Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 9.95% in the past year Decrease in net sales/revenue by -0.58%
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 1429.27%Marginal increase in other income during this quarter, up by 61.72%.
- Profit over the Year and quarter: Significant improvement in profitability for Mastek Limited. Notable increase of 30.06% in net profit Year to YearMastek Limited’s profitability increased by 21.44% in this quarter.
- EPS over the Year and quarter: EPS increased by 25.32% Year to Year.EPS increased by 21.86%. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 709.18 Cr | Rs. 784.27 Cr | Rs. 779.73 Cr | -0.58% | + 9.95% |
| Expenses | Rs. 583.66 Cr | Rs. 650.74 Cr | Rs. 654.62 Cr | + 0.6% | + 12.16% |
| Operating Profit | Rs. 125.52 Cr | Rs. 133.53 Cr | Rs. 125.11 Cr | -6.31% | -0.33% |
| OPM % | 17.7 % | 17.03 % | 16.05 % | -0.98% | -1.65% |
| Other Income | Rs. -0.41 Cr | Rs. 3.37 Cr | Rs. 5.45 Cr | + 61.72% | + 1429.27% |
| Interest | Rs. 9.26 Cr | Rs. 13.34 Cr | Rs. 9.22 Cr | -30.88% | -0.43% |
| Depreciation | Rs. 19.6 Cr | Rs. 21.82 Cr | Rs. 27.49 Cr | + 25.99% | + 40.26% |
| Profit before tax | Rs. 96.25 Cr | Rs. 101.74 Cr | Rs. 93.85 Cr | -7.76% | -2.49% |
| Tax % | 24.58 % | 23.59 % | 0.6 % | -22.99% | -23.98% |
| Net Profit | Rs. 72.59 Cr | Rs. 77.74 Cr | Rs. 94.41 Cr | + 21.44% | + 30.06% |
| EPS in Rs | Rs. 23.89 | Rs. 24.57 | Rs. 29.94 | + 21.86% | + 25.32% |
Today, we’re looking at Mastek Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.95%. However, it did see a marginal slip of -0.58% from the previous quarter.Expenses ticked up slightly by 0.6% quarter-on-quarter, aligning with the annual rise of 12.16%. Operating profit, while down -0.33% compared to last year,faced a quarter-on-quarter dip of -6.31%, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.65%, but a shrinkage of -0.98% sequentially. Other income rose by 61.72% compared to the last quarter,despite an annual growth of 1429.27%. Interest expenses dropped significantly by -30.88% from the previous quarter, yet the year-over-year decrease remains at a moderate -0.43%. Depreciation costs climbed by 25.99% quarter-on-quarter, whereas on an annual scale, they saw an increase of 40.26%. Profit before tax declined annually by -2.49%but saw a reduction from the preceding quarter by -7.76%.
Tax expenses as a percentage of profits decreased slightly by -23.98% compared to last year, with a more notable quarter-on-quarter decrease of -22.99%. Net profit rose by 30.06% year-on-year but experienced a 21.44% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 25.32% but a quarterly rise of 21.86%. In summary, Mastek Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 709.18 Cr | Rs. 784.27 Cr | Rs. 779.73 Cr | -0.58% | + 9.95% |
| Expenses | Rs. 583.66 Cr | Rs. 650.74 Cr | Rs. 654.62 Cr | + 0.6% | + 12.16% |
| Operating Profit | Rs. 125.52 Cr | Rs. 133.53 Cr | Rs. 125.11 Cr | -6.31% | -0.33% |
| Net Profit | Rs. 72.59 Cr | Rs. 77.74 Cr | Rs. 94.41 Cr | + 21.44% | + 30.06% |
| EPS in Rs | Rs. 23.89 | Rs. 24.57 | Rs. 29.94 | + 21.86% | + 25.32% |
In reviewing Mastek Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.95 % year-on-year growth, although there was a slight dip of -0.58% from the previous quarter.Expenses rose by 12.16% compared to the previous year, with a 0.6% increase quarter-on-quarter. Operating Profit dropped by -0.33% annually, and saw a -6.31% decrease from the last quarter.
Net Profit showed yearly increase of 30.06%, and experienced a 21.44% increase from the previous quarter. Earnings Per Share (EPS) rose by 25.32% annually, however rose by 21.86% compared to the last quarter. In essence, while Mastek Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
