Mastek Ltd Q4 PAT up 31.96% to Rs79.90 crore on sharp surge in UK and Europe profitability

20 Apr 2022 , 11:44 PM

Mastek Ltd reported 20.35% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs581.53cr. On a sequential basis, the revenues were higher for the quarter by 5.37%.

In terms of geographic growth, the UK and Europe operations saw revenues increase by 17.8% to Rs338cr. North American revenues were up 50.7% at Rs107cr while Middle East revenues were up 3.9% at Rs47.7cr.

The 12 month order backlog grew 30% yoy. Mastek reported 18.3% constant currency revenue growth in the fourth quarter. Mastek added 49 new clients in the quarter taking total client count to 450.

The consolidated net profit for Q4 was up 31.96% at Rs79.90cr, while the profits were higher 8.5% on sequential basis.

Operating margins at 20.8% in Q4 were sequential lower by 31 bps and on a yoy basis were lower by 117 bps. The company reported strong growth in operating profits from UK and Europe, while US and Middle East lagged.

Net margins stood at 13.74% in Mar-22 quarter compared to 12.53% in Mar-21. Net margins were higher by 40 bps on a sequential basis. Final dividend of Rs.12 takes total dividend to Rs.19/share in FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Mastek Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 581.53	₹ 483.21	20.35%	₹ 551.91	5.37%
Net Profit (Rs cr)	₹ 79.90	₹ 60.55	31.96%	₹ 73.64	8.50%
Diluted EPS (Rs)	₹ 26.15	₹ 23.28		₹ 24.17
Net Margins	13.74%	12.53%		13.34%