Latest news with #Mastek
New Indian Express
a day ago
- Business
- New Indian Express
Shares of Mastek surges over 9% on strong Q1 earnings, net profit up nearly 29%
CHENNAI: The shares of information technology firm Mastek surged over 9% in intraday trading on NSE on the back of strong quarterly results for the first quarter of the financial year 2025-2026. The IT company's profit for Apr-Jun surged by 28.7% on year to Rs. 92.1 crore. The company which is a global provider of enterprise AI, digital, and cloud services, announced its financial results for Apr-Jun on Friday. The company's net revenue from operations for the reporting quarter rose 12.5% on year to Rs. 914.7 driven by growth in healthcare and secured government services and strong performance in the UK and Europe, Umang Nahata, Chief Executive Officer, Mastek, said in a press release on Friday. Mastek's operational profit grew by 10.8 percent year-on-year to Rs 137.3 crore. Operating margin stood at 15%, declined marginally by 31 basis points due to investments in talent and capabilities, the company said. At 1.02 pm, shares of the company was 9.0% up at Rs. 2,718.80. The company, which has a presence in over 40 countries, added 12 new clients in the first quarter. The firm serves public sector clients in the areas of healthcare, retail, manufacturing, higher Education, and financial services. In FY24-25, the company's net profit grew 20.9% YoY to Rs. 375.9 crore while its revenue from operations increased by 13.1% to Rs. 3,455.2 crore. The operational profit was up by 7.4% to Rs. 546.5.
Economic Times
a day ago
- Business
- Economic Times
Mastek shares rally 13% after Q1 net profit surges 29% YoY
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel 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)
Time of India
a day ago
- Business
- Time of India
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)
Business Standard
a day ago
- Business
- Business Standard
Mastek spurts after Q1 PAT jumps 13% QoQ to Rs 92 cr
Mastek surged 9.08% to Rs 2,718 after the company's consolidated net profit jumped 13.54% to Rs 92.05 crore on 1.02% increase in revenue from operations to Rs 914.70 crore in Q1 FY26 over Q4 FY25. On a year on year basis, the companys revenue and net profit jumped 12.5% and 28.7%, respectively in Q1 FY26. During the quarter, profit before tax (PBT) stood at Rs 120.70 crore, up 13.95% QoQ and 22.4% YoY. Operating EBITDA stood at Rs 137.3 crore in the June quarter, registering a decline of 1% QoQ and a growth of 10.8% YoY. The operating EBITDA margin narrowed to 15% in Q1 FY26, compared to 15.3% in Q4 FY25 and 15.2% in Q1 FY25. In terms of dollars, the firm's revenue was $107.4 million in Q1 FY26, up 2.6% QoQ and 10.4% YoY. In constant currency terms, revenue was down by 1.1% QoQ and 6.8% YoY. 12 months order backlog was Rs 2,347.9 crore ($273.8 million) as on 30th June, 2025 as compared to Rs 2,168.8 crore ($260.1 million) in Q1FY25, reflecting growth of 8.3% in rupee terms on Y-o-Y basis and Rs 2,290.9 crore ($264.5 million) in Q4FY25, reflecting growth of 2.5% in rupee terms on Q-o-Q basis. The company added 12 new clients in Q1 FY26. Total active clients during Q1 FY26 were 323 as compared to 348 in Q4 FY25. As on 30th June, 2025, the company had a total of 4,824 employees, of which 3,262 employees were based offshore in India while the rest were at various onsite locations. The total cash, cash equivalents and fair value of Mutual Funds stood at Rs 549.0 crore as on 30th June, 2025 as compared to Rs 622.2 crore as on 31st March, 2025. Umang Nahata, chief executive officer (CEO), Mastek, said, We are pleased to report another steady quarter, with revenue growth of 12.5% Y-o-Y in rupee terms. Growth was led by strong performance in the UK and Europe, driven by momentum in healthcare and secured government services. The US business witnessed headwinds in some accounts, however pipeline and order backlog remain strong. Our 12-month order backlog grew 8.3% Y-o-Y in rupee terms, supported by strong demand across Digital Engineering and Data, Automation & AI. Oracle-led engagements in healthcare and commercial sectors continuing to scale. Our AI proposition is building tremendous traction with customers with over 10 deals finalised this quarter across generative and agentic AI solutions delivering significant productivity gains. We also signed a strategic partnership with Open Ana which significantly elevates our AI capabilities. While the external environment remains dynamic, our execution focus, combined with deep client relationships, positions us well to deliver sustainable and profitable growth in the coming quarters. Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. It partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as the public sector, healthcare, retail, manufacturing, higher education, and financial services.
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Business Standard
2 days ago
- Business
- Business Standard
Mastek shares soar 9% as Q1 profit jumps 29%; Earnings breakdown here
Shares of Mastek surged over 9 per cent on Monday after the company reported a 29 per cent jump in its net profit for the first quarter of the current financial year (Q1FY26). The software and consulting firm's stock rose as much as 9.28 per cent during the day to ₹2,725 per share, the highest level since February 10 this year. The stock pared gains to trade 8 per cent higher at ₹2,701 apiece, compared to a 0.30 per cent advance in Nifty 50 as of 10:08 AM. Shares of the company snapped a two-day losing streak and have recovered over 38 per cent from their April lows. The counter has fallen 9 per cent this year, compared to a 6 per cent advance in the benchmark Nifty 50. Mastek has a total market capitalisation of ₹8,429.61 crore. Track LIVE Stock Market Updates Here Mastek Q1 results Mastek reported a 28.74 per cent year-on-year (Y-o-Y) increase in net profit to ₹92.05 crore for the quarter ended June 2025, compared to ₹71.50 crore in the corresponding quarter of the previous year. Revenue from operations rose 12.52 per cent to ₹914.70 crore from ₹812.89 crore a year ago. The company also reported a 10.8 per cent increase in Ebitda at ₹137.3 crore, compared to ₹123.8 crore in the same quarter last year. The growth in Q1 was led by strong performance in the UK and Europe, driven by momentum in healthcare and secured government services, according to Umang Nahata, chief executive officer at Mastek. "The US business witnessed headwinds in some accounts; however, pipeline and order backlog remain strong." The 12-month order backlog was ₹2,347.9 crore as on 30th June, 2025, as compared to ₹2,168.8 crore in Q1FY25, it said in an investor presentation. The company added 12 new clients in Q1FY26, with total active clients during Q1FY26 recorded at 323 as compared to 348 in Q4FY25. About Mastek Mastek is a global provider of enterprise AI, digital, and cloud services that help clients generate measurable and sustainable returns on their technology investments. With a presence in over 40 countries and a workforce of more than 5,000 professionals, Mastek serves over 400 active customers across key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. The company partners with leading technology platforms, including Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks to deliver innovative solutions tailored to evolving business needs.
