Mastek Q1 net at Rs25 crore

Mastek Q1 net at Rs25 crore
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First Published: Fri, Oct 12 2007. 01 02 PM IST
Updated: Fri, Oct 12 2007. 01 02 PM IST
By PTI
Mumbai: Software solution firm Mastek posted consolidated net profit after tax (PAT) at Rs25.12 crore for the quarter ended 30 September against Rs21.19 crore for the corresponding quarter last year.
The total income of the group was Rs211.49 crore for the quarter ended 30 September, while the same was at Rs198.92 crore for the same quarter a year ago.
The figures for the quarter ended 30 September are not comparable with the corresponding previous year’s figures since with effect from 9 March, the company has sold its stake in the JV with Deloitte, Mastek said in a filing to the BSE.
On a standalone basis the company has recorded a net profit of Rs16.95 crore for the first quarter ended 30 September, whilst the it was at Rs17.94 crore for the same quarter a year ago. Its total income was Rs145.61 crore for the September quarter where as the same was at Rs124.13 crore for the corresponding period a year ago.
“We are pleased to note that our new financial year has commenced on a strong note. With an expanded opportunity pipeline resulting from the recent US acquisition in the insurance vertical, and continued focus on the IP-led enterprise applications market, we are confident that 35% growth in dollar terms in FY2008 is achievable,” Mastek chairman and managing director Sudhakar Ram said.
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First Published: Fri, Oct 12 2007. 01 02 PM IST