• APRIL 13, 2000

Mastek posts sharp rise in net margins

Mastek Limited has posted a sharp rise in net operating margins on the back of a surge in topline growth even as expenditure remained under control.

The company also benefited from the decline in the interest expenditure. However, the rise in depreciation costs, which is on account of expansions and aggressive depreciation charges policy, moderated the growth in bottomline.

(Rs m) 3QFY99 3QFY00 Change
Net Income from Operations 144 246 70.8%
Expenditure 110 155 40.4%
Operating Profit (EBDIT) 34 91 171.0%
Operating Profit Margin (%) 23.3% 37.0%  
Interest 3 2 -32.4%
Depreciation 10 23 141.7%
Profit before Tax 21 65 218.5%
Profit after Tax/(Loss) 21 65 218.5%
Net profit margin (%) 14.3% 26.6%  
Earnings per share* 23.6 37.6  

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