Mastek Ltd's Q2FY17 consolidated net profit rises 113.69% qoq to Rs.7.65 crore

India Infoline Research Team | October 18, 2016 15:30 IST

Mastek Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

Q2FY17 QoQ (%)
Revenue 125.9 [3.2]
EDITDA 11.2 54.6
EBITDA Margin (%) 8.9 333
Net Profit (adjusted) 7.6 113.7
***EBITDA margin change is bps

The consolidated net revenue for the quarter declined by 3% QoQ to Rs. 125.9 cr against Rs. 130 cr in previous quarter

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 consolidated net profit improved by by 113.7% QoQ to Rs. 7.6 cr against Rs. 3.5cr of last quarter due to improvement in EBITDA margin.

Technical View:

Mastek Ltd ended at Rs. 148.3, up by 15.4 points or 11.59% from its previous closing of Rs. 132.9 on the BSE.
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 6758477(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

BSE 406.10 13.65 (3.48%)
NSE 407.25 14.45 (3.68%)

***Note: This is a NSE Chart



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