Mastek posts Q2 net profit at Rs 21.8cr, up 3%

Mastek has announced its consolidated second quarter results. The company posted net profit at Rs 21.8 crore (Rs 218 million) in the second quarter, up 2.88% compared to Rs 21.2 crore (Rs 212 million) in the previous quarter.

Its revenues was up 7.1% at Rs 209.8 crore (Rs 2.09 billion) from Rs 195.9 crore (Rs 1.95 billion) QoQ.

	FY07			FY06	FY05	YoY%
Particulars	Q2	Q1	QoQ%
Revenue	206.39	195.93	5.34	688.35	567.00	21.40
Other Income	3.37	2.99	12.71	12.75	9.64	32.26
Total Income	209.80	198.92	5.47	701.10	576.65	21.58
O Profit	37.09	31.81	16.60	88.42	62.91	40.55
PAT	21.80	21.19	2.88	69.09	53.45	29.26

 

 

 

 

The company declared interim dividend at Rs 3 per share.

Q3FY07 Guidance

• Revenues: Rs 222-226 crore
• Net Profit: Rs 23.5 -24.5 crore

Particulars     Q2FY06      Actual Guidance

Revenues      Rs 209.8 cr   Rs 204-209 cr

Net Profit      Rs 21.8 cr     Rs 21.5-22.5 cr

According to CNBC-TV18 estimates, the company's net profit was expected to go up 5.47% from Rs 21.19 crore (Rs 211.9 million) to Rs 22.35 crore (Rs 223.5 million) quarter-on-quarter, QoQ.

Its revenues was seen going up 6.11% from Rs 195.93 crore (Rs 1.95 billion) to Rs 207.9 crore (Rs 2.07 billion) QoQ.