Mastek Q2 net rises 15% to Rs 31.3 cr

IT and offshore outsourcing services firm, Mastek has posted a 15.14 per cent rise in its net profit at Rs 31.33 crore for the quarter ended December 31, 2008, as compared to Rs 27.21 crore for the corresponding period a year ago. The company's total income for the period rose by 24.18 per cent at Rs 268.2 crore as against Rs 215.98 crore for the same period last year.

The company, which today declared an interim dividend of Rs 2.50 per equity share, said that it has re-appointed Sudhakar Ram as the chairman and managing director of the company for a further period of two years commencing from January 01, 2010 till December 31, 2011.

Radhakrishnan Sundar has been appointed as the executive director of Mastek for a period of three years till December 31, 2011.

For the half year ended December 31, 2008, the company's net profit surged 38.85 per cent to Rs 72.51 crore as against Rs 52.22 crore for the same period a year ago.