Mastek jumps on reporting 71% rise in Q1 consolidated net profit
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Mastek is currently trading at Rs. 2513.60, up by 20.80 points or 0.83% from its previous closing of Rs. 2492.80 on the BSE.
The scrip opened at Rs. 2555.00 and has touched a high and low of Rs. 2600.00 and Rs. 2483.20 respectively. So far 37431 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2600.00 on 20-Jul-2021 and a 52 week low of Rs. 413.25 on 20-Jul-2020.
Last one week high and low of the scrip stood at Rs. 2600.00 and Rs. 2230.00 respectively. The current market cap of the company is Rs. 6390.12 crore.
The promoters holding in the company stood at 44.25%, while Institutions and Non-Institutions held 16.39% and 39.36% respectively.
Mastek has reported results for first quarter ended June 30, 2021.
The company has reported net profit of Rs 5.30 crore for the quarter under review as compared to net loss of Rs 1.90 crore for the same quarter in the previous year. Total income of the company increased by 37.33% at Rs 65.45 crore for Q1FY22 as compared Rs 47.66 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 71.41% rise in its net profit attributable to owners of Rs 69.30 crore for the quarter under review as against net profit of Rs 40.43 crore for the same quarter in the previous year. Total income of the company increased by 29.40% at Rs 521.17 crore for Q1FY22 as compared Rs 402.76 crore for the corresponding quarter previous year.
