MASTEK Announces Quarterly Results (2QFY20); Net Profit Down 1.8%

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?  

We are currently facing an issue in receiving the BSE and NSE feed. Hence the stock prices are not updated. We are working on fixing this at the earliest. We regret the inconvenience caused.

MASTEK Announces Quarterly Results (2QFY20); Net Profit Down 1.8%
Fri, 18 Oct

MASTEK has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

MASTEK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m2,5712,4752,436-1.6%-5.2%
Other incomeRs m87519177.8%4.8%
TurnoverRs m2,6582,5272,5270.0%-4.9%
ExpensesRs m2,2582,1472,1500.1%-4.8%
Gross profitRs m313329287-12.9%-8.5%
DepreciationRs m485756-1.7%17.5%
InterestRs m24894.9%-64.5%
Profit before taxRs m328315313-0.6%-4.7%
TaxRs m777266-8.3%-13.9%
Profit after taxRs m2512422461.7%-1.8%
Gross profit margin%12.213.311.8
Effective tax rate%23.523.021.2
Net profit margin%9.49.69.7
* 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 fell 5.2% on a year-on-year (YoY) basis. The expenses were down by 4.8% YoY during the same period.
  • The company's operating profit declined by 8.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.8% in 2QFY20.
  • Depreciation charges increased by 17.5% and finance costs declined by 64.5% YoY, respectively.
  • Other income increased by 4.8% YoY during the quarter.
  • Net profit for the quarter declined by 1.8% YoY. Net profit margins during the quarter increased from 9.4% in 2QFY19 to 9.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.1% QoQ during the same period.
  • The company's operating profit declined by 12.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.8% in 2QFY20 as against 13.3% in 1QFY19.
  • Net profit for the quarter increased by 1.7% QoQ, while net profit margins increased from 9.6% in 1QFY19 to 9.7% in 2QFY20.

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

Listen In: Our Investor Hour Podcast Connects You with the World's Most Successful Investors

MASTEK Share Price Performance

Over the last one year,MASTEK share price has moved down from Rs 463.4 to Rs 335.8, registering a Loss of Rs 127.6 or around 27.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 15,372.0 (up 0.1%). Over the last one year it has moved up from 14,677.6 to 15,372.0, a gain of 694 points (up 4.7%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 335.8, the price to earnings (P/E) ratio of MASTEK stands at 8.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

Equitymaster requests your view! Post a comment on "MASTEK Announces Quarterly Results (2QFY20); Net Profit Down 1.8%". Click here!

  

Related Views on News

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 Announces Quarterly Results (4QFY19); Net Profit Up 41.3% (Quarterly Result Update)

Apr 18, 2019 | Updated on Apr 18, 2019

For the quarter ended March 2019, MASTEK has posted a net profit of Rs 274 m (up 41.3% YoY). Sales on the other hand came in at Rs 3 bn (up 19.4% 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

Is Hawkins Set to Become Our Next Superhero Stock?(The 5 Minute Wrapup)

Nov 1, 2019

After PI Industries, Hawkins has put up a stellar show so far.

Crash Alert! Is There a Big Bubble in Nestle, HUL and Asian Paints?(Profit Hunter)

Nov 7, 2019

Is this the beginning of the end of multibagger gains in quality stocks like Nestle, HUL, and Asian Paints?

These 10 Days Are Crucial for Getting Rich in the Smallcap Rebound(Profit Hunter)

Nov 5, 2019

How to avoid the most common investing mistake and make the most of the smallcap rebound.

The Top Stocks for 2020 Pass This Most Critical Metric(The 5 Minute Wrapup)

Nov 5, 2019

Charlie Munger's favorite fictional character, Mr Glotz, picks stocks using this metric.

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.

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 13, 2019 03:37 PM

TRACK MASTEK

COMPARE MASTEK WITH

MARKET STATS