X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
MASTEK Announces Quarterly Results (2QFY19); Net Profit Up 43.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MASTEK Announces Quarterly Results (2QFY19); Net Profit Up 43.5%
Fri, 9 Nov

MASTEK has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MASTEK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m1,9852,4402,5715.3%29.5%
Other incomeRs m563187178.0%55.4%
TurnoverRs m2,0412,4722,6587.5%30.2%
ExpensesRs m1,7472,1312,2585.9%29.2%
Gross profitRs m2373093131.2%31.9%
DepreciationRs m51394821.9%-6.1%
InterestRs m14132492.1%68.1%
Profit before taxRs m22828932813.6%43.9%
TaxRs m53647720.1%45.2%
Profit after taxRs m17522525111.8%43.5%
Gross profit margin%12.012.712.2
Effective tax rate%23.322.223.5
Net profit margin%8.69.19.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 29.5% on a year-on-year (YoY) basis. The expenses were up by 29.2% YoY during the same period.
  • The company's operating profit increased by 31.9% YoY during the quarter. Consequently, operating profit margins remained same and stood at 12.2% in 2QFY19.
  • Depreciation charges declined by 6.1% and finance costs increased by 68.1% YoY, respectively.
  • Other income increased by 55.4% YoY during the quarter.
  • Net profit for the quarter increased by 43.5% YoY. Net profit margins during the quarter increased from 8.6% in 2QFY18 to 9.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.9% QoQ during the same period.
  • The company's operating profit declined by 1.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.2% in 2QFY19 as against 12.7% in 1QFY18.
  • Net profit for the quarter increased by 11.8% QoQ, while net profit margins increased from 9.1% in 1QFY18 to 9.4% in 2QFY19.

To see how MASTEK has performed over the last eight quarters, please visit here.

MASTEK Share Price Performance

Over the last one year, MASTEK share price has moved up from Rs 351.9 to Rs 476.5, registering a Gain of Rs 124.6 or around 35.4%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,156.2 (down 1.5%). Over the last one year it has moved up from 10,756.5 to 14,156.2, a gain of 3,400 points (up 31.6%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 476.5, the price to earnings (P/E) ratio of MASTEK stands at 15.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

Equitymaster requests your view! Post a comment on "MASTEK Announces Quarterly Results (2QFY19); Net Profit Up 43.5%". Click here!

  

Related Views on News

MASTEK Announces Quarterly Results (3QFY19); Net Profit Up 43.9% (Quarterly Result Update)

Jan 18, 2019 | Updated on Jan 18, 2019

For the quarter ended December 2018, MASTEK has posted a net profit of Rs 265 m (up 43.9% YoY). Sales on the other hand came in at Rs 3 bn (up 26.5% YoY). Read on for a complete analysis of MASTEK's quarterly results.

MASTEK 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of MASTEK for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of MASTEK. Also includes updates on the valuation of MASTEK.

MASTEK Announces Quarterly Results (1QFY19); Net Profit Up 53.2% (Quarterly Result Update)

Jul 25, 2018 | Updated on Jul 25, 2018

For the quarter ended June 2018, MASTEK has posted a net profit of Rs 225 m (up 53.2% YoY). Sales on the other hand came in at Rs 2 bn (up 31.5% YoY). Read on for a complete analysis of MASTEK's quarterly results.

Newgen Software Technologies Ltd. (IPO)

Jan 15, 2018

Should you subscribe to the IPO of Newgen Software Ltd?

Ankit Shah's First Five Insider Recommendations (The 5 Minute Wrapup)

Aug 5, 2017

How to get exclusive insider recommendations from Ankit Shah.

More Views on News

Most Popular

My Top 3 Defence Stocks to Buy Now(The 5 Minute Wrapup)

Mar 19, 2019

The urgency to privatise India's defence sector to make India self-reliant was never as strong as it is today.

5 Fundamentally Strong Stocks to Pick for Trading Today(Profit Hunter)

Mar 15, 2019

5 fundamentally strong stocks one could buy to trade in this market right now. Make sure you grab the chance this strongly rallying market offers.

This Small Cap Stock Could Offer Triple Digit Gains from its Current Price(Profit Hunter)

Mar 19, 2019

If you are still waiting for signals, remember, there is no correct timing, only right time to Buy stocks. For select small caps, that time is now.

Elections Don't Matter!(The Honest Truth)

Mar 13, 2019

Ajit Dayal shows us why from the point of view of the Indian economy, elections don't matter.

Two Growth Stocks that Doubled in a Little Over 12 Months!(The 5 Minute Wrapup)

Mar 13, 2019

The elements that fueled profit growth for these two companies led to a surge in their stock prices.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

MASTEK SHARE PRICE


Mar 25, 2019 02:57 PM

TRACK MASTEK

COMPARE MASTEK WITH

MARKET STATS