Mastek Ltd (MASTEK)

Mastek Q4 2024 Net Sales Up by 14.95% YoY - 29 Apr, 2024

Mastek Ltd's standalone net sales for March 2024 increased by 14.95% YoY to Rs. 102.17 crore, while quarterly net profit decreased by 28.42% YoY to Rs. 37.30 crore. The company's EPS also decreased from Rs. 17.15 in March 2023 to Rs. 12.13 in March 2024. Mastek shares closed at Rs. 2,777.15 on April 26, 2024 (NSE), with returns of 29.22% over the last six months and 63.16% over the last twelve months.

Mastek FY2024 Earnings Beat Expectations - 28 Apr, 2024

Mastek Ltd reported a 20% YoY increase in revenue to ₹30.7b and a net income of ₹3.00b, up 2.5% from FY2023. EPS increased to ₹98.01. Profit margin decreased to 9.8% due to higher expenses. The company's shares are up 2.9% from a week ago. Revenue is forecasted to grow at an average rate of 14% p.a., compared to the IT industry's 7.6% growth forecast.

Mastek Q4 Net Profit Rises 22% to Rs.92 Crore - 27 Apr, 2024

Digital engineering and cloud transformation company, Mastek, reported a 22% increase in net profit for the March quarter at Rs.92 crore. However, revenue was down 0.5% at Rs.780 crore, with EBITDA falling by 5.9% to Rs.125.5 crore. The stock gained 1.17% to close at Rs.2,768 apiece.

Mastek Achieves 519% TSR in Last 5 Years - 25 Apr, 2024

Mastek Ltd has achieved a total shareholder return (TSR) of 519% over the last five years, exceeding its share price growth of 42% per year. The company's compound earnings per share (EPS) growth of 18% per year is slower than its share price growth, indicating that the market has a higher opinion of the business than it did five years ago.

Mastek Wins Multi-Tower Deal, Shares Gain Up To 6% - 23 Apr, 2024

Mastek secures a major contract from Yanbu Cement Company to optimize its production line, leveraging Oracles Fusion Cloud technology. The company's consolidated net profit jumped 19.07% to Rs 77.74 crore in Q3 FY24 over Q2 FY24. Mastek seeks to improve its position as a digital transformation leader in the Middle East.

Mastek Named Supplier on UK MOD's DIPS Framework - 18 Apr, 2024

Shares of Mastek Ltd surged up to 20% after being named as a supplier on the UK Ministry of Defence's £1.2 billion digital and IT professional services framework. The company will also be a subcontractor for Qinetiq Limited on various lots. Mastek has been a supplier to the UK Ministry of Defence since 2017. The stock has given a one-month return of 6.84% and a one-year return of 75.42%.

Mastek Ltd Insiders Increase Stock Ownership - 05 Apr, 2024

Insiders at Mastek Ltd have increased their stock ownership, with more than half of the company's shares owned by insiders. This suggests strong alignment with shareholders and inherent interests in the company's expansion.