Mastek Ltd.

Mastek has reported results for the fourth quarter and year ended March 31, 2017.

The company has reported a net profit at Rs 5.83 crore for the quarter ended March 31, 2017 as compared to net loss of Rs 2.30 crore for the same quarter in the previous year. However, total income of the company has decreased by 56.89% at Rs 37.02 crore for quarter under review as compared to Rs 85.87 crore for the quarter ended March 31, 2016.

On consolidated basis, the company has posted over two fold rise in its net profit after tax, minority interest and share of profit of associates at Rs 14.45 crore for the quarter ended March 31, 2017 as compared to Rs 5.86 crore for the same quarter in the previous year. Total income of the company has increased by 42.80% at Rs 182.19 crore for quarter under review as compared to Rs 127.58 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the company has posted a rise of 88.93% in its net profit at Rs 25.26 crore as compared to Rs 13.37 crore in FY16. However, total income of company decreased 53.68% at Rs 183.04 crore for year under review as compared to Rs 395.14 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted around three fold rise in its net profit after tax, minority interest and share of profit of associates at Rs 36.91 crore as compared to Rs 13.74 crore for the same period in the previous year. Total income of company increased 5.12% at Rs 572.18 crore for year under review as compared to Rs 544.32 crore for the period ended March 31, 2016.