Mastek rose 2.56% to Rs 2880.35 after the company reported 5.7% rise in net profit to Rs 88.2 crore on a 5.4% increase in revenue from operations to Rs 581.5 crore in Q4 FY22 over Q3 FY22.
Total EBITDA improved by 13.7% to Rs 138.6 crore in Q4 FY22 from Rs 122 crore in Q3 FY22. Total EBITDA margin in the fourth quarter was 23.1% as compared with 21.9% recorded in the same period last year.
In dollar terms, the company's revenue was $77.2 million (CC growth of 5.3% QoQ).
The company added 49 new clients in Q4FY22. Total active clients during Q4FY22 was 450 as compared to 421 in Q3FY22.
As on 31 March 2022, the company had a total of 4,977 employees as against 4,785 employees as on 31 December 2021. The LTM attrition rate remained unchanged at 28% in Q4 FY22 as compared with Q3 FY22.
Net cash balance (after adjusting for debts) stood at Rs 603.3 crore as on 31 March 2022 as compared to Rs 715.4 crore at the end of 31 December 2021.
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The board of directors has recommended a final dividend of Rs 12 per share during the quarter ended March 2022. This dividend together with interim dividend of Rs 7 per share results in total dividend payout for the year of Rs 19 per share.
Hiral Chandrana, global chief executive officer, Mastek, said: Our strong performance is demonstrated in FY22 by revenue growth of 26.8% and an annual EBITDA Margin of 21.2%. Mastek's ability to execute business process transformation services and our differentiation in Oracle Cloud has helped us win some large deals and grow accounts during the year.
We are witnessing strong demand acceleration as reflected in our record 12 months order backlog of US$ 193.8 million as of March 2022.
Mastek is an IT company providing enterprise digital and cloud transformation services to the Government/ public sector, health and life science, retail and financial service sectors. The company's service offering includes, application development, Oracle suite & cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing and agile consulting.
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