Mastek Q2 net profit up at Rs Rs 17.5 cr

IT firm Mastek today said its consolidated net profit grew over two-fold to Rs 17.5 crore for the quarter ended September 30, 2017.
This is against net profit of Rs 7.3 crore in the year- ago period, the company said in a BSE filing.
Its total income was up 59 per cent to Rs 204.1 crore for the quarter under review from Rs 128.2 crore in the July- September 2016 quarter, it said.
The company added 13 new clients in the second quarter this fiscal. Its total client count as of September 30, 2017 was 167, it said.
Mastek's 12-month order backlog was Rs 450.4 crore as on September 30, 2017. Its employee count was at 1767, of which 1,169 employees were in India.

"Q2 results represents our fourth consecutive quarter of growth and second quarter of implementing our Vision 2020 strategy," Mastek Group CEO John Owen said.
The company has declared an interim dividend of Rs 2 per share.