Mastek Limited has reported strong financial results for the second quarter ending September 30, 2024. The company’s revenue from operations increased by 13.33% year-on-year (YoY) to ₹86.74 crore, compared to ₹76.55 crore in the same period last year. This growth was driven by consistent demand across key segments and enhanced operational performance.
The company’s net profit surged by a remarkable 104.74% YoY, reaching ₹128.65 crore, up from ₹62.82 crore in the same quarter last year. This substantial increase in profitability is attributed to improved operational efficiency and controlled expenses, coupled with gains from exceptional items.
Key Highlights:
- Total Income: ₹87.24 crore in Q2 FY25, up from ₹77.04 crore in Q2 FY24.
- Total Expenses: The company’s total expenses stood at ₹75.53 crore, up from ₹67.60 crore last year.
- Exceptional Items Gain: Mastek recorded a gain of ₹11.76 crore from exceptional items, which contributed to the net profit growth.
- Income Tax Expense: The company’s total tax expense for the quarter was ₹27 lakh, compared to ₹24.97 crore in the corresponding quarter last year.
- Total Comprehensive Income: ₹155.1 crore in Q2 FY25, compared to ₹67.56 crore in Q2 FY24.
Mastek’s growth trajectory was marked by consistent performance in its core operations and effective management of costs, enabling the company to deliver a stellar financial outcome for the quarter.
Future Outlook:
With a strong performance in the second quarter, Mastek is poised to continue its growth momentum, driven by strategic initiatives and a focus on innovation in key market segments. The company’s ability to adapt to market conditions while maintaining robust operational efficiency positions it well for future growth.
