Mastek Ltd.

Mastek has reported results for fourth quarter and year ended March 31, 2022.

The company has reported net profit at Rs 20.06 crore for the quarter under review as compared to net loss of Rs 69.65 crore for the same quarter in the previous year. Total income of the company increased by 58.15% at Rs 98.73 crore for Q4FY22 as compared Rs 62.43 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 16.54% in its net profit at Rs 88.23 crore for the quarter under review as compared to Rs 75.71 crore for the same quarter in the previous year. Total income of the company increased by 23.23% at Rs 599.46 crore for Q4FY22 as compared Rs 486.45 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported 4-fold jump in its net profit at Rs 77.11 crore as compared to Rs 18.87 crore for the previous year. Total income of the company increased by 48.75% at Rs 330.24 crore for year under review as compared to Rs 222.01 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 32.44% in its net profit at Rs 333.42 crore as compared to Rs 251.75 crore for the previous year. Total income of the company increased by 26.87% at Rs 2219.92 crore for year under review as compared to Rs 1749.77 crore for year ended March 31, 2021.