MASTEK Announces Quarterly Results (3QFY20); Net Profit Down 1.9%

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MASTEK Announces Quarterly Results (3QFY20); Net Profit Down 1.9%
Thu, 30 Jan

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

MASTEK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m2,6502,4362,4370.0%-8.0%
Other incomeRs m6091964.7%58.6%
TurnoverRs m2,7102,5272,5320.2%-6.6%
ExpensesRs m2,3102,1502,101-2.3%-9.1%
Gross profitRs m3402872911.6%-14.4%
DepreciationRs m4356583.4%35.0%
InterestRs m1498-7.0%-40.7%
Profit before taxRs m3443133202.4%-6.8%
TaxRs m786660-9.3%-23.2%
Profit after taxRs m2652462605.6%-1.9%
Gross profit margin%12.811.811.9
Effective tax rate%22.821.218.8
Net profit margin%9.89.710.3
* 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 8.0% on a year-on-year (YoY) basis. The expenses were down by 9.1% YoY during the same period.
  • The company's operating profit declined by 14.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.9% in 3QFY20 as against 12.8% in 3QFY19.
  • Depreciation charges increased by 35.0% and finance costs declined by 40.7% YoY, respectively.
  • Other income increased by 58.6% YoY during the quarter.
  • Net profit for the quarter declined by 1.9% YoY. Net profit margins during the quarter increased from 9.8% in 3QFY19 to 10.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.3% QoQ during the same period.
  • The company's operating profit increased by 1.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.9% in 3QFY20 as against 11.8% in 2QFY19.
  • Net profit for the quarter increased by 5.6% QoQ, while net profit margins increased from 9.7% in 2QFY19 to 10.3% in 3QFY20.

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

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

MASTEK Share Price Performance

Over the last one year,MASTEK share price has moved up from Rs 412.7 to Rs 440.0, registering a Gain of Rs 27.4 or around 6.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 16,113.7 (down 0.7%). Over the last one year it has moved up from 14,945.9 to 16,113.7, a gain of 1,168 points (up 7.8%).

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 440.0, the price to earnings (P/E) ratio of MASTEK stands at 11.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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MASTEK Announces Quarterly Results (2QFY21); Net Profit Up 140.1% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, MASTEK has posted a net profit of Rs 592 m (up 140.1% YoY). Sales on the other hand came in at Rs 4 bn (up 68.2% YoY). Read on for a complete analysis of MASTEK's quarterly results.

MASTEK Announces Quarterly Results (1QFY21); Net Profit Up 92.3% (Quarterly Result Update)

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