Mastek FY07 consolidated net at Rs 107cr

Mastek Group has posted a consolidated net profit of Rs 106.91 crore for the year ended June 30, 2007 whereas it was Rs 69.09 crore for the year ended June 30, 2006.

According to an official release issued by the company to the BSE today, total income for the year is Rs 810.35 crore whereas it was Rs 701.11 crore for the corresponding previous year.

For the quarter ended June 30, 2007, (Q4FY07) the group posted a net profit of Rs 23.65 crore whereas it was Rs 20.59 crore for Q4FY06. Total income for the quarter is Rs 187.15 crore whereas it was Rs 193.41 crore in Q4FY06. The figures for the quarter and year ended June 30, 2007, are not comparable with the corresponding previous year's figures since with effect from March 09, 2007, the company has sold its stake in JV with Deloitte, the release said.

In another release issued to the BSE, the company said, its board has proposed a final dividend of Rs 4.50 per share for FY07.