Mastek Q4 Earnings | Net profit increases 22%, EBITDA down nearly 6% from previous quarter

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Mastek, a digital engineering and cloud transformation company, on Friday, April 26 reported its earnings for March quarter.

It reported a 22% increase in its net profit to ₹92 crore from the previous quarter’s ₹75.3 crore.

However, the company’s revenue was down 0.5% at ₹780 crore from third quarter’s ₹784 crore.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) too witnessed a fall of 5.9% to ₹125.5 crore. In the previous quarter, the company had reported an EBITDA of ₹133.3 crore.

#4QWithCNBCTV18 | Mastek Q4

▶️Net profit up 22% at Rs 92 Cr vs Rs 75.3 Cr (QoQ)
▶️Revenue down 0.5% at Rs 780 Cr vs Rs 784 Cr (QoQ)
▶️EBITDA down 5.9% At Rs 125.5 Cr vs Rs 133.3 Cr (QoQ)
▶️Margin at 16% vs 17% (QoQ) pic.twitter.com/sbQWGkBXMb

— CNBC-TV18 (@CNBCTV18Live) April 27, 2024

Mastek’s margin too slid to 16% from 17% in the previous quarter.

Mastek shares ended 1.17% higher at ₹2,768 apiece in the previous trade session. The stock has gained 10% in the past month, 28.77% in the last six months and 62.04% in the past year.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow