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Mastek Ltd Q1FY24; 12% fall in Profits

Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner.

Financial Results:

Mastek Ltd reported Revenues for Q1FY24 of ₹725.00 Crores up from ₹570.00 Crore year on year, a rise of 27.19%.

Total Expenses for Q1FY24 of ₹627.00 Crores up from ₹474.00 Crores year on year, a rise of 32.28%.

Consolidated Net Profit of ₹74.00 Crores down 11.9% from ₹84.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹22.96, down 10.59% from ₹25.68 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: IT
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