
Healthcare digital transformation for England’s NHS
Corporate Actions in Focus
Oberoi Realty (NSE): Interim dividend of ₹2 per share | Record & Ex-date: Jan 23
Property Share InvIT (BSE): Income distribution | Record & Ex-date: Jan 21
PSTI Tania (BSE): Income distribution | Record & Ex-date: Jan 21
Tips Music (NSE): Interim dividend of ₹5 per share | Record & Ex-date: Jan 23
Wipro Q3FY26: Revenue Stable, Margins Expand; Brokerage Maintains HOLD
Wipro Ltd. reported steady Q3FY26 results, with margin expansion offsetting muted revenue growth.
Wipro Financial Highlights
Consolidated Revenue: ₹23,560 crore, up 3.8% YoY
IT Services Revenue: $2.64 billion, up 1.4% QoQ (CC)
Adjusted EBIT Margin: 17.6%, up 40 bps QoQ
Q4FY26 Guidance: 0–2% QoQ revenue growth (CC)
Interim Dividend: ₹6 per share
Operational Metrics
Net headcount increased by 6,500, highest in 14 quarters
Utilization declined to 83.1%
LTM attrition eased to 14.2%
Brokerage View:
Prabhudas Lilladher reiterated a HOLD rating on Wipro with a target price of ₹260, citing margin resilience but subdued near-term growth visibility.
Global Commodities Update
Indium: $3,600 | -2.7% Day, +38.2% YoY
Tin: $49,258 | +2.66% Day, +62.1% YoY
Nickel: $17,687 | -2.52% Day
Synthetic Rubber: $11,983 | -1.98% Day
Gallium: $1,710 | +1.79% Day
Market Outlook
While global risk sentiment remains cautious, strong deal pipelines, AI-led transformation wins, and improving profitability continue to provide stock-specific opportunities amid broader volatility.
Disclaimer
This article is for information purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Stock market investments are subject to market risks. Readers are advised to consult their financial advisors before making any investment decisions. The information is based on publicly available disclosures and is believed to be accurate at the time of publication; however, no representation or warranty is made regarding its completeness or accuracy.
