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Mastek shares rally 13% after Q1 net profit surges 29% YoY
Mastek's shares surged by 13.08% following a robust Q1FY26 financial report, showcasing a 28.7% increase in net profit. Trading above all key Simple Moving Averages, the company's strengths, including attractive valuation and consistent profit growth, outweigh its weaknesses. With low debt and zero promoter pledge, Mastek's financial stability boosts investor confidence. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Mastek rose by 13.08% on Monday to hit an intraday high of Rs 2,755 apiece on the BSE following the company's financial results for the first quarter of week, Mastek reported a 28.7% year-on-year increase in net profit for Q1FY26, rising to Rs 92 crore from Rs 71.5 crore in the same quarter the previous operating Ebitda margin was 15%, down slightly by 31 basis points, reflecting continued investments in talent and capabilities. Despite this, operating Ebitda grew 10.8% strong financials and consistent execution have boosted market confidence, leading to the sharp uptick in its stock is currently trading above all 8 Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA, indicating a strong upward trend across multiple to Trendlyne's SWOT analysis, the stock's strengths significantly outweigh its weaknesses. Key positive factors include a trailing twelve-month (TTM) price-to-earnings (PE) ratio that is lower than its 3-year, 5-year, and 10-year averages, signalling potentially attractive valuation. The company has also shown consistent growth in net profit with improving profit margins Mastek maintains low debt levels, has recorded rising annual net profits over the past two years, and has seen its book value per share increase during the same period. Importantly, the company has zero promoter pledge, which is viewed positively by investors as it indicates confidence and financial stability.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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News18
5 hours ago
- News18
GST Heat Returns: Gaming Companies Face Tax Notices Over Cashbacks, Bonuses
Last Updated: GST On Gaming: The new set of notices, focused on promotional incentives, adds another layer of complexity for gaming firms The real money gaming industry, already under intense scrutiny, is now facing renewed pressure from the Goods and Services Tax (GST) authorities. According to a report by The Economic Times, at least four gaming firms have been handed notices by the indirect tax department over alleged non-payment of GST on cashbacks and bonuses offered to players. This latest move comes even as the industry is locked in a high-stakes legal battle over retrospective GST demands covering the period from 2017 to late 2023. The new set of notices, focused on promotional incentives, adds another layer of complexity for gaming firms and could spark a fresh legal confrontation, ET noted. Bonuses and cashbacks are widely used in the sector to attract and retain users. These incentives—often funded directly by the companies—typically match the GST amount paid by users on bets and are credited as non-withdrawable game credits. However, GST authorities are now viewing such incentives as part of the 'consideration" paid for gaming services. Citing communications reviewed by the publication, ET reported that the department's interpretation suggests that any bonus or cashback added to a user's wallet, even if not paid out of the user's pocket, qualifies as an 'amount paid on behalf of the player" and should therefore be taxed. Since these credits are usable for gameplay, they are now being counted towards the taxable value. One senior executive at a gaming platform told The Economic Times via a closed industry forum that their company had received a GST summons. 'This has serious implications. Our business operations have been severely impacted, and we are being pressured to make voluntary payments to avoid further action. We believe the interpretation is flawed and detrimental to the sector. We are preparing to challenge this in the Supreme Court next week," the person said. The tax department is reportedly invoking Rule 31B of the Central GST Rules to justify the 28% tax levy on the total value of such promotional credits disbursed since October 2023, when the rule came into force. However, legal experts quoted by ET argue that the department's position is weak. 'The department's stand prima facie appears frivolous and untenable, as discount can never be part of the consideration for GST," one expert said. Facing mounting pressure, several gaming firms are now exploring the possibility of a coordinated legal response, with plans to approach the Supreme Court to contest the interpretation. Industry players worry that this latest development could lead to similar tax actions across the broader online gaming ecosystem. view comments First Published: July 21, 2025, 07:35 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
