BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Mastek Ltd offers. data, apps, cloud services to public & private enterprise in the U.K., U.S., Middle East, Asia Pacific and India.
The company’s recent acquisition of Evosys has enabled Mastek to provide end-to-end solutions and improves margins from ~14% to 21%.
Net debt free and healthy double digit return ratio (with RoCE of 20%) Q2FY22 Results: Mastek reported muted Q2FY22 results.
Dollar revenues increased 2.6% quarter-on-quarter to U.S. $72.0 million U.K. business declined 1.2% quarter-on-quarter while U.S. grew 22.3% quarter-on-quarter.
Deal wins declined 1.8% quarter-on-quarter to U.S. $155.5 million.
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