Mastek declines on reporting marginal fall in Q1 consolidated net profit
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Mastek is currently trading at Rs. 2672.40, down by 133.50 points or 4.76% from its previous closing of Rs. 2805.90 on the BSE.
The scrip opened at Rs. 2811.10 and has touched a high and low of Rs. 2813.70 and Rs. 2672.40 respectively. So far 5358 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 3147.00 on 16-Feb-2024 and a 52 week low of Rs. 1964.00 on 04-Aug-2023.
Last one week high and low of the scrip stood at Rs. 2990.00 and Rs. 2671.05 respectively. The current market cap of the company is Rs. 8294.41 crore.
The promoters holding in the company stood at 36.25%, while Institutions and Non-Institutions held 21.15% and 42.60% respectively.
Mastek has reported results for first quarter ended June 30, 2024 (Q1FY25).
The company has reported 10.13% fall in its net profit at Rs 14.37 crore for the quarter ended June 30, 2024 as compared to Rs 15.99 crore for the same quarter in the previous year. However, total income of the company increased by 18.52% at Rs 117.51 crore for Q1FY25 as compared to Rs 99.15 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 2.76% fall in net profit at Rs 71.50 crore for Q1FY25 as compared to Rs 73.53 crore for the same quarter in the previous year. However, total income of the company increased by 12.30% at Rs 817.08 crore for Q1FY25 as compared to Rs 727.61 crore for the corresponding quarter previous year.
