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Mastek surges 15% on strong Q4 results

In past one month, the stock rallied 52% against unchanged in S&P BSE Sensex

SI Reporter  |  Mumbai 

Shares of Mastek surged 15% to Rs 273 on BSE in early morning trading after the company reported a strong 29% quarter on quarter (QoQ) growth in net profit at Rs 14.5 crore in March quarter (Q4FY17). Total revenue of the company increased 42% QoQ to Rs 182 crore during the quarter under review against Rs 128 crore in Q3FY17. “On constant currency, the company recorded revenue growth of 42.3% (organic growth of 5.7%) on sequential basis,” Mastek said in a press release. Earnings before interest, tax, depreciation and amortization (EBITDA) margin stood at 12.4% ...

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First Published: Fri, April 21 2017. 10:17 IST
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