Mastek jumps 11.6% after good Q2 results

India Infoline News Service | Mumbai | October 18, 2016 15:59 IST

The company reported a net profit of Rs 7.65 crore for quarter-ended September, compared to Rs 3.6 crore in the previous quarter.

Mastek
Mastek Ltd ended at Rs 148.3, up by Rs 15.4 or 11.59% from its previous closing of Rs 132.9 on the BSE.The company reported a net profit of Rs 7.65 crore for quarter-ended September, compared to Rs 3.6 crore in the previous quarter.

The scrip opened at Rs 135.05 and touched a high and low of Rs 153.9 and Rs 133.5 respectively. A total of 6758823 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 308.9 crore.

The consolidated EBITDA grew by 54.5% QoQ to Rs. 11.2 cr due to decline in consultancy charges 14% QoQ and fall in other expenses by 28% QoQ. The EBITDA margin improved by 333 bps and consolidated EBITDA margin stood at 8.91% for Q2FY17 against 5.58% of previous quarter.

The BSE group 'B' stock of face value Rs 5 touched a 52 week high of Rs 211.4 on 01-Dec-2015 and a 52 week low of Rs 104.7 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 135.5 and Rs 128.9 respectively.

The promoters holding in the company stood at 49.51 % while Institutions and Non-Institutions held 12.51 % and 37.98 % respectively.

The stock traded above its 200 DMA.

***Note: This is a NSE Chart

 

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