The Mastek group is trying to revamp its operations and expects the US to drive revenue growth and Europe to remain stable. The company embarked on business process outsourcing (BPO) operations last year and is looking at alliances and joint ventures with BPO companies.
Its sales grew 1.3 per cent to Rs 88.53 crore while net profit rose 10.18 per cent to Rs 3.03 crore sequentially in the quarter ended September 30, 2003.
The stock trades at Rs 218 on the BSE at a P/E of around 11x. Ashank Desai, chairman and managing director, talks about the status of his company
