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Mastek UK & US operations register strong growth, Q1 net profit jumps 42.15% (YOY)
Posted On : 2006-10-11 05:12:15( TIMEZONE : IST )
Mastek Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:
The Company has posted a net profit of Rs 179.40 million for the quarter ended September 30, 2006 as compared to Rs 126.20 million for the quarter ended September 30, 2005. Total Income has increased from Rs 871.20 million for the quarter ended September 30, 2005 to Rs 1241.30 million for the quarter ended September 30, 2006.
The Consolidated Results are as follows:
The Group has posted a net profit after tax and minority interest of Rs 211.90 million for the quarter ended September 30, 2006 as compared to Rs 150.20 million for the quarter ended September 30, 2005. Total Income has increased from Rs 1530.90 million for the quarter ended September 30, 2005 to Rs 1989.20 million for the quarter ended September 30, 2006.
Commenting on the operations, Mr. Sudhakar Ram, the Chief Executive Officer, said "I am happy with the results achieved this quarter, especially with both the UK and US operations registering strong growth. Although the order booking was below expectations, I do see a significant up-shift in the next quarter, based on a strong pipe-line.
