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Values in Rs. in  Crores

Mastek Sep 23 Year on Year Revenue Skies by 22.4% to Rs.766 Crore and Year on Year Profit balloons by 83.6% to Rs.65 Crore. Quarter to Quarter Revenue Surge by 5.6% and Q to Q Profit dwindle by 11.2%

00:00 / 03:24
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Revenue Analysis:

Mastek, has reported a revenue of Rs. 766 Crore, which has flies by 5.6% as compared to previous quarter revenue of Rs. 725 Crore. As compared to revenue of September-22, there is a increases sharply by 22.4% from Rs. 625 Crore. to Rs. 766 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.752 Crore . Company's reported Revenue of Rs. 766 is fairly in line with expectations.


Segment Revenue and Analysis

The Major Segments have been, Middle East and North America operations. The share of each major segments are Middle East : 84 Crore [10.9%] and North America operations : 218 Crore [28.4%].


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has skies by 83.6% to Rs.65 Crore from Rs. 36 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has shrinks by 11.2% to Rs.65 Crore from Rs. 74 Crore. Net Profit % of the Company has remained at 8.5% compared to 10.1% in previous quarter and 5.7% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 16.1% from 17.5% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

b) Employee Cost has soars to 56.1% (Previous Quarter: 53.8%). Employee Cost in exact value has crosses from Rs. 391 Crore to 429 Crore.

c) Other Expenses has slip to 27.9% (Previous Quarter: 28.6%). Other Expenses zooms from Rs. 208 Crore to 213 Crore.


The finance cost has flies from Rs. 9.31 Crore to 12.6 Crore by 35.3%.


Key Matrix:

Price to Earning (PE) ratio of the company is 25.11 as compared to the Industry PE of 31.24. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 14.7% and Return of Capital Employed (ROCE) is 17.8%.


Share Price Movement:

The Return on Share Prices were 0.5% in past one month, 9.9% in 3 months, 34.4% in 6 months, 38.5% in 12 months, -20.6% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has flies by 5.6%. EBITDA Margin has nearly remains regular to 16.1% from 17.5%. and Net Profit After Tax Margin has shrinks to 8.5% from 10.1%.


The Brief of Quarterly Results is as follows:

Mastek Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
765.5
725
709
659
Cost of Goods Sold
0
0
0
Employee Cost
429.1
390.5
380.7
346.4
Other Expenses
213.4
208
203
199
EBITDA
123
127
126
114
Depreciation
20.9
19.7
19.6
19.6
Interest Expense
12.6
9.3
9.3
8.2
Other Income
4.8
2.4
-0.4
6
Profit B4 Excep. Items
94.4
100
96
92
Exception Items
4.1
0
0
0
Net Profit Before Tax
90.3
100
96
92
Taxes
25
26.8
23.7
24.8
Net Profit After Tax
65.3
74
73
67
Gross Margin %
0
0
0
0
Employee Cost %
56.10%
53.80%
53.70%
52.60%
Other Expense Cost %
27.90%
28.60%
28.60%
30.10%
EBITDA %
16.10%
17.50%
17.70%
17.30%
Net Profit After Tax %
8.50%
10.10%
10.20%
10.20%

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00:00 / 03:44

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00:00 / 04:24

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00:00 / 04:07

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00:00 / 04:10
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