Mastek's Q4 net zooms 65% on improved productivity Growth in revenues from existing clients, increased fixed-bid contracts, efficiency and productivity improvements helped IT solutions and services firm Mastek post a net profit growth of 65 per cent for the fourth quarter ended June 30, 2008.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
		google_ad_client = 'businessstandard';
		//google_ad_client = 'ca-businessstandard_js';
		google_ad_width = 200;
		google_ad_height = 200;
		google_ad_format = "200x200_as";
		google_ad_type = "text";
		google_ad_channel = "";
		//google_color_border = "FFFFFF";
		google_color_border = "F7F7F7";
		//google_color_bg = "FFFFFF";
		google_color_bg = "ffffff";
		//google_color_link = "639ACE";
		google_color_link = "0253B7";
		google_color_text = "000000";
		google_color_url = "D63431";
		//google_skip = adsenseSkip;
		</script> 
		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The net profit for the quarter stood at Rs 39 crore from Rs 23.6 crore in the corresponding quarter last financial year. Its revenue, at Rs 249.8 crore, grew 33.5 per cent from Rs 187.1 crore. Acquisition of STG (now STGMastek) added about $4.5 million to the topline growth.
</p><p class='TableClas'>Sequentially, the net profit grew by 11 per cent from Rs 35 crore while revenues were up 4.5 per cent from Rs 238.9 crore. For the full year FY08 ended June 30, 2008, the company&#39;s net profit was up 17 per cent from Rs 106.9 crore at the end of FY07 to Rs 125.8 crore. Revenues rose by 13 per cent to touch Rs 916 crore from Rs 810 crore. </P></p><p class='TableClas'></p></table>


Mastek`s Q4 net zooms 65% on improved productivity

CORPORATE SCORECARD

More From This Section

United Spirits Q3 net up 70%

IL&FS Transportation Networks Q3 net up 18% to Rs 104 cr

Jain Irrigation Q3 net loss at Rs 31 cr

RCF posts 37% rise in Q3 net at Rs 74 cr

Explore News