Mastek reports standalone net profit of Rs 5.83 crore in the March 2017 quarter

Sales decline 57.15% to Rs 34.64 crore

Net profit of Mastek reported to Rs 5.83 crore in the quarter ended March 2017 as against net loss of Rs 2.30 crore during the previous quarter ended March 2016. Sales declined 57.15% to Rs 34.64 crore in the quarter ended March 2017 as against Rs 80.84 crore during the previous quarter ended March 2016.

For the full year,net profit rose 88.93% to Rs 25.26 crore in the year ended March 2017 as against Rs 13.37 crore during the previous year ended March 2016. Sales declined 54.64% to Rs 171.78 crore in the year ended March 2017 as against Rs 378.67 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales34.6480.84 -57 171.78378.67 -55 OPM %13.48-5.12 -17.655.90 - PBDT6.990.78 796 41.4138.57 7 PBT4.02-2.36 LP 29.3723.68 24 NP5.83-2.30 LP 25.2613.37 89

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