Mastek Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 14, 2016 at 09:53 am
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Mastek Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter on standalone basis, income from operation was INR 983.0 million against INR 1,715.5 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 24.7 million against INR 50.7 million a year ago. Profit from ordinary activities before tax was INR 46.3 million against INR 147.5 million a year ago. Net profit was INR 29.6 million or INR 1.20 per diluted share against INR 130.6 million or INR 5.58 per diluted share a year ago.
For the nine months o standalone basis, income from operation was INR 2,976.0 million against INR 4,913.1 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 147.3 million against INR 305.3 million a year ago. Profit from ordinary activities before tax was INR 236.7 million against INR 588.4 million a year ago. Net profit was INR 156.7 million or INR 6.35 per diluted share against INR 535.4 million or INR 23.02 per diluted share a year ago.
For the quarter on consolidated basis, total income from operation was INR 1,377.9 million against INR 2,686.6 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 31.6 million against profit from operation before other income, finance cost and exceptional item INR 115.7 million a year ago. Profit from ordinary activities before tax was INR 1.2 million against INR 118.8 million a year ago. Net profit was INR 7.9 million or INR 0.32 per diluted share against INR 87.0 million or INR 3.72 per diluted share a year ago. EBITDA was INR 36 million.
For the nine months on consolidated basis, total income from operation was INR 4,026.9 million against INR 7,364.7 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 41.9 million against INR 131.0 million a year ago. Profit from ordinary activities before tax was INR 159.6 million against INR 193.7 million a year ago. Net profit was INR 78.8 million or INR 3.20 per diluted share against INR 112.9 million or INR 4.85 per diluted share a year ago. EBITDA was INR 291 million against INR 462 million a year ago.
Mastek Limited is an enterprise digital and cloud transformation specialist. The Company is a provider of vertically focused enterprise technology solutions. It operates through four segments: United Kingdom & Europe operations, North America operations, Middle East operations, and Others. The portfolio of its offerings includes business and technology services, which consist of application development, application maintenance, business intelligence and data warehousing, and legacy modernization. Its services include digital application and cloud Engineering, oracle cloud and enterprise applications, digital commerce and experience, data, automation and artificial intelligence, and cloud enhancement services. It caters to various industries, including public sector and government, healthcare and life sciences, retail and consumer, manufacturing, and industrial, and financial services. It carries out its operations in India and has its software development centers in India.
MASTEK LIMITED 
