ICICI Direct: Mastek Post Robust Q2 Performance On Revenue, Margin Front
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ICICI Direct: Mastek Post Robust Q2 Performance On Revenue, Margin Front

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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.’s revenues increased 5.3% QoQ (in constant currency terms) and by 8.5% QoQ (in reported terms) to 55.1 million U.S. dollar.

The increase in revenues was led by Evosys acquisition (up 8.8% QoQ) and 8.3% QoQ growth in organic revenues.

Ebit margin expansion of 359 basis points QoQ to 18.3% was mainly led by 140 basis points expansion in gross margins and rationalisation of selling general and administrative expenses.

Mastek’s 12-month order book improved 25.9% QoQ to 127.5 million U.S. dollar.

Click on the attachment to read the full report:

ICICI Direct Mastek Company Update.pdf

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