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?  

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.

Revealed: Top 3 Stocks for 2020 and Beyond

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 (3QFY20); Net Profit Down 1.9% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, MASTEK has posted a net profit of Rs 260 m (down 1.9% YoY). Sales on the other hand came in at Rs 2 bn (down 8.0% 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.

More Views on News

Most Popular

Why the Stock of HDFC Bank Deserves a Closer Look than Before...(Profit Hunter)

Jul 22, 2020

HDFC Bank's results point to a gaping hole in Indian financial sector. Possibly even a global contagion.

My Best Trading Ideas When Interest Rates Are So Low(Fast Profits Daily)

Jul 23, 2020

India's interest rates are lower than the inflation rate. Here are the best trades for this situation.

The Smallcap Stock that Made Me Change My Asset Allocation Rule(Profit Hunter)

Jul 21, 2020

I believe this smallcap niche leader could deliver a non-linear payoff.

Gold or Silver: Which One Should You Buy Now?(Fast Profits Daily)

Jul 24, 2020

Silver and gold are both vying for your attention. Which is the better trade today?

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

MASTEK SHARE PRICE


Aug 3, 2020 (Close)

TRACK MASTEK

COMPARE MASTEK WITH

MARKET STATS