Mastek has reported results for fourth quarter and year ended March 31, 2018.
Mastek has reported net loss of Rs 1.60 crore for the quarter ended March 31, 2018 as compared to net profit of Rs 4 crore for the same quarter in the previous year. However, total income of the company has increased by 17.52% at Rs 43.66 crore for quarter under review as compared to Rs 37.15 crore for the quarter ended March 31, 2017.
On consolidated basis, the company has reported a rise of 81.63% in its net profit at Rs 19.38 crore for the quarter ended March 31, 2018 as compared to Rs 10.67 crore for the corresponding quarter in the FY17. Total income of the company rose 25.74% at Rs 230.80 crore for quarter under review as compared to Rs 183.56 crore for the same quarter ended previous year.
For the year ended March 31, 2018, the company has reported a fall of 31.92% in its net profit at Rs 15.74 crore as compared to Rs 23.12 crore for the same period in the previous year. However, total income of company increased 1.78% at Rs 185.55 crore for year under review as compared to Rs 182.30 crore for the period ended March 31, 2017.
For the year ended March 31, 2018, on the consolidated basis, the company has reported over two-fold jump in its net profit at Rs 69.96 crore as compared to Rs 32.41 crore for the same period in the previous year. Total income of company has increased by 46.34% at Rs 838.20 crore for year under review as compared to Rs 572.76 crore for the period ended March 31, 2017.
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