Mastek reports 41% rise in Q4 consolidated net profit
16th Apr 2019

Mastek has reported results for fourth quarter ended March 31, 2019.

The company has reported a net profit of Rs 1.93 crore for the quarter under review against net loss of Rs 1.60 crore for the same quarter in the previous year. Total income of the company increased by 14.04% at Rs 49.79 crore for Q4FY19 as compared Rs 43.66 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 41.33% in its net profit at Rs 27.39 crore for the quarter under review as compared to Rs 19.38 crore for the same quarter in the previous year. Total income of the company increased by 18.73% at Rs 274.03 crore for Q4FY19 as compared Rs 230.80 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a rise of 93.84% in its net profit at Rs 30.51 crore as compared to Rs 15.74 crore for the previous year. Total income of the company increased by 20.74% at Rs 224.03 crore for year under review as compared to Rs 185.55 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a rise of 45.04% in its net profit at Rs 101.47 crore as compared to Rs 69.96 crore for the previous year. Total income of the company increased by 26.22% at Rs 1,057.99 crore for year under review as compared to Rs 838.20 crore for year ended March 31, 2018.