Mastek disclosed a sharp rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 52.87% to Rs 26.60 million from Rs 17.40 million in the same quarter last year. However, the company's net profit declined 40% sequentially from Rs 44.30 million for the quarter ended June 2015.
Revenues for the quarter declined 46.72% to Rs 1,315.60 million, compared with Rs 2,469.10 million for the prior year period.
Operating margin for the quarter stood at 3.07 percent as compared to 6.64 percent for the previous year period. Operating Income for the quarter was Rs 40.40 million, compared with Rs 164 million in the previous year period.
Earnings per share for the quarter stood at Rs 1.07, registering 40.79% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Sep - 15 | Sep - 14 | %Change |
| Revenues | 1,315.60 | 2,469.10 | (46.72) |
| Net Profit | 26.60 | 17.40 | 52.87 |
| Diluted EPS | 1.07 | 0.76 | 40.79 |
Shares of the company declined Rs 20.8, or 11.85%, to trade at Rs 154.80. The total volume of shares traded was 478,018 at the BSE (2.16 p.m., Thursday).
