{"id":155208,"date":"2023-10-24T07:24:23","date_gmt":"2023-10-24T11:24:23","guid":{"rendered":"https:\/\/44.250.171.167\/?p=155208"},"modified":"2023-10-24T07:24:24","modified_gmt":"2023-10-24T11:24:24","slug":"mastek-ltd-q2fy24-24-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mastek-ltd-q2fy24-24-fall-in-profits\/","title":{"rendered":"Mastek Ltd Q2FY24; 24% fall in Profits"},"content":{"rendered":"<p>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.<\/p>\n<p>Financial Results:<\/p>\n<ul>\n<li>Mastek Ltd reported Revenues for Q2FY24 of \u20b9766.00 Crores up from \u20b9625.00 Crore year on year, a rise of 22.56%.<\/li>\n<li>Total Expenses for Q2FY24 of \u20b9676.00 Crores up from \u20b9540.00 Crores year on year, a rise of 25.19%.<\/li>\n<li>Consolidated Net Profit of \u20b965.00 Crores down 24.42% from \u20b986.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b920.50, down 22.05% from \u20b926.30 in the same quarter of the previous year.<\/li>\n<\/ul>\n<p>*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.<br \/>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-91-839x1024.png\" alt=\"\" class=\"wp-image-155209\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-91-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-91-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-91-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-91-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-91.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/app.asai.alphastreet.io\/test-drive\/dashboard?utm_source=IN_WordPress&amp;utm_medium=IN_WordPress&amp;utm_campaign=IN_WordPress&amp;utm_id=IN_WordPress\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/ASAI-Product-2.gif\" alt=\"\" class=\"wp-image-154924\" width=\"435\" height=\"161\"\/><\/a><\/figure><\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u20b9766.00 Crores up from \u20b9625.00 Crore year on year, a rise [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[8986],"class_list":["post-155208","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-information-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":166950,"url":"https:\/\/alphastreet.com\/india\/mastek-ltd-q3fy25-22-rise-in-profits\/","url_meta":{"origin":155208,"position":0},"title":"Mastek Ltd Q3FY25; 22% rise in Profits","author":"Chirag Gupta","date":"February 18, 2025","format":false,"excerpt":"Established in 1982, Mastek is a provider of vertically-focused enterprise technology solutions. 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Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner. 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The company provides solutions across various domains including insurance, government, manufacturing, and retail. It has a diversified service portfolio, which includes enterprise solutions, digital solutions, and managed\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/e28d255d-0882-43d1-8aa3-ef00d97fa1b9.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/e28d255d-0882-43d1-8aa3-ef00d97fa1b9.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/e28d255d-0882-43d1-8aa3-ef00d97fa1b9.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/e28d255d-0882-43d1-8aa3-ef00d97fa1b9.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/e28d255d-0882-43d1-8aa3-ef00d97fa1b9.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/e28d255d-0882-43d1-8aa3-ef00d97fa1b9.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1917"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=155208"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/155208\/revisions"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=155208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=155208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=155208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}