Mastek - Robust Revenue Growth; Healthy Order Book: ICICI Direct
A person uses a laptop computer (Photographer: Andrey Rudakov/Bloomberg)

Mastek - Robust Revenue Growth; Healthy Order Book: ICICI Direct


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 dollar revenues increased 7.5% QoQ (in constant currency terms) and by 9.7% QoQ (in reported terms) to $65.9 million.

The increase in revenues was led by Evosys acquisition and strong growth in UK government business.

Ebit margin declined 100 basis points QoQ to 19.8% mainly due to wage hike and investment in leadership and sales.

The company’s 12-month order book rose 19.3% QoQ to $154.6 million.

The company has declared a dividend of Rs 9/share.

Click on the attachment to read the full report:

ICICI Direct Mastek Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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