Mastek Q2 Results Live: Profit Rises by 104.79% YOY

Mastek Q2 Results Live: Revenue increased by 13.3% YoY & profit increased by 104.79% YoY

Livemint
Published19 Oct 2024, 11:17 AM IST
Mastek Q2 Results Live
Mastek Q2 Results Live

Mastek Q2 Results Live : Mastek announced its Q2 results on October 18, 2024, showcasing a robust performance with a 13.3% increase in revenue and an impressive 104.79% rise in profit year-over-year. The company's growth trajectory continues to impress investors as they navigate through a competitive market.

When compared to the previous quarter, Mastek's revenue grew by 6.7%, while profit saw a substantial increase of 79.93%. These figures highlight the company's ability to maintain momentum despite potential economic headwinds.

However, the Selling, General & Administrative expenses saw a rise of 6.84% quarter-over-quarter and a 10.75% increase year-over-year, indicating that operational costs are climbing alongside revenue growth. This increase in expenses warrants attention as the company continues to scale its operations.

Operating income demonstrated significant growth, up by 29.98% on a quarter-over-quarter basis and 37.73% year-over-year, showcasing Mastek's operational efficiency and strong market positioning.

Earnings Per Share (EPS) for Q2 stood at 37.46, reflecting a notable increase of 76.37% compared to the same quarter last year. This impressive EPS growth further underscores the company's profitability and commitment to delivering value to its shareholders.

In terms of stock performance, Mastek has delivered a return of 10.52% in the last week, a solid 6.84% over the past six months, and a year-to-date return of 5.95%. These metrics suggest a positive market sentiment surrounding the company.

Currently, Mastek boasts a market capitalization of 9216.14 crore, with its stock trading between a 52-week high of 3145 and a low of 2103.05. This range reflects the stock's volatility but also its potential for growth.

As of October 19, 2024, out of five analysts covering Mastek, two have given a Hold rating, two have assigned a Buy rating, and one has issued a Strong Buy rating. This mixed outlook indicates cautious optimism among analysts regarding Mastek's future performance.

The consensus recommendation as of October 19, 2024, is to Buy, reflecting a general positive outlook for Mastek as it continues to deliver strong financial results.

Mastek Financials

PeriodQ2Q1Q-o-Q GrowthQ2Y-o-Y Growth
Total Revenue867.39812.89+6.7%765.54+13.3%
Selling/ General/ Admin Expenses Total475.26444.83+6.84%429.11+10.75%
Depreciation/ Amortization19.8520.06-1.05%20.9-5.02%
Total Operating Expense732.37709.01+3.29%667.51+9.72%
Operating Income135.02103.88+29.98%98.03+37.73%
Net Income Before Taxes128.9298.63+30.71%90.26+42.83%
Net Income128.6571.5+79.93%62.82+104.79%
Diluted Normalized EPS37.4622.92+63.44%21.24+76.37%
Stay updated on quarterly results with our results calendar

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
FAQs
₹128.65Cr
₹867.39Cr
First Published:19 Oct 2024, 11:17 AM IST
Business NewsCompaniesCompany ResultsMastek Q2 Results Live: Profit Rises by 104.79% YOY

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    476.15
    03:58 PM | 21 NOV 2024
    -47.95 (-9.15%)

    Bank Of Baroda share price

    228.60
    03:57 PM | 21 NOV 2024
    -8.6 (-3.63%)

    Tata Steel share price

    140.25
    03:58 PM | 21 NOV 2024
    0.8 (0.57%)

    Indian Oil Corporation share price

    130.75
    03:57 PM | 21 NOV 2024
    -2.4 (-1.8%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Indian Hotels Company share price

    786.85
    03:59 PM | 21 NOV 2024
    33.45 (4.44%)

    National Aluminium Company share price

    248.10
    03:59 PM | 21 NOV 2024
    7.8 (3.25%)

    Federal Bank share price

    210.80
    03:41 PM | 21 NOV 2024
    4.1 (1.98%)

    Coforge share price

    8,216.55
    03:29 PM | 21 NOV 2024
    102.65 (1.27%)
    More from 52 Week High

    Honasa Consumer share price

    237.40
    03:29 PM | 21 NOV 2024
    -26.35 (-9.99%)

    ADANI WILMAR share price

    294.45
    03:59 PM | 21 NOV 2024
    -32.65 (-9.98%)

    Adani Power share price

    476.15
    03:58 PM | 21 NOV 2024
    -47.95 (-9.15%)

    ACC share price

    2,025.80
    03:54 PM | 21 NOV 2024
    -159.25 (-7.29%)
    More from Top Losers

    VIP Industries share price

    492.75
    03:43 PM | 21 NOV 2024
    32.8 (7.13%)

    NLC India share price

    253.10
    03:59 PM | 21 NOV 2024
    16.1 (6.79%)

    Sammaan Capital share price

    159.80
    03:58 PM | 21 NOV 2024
    9.3 (6.18%)

    CRISIL share price

    5,588.00
    03:29 PM | 21 NOV 2024
    317.5 (6.02%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,645.00550.00
      Chennai
      77,651.00550.00
      Delhi
      77,803.00550.00
      Kolkata
      77,655.00550.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts