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Mastek Ltd Q2FY24; 24% 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 Q2FY24 of ₹766.00 Crores up from ₹625.00 Crore year on year, a rise of 22.56%.
  • Total Expenses for Q2FY24 of ₹676.00 Crores up from ₹540.00 Crores year on year, a rise of 25.19%.
  • Consolidated Net Profit of ₹65.00 Crores down 24.42% from ₹86.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹20.50, down 22.05% from ₹26.30 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.

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