Mastek said a substantial drop in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 88.01% to Rs 8.50 million from Rs 70.90 million in the same quarter last year.
Net sales for the quarter declined marginally 0.62% to Rs 2,209.00 million, compared with Rs 2,222.80 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.37, registering 87.11% decline over previous year period.
| Quarterly Results - (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 2,209.00 | 2,222.80 | (0.62) |
| Net Profit | 8.50 | 70.90 | (88.01) |
| Basic EPS | 0.37 | 2.87 | (87.11) |
Shares of the company declined Rs 8.1, or 4.02%, to trade at Rs 193.35. The total volume of shares traded was 89,129 at the BSE (1.45 p.m., Thursday).
