Software solution company Mastek today reported a decline of 31.70 per cent in its net profit to Rs 17.86 crore for the quarter ended September 30, 2009, over the same period last year.
The company's total income dipped to Rs 114.99 crore in the quarter ended September, against Rs 158.98 crore in the same period last fiscal, Mastek said in a filing to the Bombay Stock Exchange.
Meanwhile, Mastek Group reported a decline of 35.82 per cent in its net profit to Rs 26.41 crore for the quarter ended September 30, the filing added.
The Group turnover, including the company and its wholly owned subsidiary, declined to Rs 191.44 crore for the quarter ended September 30, 2009, as against Rs 261.65 crore for the same quarter previous fiscal, it said.
Shares of Mastek were trading at Rs 277.90 on the BSE, down 6.19 per cent from previous close.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app