Mastek Q1FY24 Results: Consolidated PAT Rises to Rs. 70.09 Cr

Mastek Q1FY24 Results: Consolidated PAT Rises to Rs. 70.09 Cr

Mastek Q1 results show revenue up from 708.77 crores to 727.61 crores, a 2.66% increase in growth. EPS down from ₹23.48 to ₹22.67, down by -3.45%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Mastek shared its Q1 results on Wednesday. They earned 727.61 crores in revenue this quarter, but that’s more than the 708.77 crores they made last quarter. The company’s growth increased by 2.66 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 70.09 crores, down from 72.57 crores in the previous quarter. Their quarter-to-quarter growth decreased by -3.42 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹22.67, which is a decrease of -3.45% from the ₹23.48 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 727.61 crores this year (2023), which is 22.08 percent higher than last year’s total revenue of 596.01 crores.

This year’s PAT (Profit After Tax) is 70.09 crores, which is also -9.16% lower than last year’s PAT of 77.16 crores.

The EPS (Earnings Per Share) for this year is ₹22.67, which is -9.86% less than the EPS of ₹25.15 earned last year.

Also Read: Tata Coffee Q1FY24 Results: Consolidated PAT of Rs. 47.48 Cr

Mastek Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Mastek :

Mastek delivers comprehensive enterprise technology solutions. Their services encompass application development, application management outsourcing, system rationalization, legacy modernization and migration, systems integration, business frameworks, and data warehousing services.

Download the Full PDF of Mastek Q1 Results: Click Here

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