Mastek Q2 net zooms 212%

The Mastek group has reported a 212% increase in consolidated net profit at Rs 12.81 crore the second quarter ended December 31, 2004 when compared with Rs 4.10 crore in Q2FY04.

According to a release issued to the BSE today, total income increased 34% to Rs 140.10 crore from Rs 104.27 crore in the corresponding period of the last fiscal.

Mastek, on a standalone basis, has posted a net profit of Rs 11.69 crore for the quarter ended December 31, 2004 as against Rs 1.01 crore for the quarter ended December 31, 2003. Total Income increased from Rs 27.09 crore in Q2CY03 to Rs 47.23 crore for the quarter ended December 31, 2004.

The board has declared an interim dividend of Rs 2 per share, the release added.