Mastek Ltd.
109.00 (5.19%) Mastek reports 13% fall in Q1 consolidated net profit
Date: 19-07-2023Mastek has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported net profit at Rs 14.15 crore for the quarter under review as compared to net loss Rs 0.13 crore for the same quarter in the previous year. Total income of the company increased by 14.65% at Rs 84.73 crore for Q1FY24 as compared Rs 73.90 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 12.84% fall in its net profit at Rs 73.53 crore for the quarter ended June 30, 2023 as compared to Rs 84.36 crore for the same quarter in the previous year. However, total income of the company increased by 22.08% at Rs 727.61 crore for Q1FY24 as compared Rs 596.01 crore for the corresponding quarter previous year.