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 (2QFY20); Net Profit Down 1.8% (Quarterly Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

For the quarter ended September 2019, MASTEK has posted a net profit of Rs 246 m (down 1.8% YoY). Sales on the other hand came in at Rs 2 bn (down 5.2% YoY). Read on for a complete analysis of MASTEK's quarterly results.

MASTEK Announces Quarterly Results (1QFY20); Net Profit Up 7.8% (Quarterly Result Update)

Jul 23, 2019 | Updated on Jul 23, 2019

For the quarter ended June 2019, MASTEK has posted a net profit of Rs 242 m (up 7.8% YoY). Sales on the other hand came in at Rs 2 bn (up 1.4% 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.

Newgen Software Technologies Ltd. (IPO)

Jan 15, 2018

Should you subscribe to the IPO of Newgen Software Ltd?

More Views on News

Most Popular

The Smartest Stock to Buy for 2020(Profit Hunter)

Nov 14, 2019

Small-cap stocks are selling at bargain prices today and are poised to generate a lot of wealth in 2020 and beyond...

A Trade that Could Generate Profits for Decades

Nov 14, 2019

India's #1 trader is back on the Investor Hour. Vijay Bhambwani talks to us about his super-profitable trading system and shares with us his #1 long term trade. Listen in...

Why Moody's Rating Downgrade is a Strong Sign to Buy Stocks(The 5 Minute Wrapup)

Nov 8, 2019

Investors who took cues from Moody's rating downgrade in 1992 and 2002 created some of the biggest wealth of their lifetime.

The One Trade I'm Most Bullish on Now

Nov 12, 2019

A highly specific trade to potentially triple your money in just three months. You won't find this information anywhere else!

How the Modi Government is Helping My Top 7 Stocks(The 5 Minute Wrapup)

Nov 14, 2019

Recent reforms by the Modi government can give a big boost on your stocks, provided you buy the right ones.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
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


Nov 21, 2019 (Close)

TRACK MASTEK

MASTEK - EVERONN EDUCATION COMPARISON

COMPARE MASTEK WITH

MARKET STATS