 "Sharp fall in Mastek shares")
Shares of Mastek slipped 10 per cent to Rs 412 on the BSE in intra-day deals on Tuesday after the company reported 12 per cent sequential declined in net profit at Rs 24 crore in its April-June quarter results for financial year 2019-20 (Q1FY20) on Monday.
Revenue from operation during the quarter under review dipped 7 per cent from Rs 247 crore to Rs 267 crore in March quarter.
The management said the reported quarter numbers were lower than expected, due to Brexit uncertainty. The company’s core UK market generates around 75 per cent of global revenue.
Revenue from operation during the quarter under review dipped 7 per cent from Rs 247 crore to Rs 267 crore in March quarter.
The management said the reported quarter numbers were lower than expected, due to Brexit uncertainty. The company’s core UK market generates around 75 per cent of global revenue.
