Mascot Systems has reported a remarkable 45% quarter on quarter growth in profits to Rs 94 m. The company's operating margins also improved to 17.6% (from 14.9% in 1QFY01).
Operating Profit (EBDIT)
Operating Profit Margin (%)
Profit before Tax
Profit after Tax/(Loss)
Net profit margin (%)
Diluted number of shares
Diluted Earnings per share*
P/E (at current price)
During the quarter the company has diversified its geographic mix. Revenues from US contributes 63% of total sales followed by 13% from Europe and 25% from Asia Pacific. The company provides solutions in the areas of e-business, application reengineering & maintenance and business intelligence.
At the current market price of Rs 301 Mascot is trading at a P/E multiple of 9 times its 2QFY01 annualsied earnings.
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