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Mastek hits 52-week high on strong Q3 results

The stock soared 11% to Rs 194, also its 52-week high on the BSE in intra-day trade.

Mastek hits 52-week high on strong Q3 results
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SI Reporter Mumbai
Shares of Mastek soared 11% to Rs 194, also its 52-week high on the BSE in intra-day trade, after the company reported a strong 46.8% quarter on quarter (Q-o-Q) growth in consolidated net profit at Rs 11.23 crore for the third quarter ended December 31, 2016 (Q3FY17), driven by improvement in operational efficiencies and tax expenses.

IT software Products Company had profit of Rs 7.65 crore in September quarter. It had profit of Rs 79 lakh in Q3FY16.

In rupee term, the operating income was flat at Rs 126 crore and an increase of 6.9% in constant currency