Mastek Ltd.

NSE: MASTEK | BSE: 523704 | ISIN: INE759A01021 |Industry: IT Consulting & Software
|Expensive Performer

Mastek Ltd.    
20 Oct 2021
2695.50
6.98%

Highlights:

  • Q2FY22 revenue at Rs 533.9 crore; up by 30.3% Y-o-Y basis
  • EBITDA Margin at 21.1% for Q2FY22
  • PAT grew 37.8% Y-o-Y
  • 12 month order backlog grew 22.7% Y-o-Y
  •  Added 45 new clients in the quarter

Commenting on the Q2FY22 results, Hiral Chandrana, Global Chief Executive Officer, Mastek Group, said: “We continue to demonstrate sustained growth across geographies and industry sectors. I am pleased with our expansion in Fortune 1000 clients in Americas and increasing deal sizes in our pipeline. As an organization, we have made progress on our Vision 2025, strategic priorities and big bets that will drive accelerated growth in digital & cloud services over the next 3 years. We will continue to invest on our talent and our Mastekeer experience. As we shape the future in partnership with our clients, we will stay focused on delivering business outcomes & solutions, living the trust with stakeholders and innovating with disruptive technologies to drive time to value.”

Arun Agarwal, Global Chief Financial Officer, Mastek Limited, said: “Q2FY22 has been another quarter of consistent financial performance. We reported Rs 533.9 crore revenue, reflecting a growth of 30.3% on Y-o-Y basis, demonstrating the strong fundamentals of our business. Despite increase in costs due to salary hikes and investments in sales & marketing, we have been able to maintain healthy operating EBITDA margin at 21.1%. We are confident that with refreshed focus towards new age practices and strategic investments, we are well placed to sustain the growth momentum, create values for our customers and maximize value for our shareholders.”

 

Result PDF

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Promoters have decreased holdings from 44.25% to 37.75% in Sep 2021 qtr
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