Mastek Limited has announced an interim dividend of Rs. 7.00 per equity share (140%) for the financial year 2024-25. The record date to ascertain shareholder eligibility for the dividend is set for Friday, January 24, 2025. The payment will be made within 30 days to the shareholders whose names appear in the company’s register or depositories as of the record date.
Additionally, Mr. Umang Nahata has been appointed as the Whole-Time Director and CEO of the Mastek Group for a term of three years, effective January 16, 2025. His initial tenure, starting August 10, 2024, did not include managerial remuneration as per the terms of his appointment. This decision underscores Mastek’s focus on leadership stability and shareholder value creation.
Key Highlights of Q3 FY25 Results:
Revenue from Operations: The company reported revenue from operations of ₹869.53 crore for Q3 FY25, up by 0.25% QoQ from ₹867.39 crore in Q2 FY25 and reflecting a 10.79% YoY growth compared to ₹784.27 crore in Q3 FY24.
- Q3 FY25: ₹869.53 crore
- Q2 FY25: ₹867.39 crore
- Q3 FY24: ₹784.27 crore
- QoQ Change: +0.25%
- YoY Change: +10.79%
Total Income: Total income for the quarter stood at ₹879 crore, indicating a 0.75% QoQ increase from ₹872.43 crore and a 11.58% YoY growth from ₹787.64 crore.
- Q3 FY25: ₹879 crore
- Q2 FY25: ₹872.43 crore
- Q3 FY24: ₹787.64 crore
- QoQ Change: +0.75%
- YoY Change: +11.58%
Net Profit: Mastek’s net profit for the quarter was ₹94.71 crore, reflecting a -3.20% QoQ decline from ₹97.86 crore but a significant 21.92% YoY growth compared to ₹77.74 crore in Q3 FY24.
- Q3 FY25: ₹94.71 crore
- Q2 FY25: ₹97.86 crore
- Q3 FY24: ₹77.74 crore
- QoQ Change: -3.20%
- YoY Change: +21.92%
Expenses: Total expenses for Q3 FY25 were ₹757.29 crore, rising 0.27% QoQ from ₹755.27 crore but increasing 10.42% YoY compared to ₹685.90 crore.
- Q3 FY25: ₹757.29 crore
- Q2 FY25: ₹755.27 crore
- Q3 FY24: ₹685.90 crore
- QoQ Change: +0.27%
- YoY Change: +10.42%