MASTEK Ltd Q4FY21 consolidated PAT higher at Rs. 60.55 crore

MASTEK LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.486.45 crores during the period ended March 31, 2021 as compared to Rs.446.76 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.60.55 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.57.42 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.23.28 for the period ended March 31, 2021 as compared to Rs.22.24 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 486.45 crs	₹ 446.76 crs	8.88%
Net Profit	₹ 60.55 crs	₹ 57.42 crs	5.45%
EPS	₹ 23.28	₹ 22.24	4.68%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.486.45 crores during the period ended March 31, 2021 as compared to Rs.354.16 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.60.55 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.33.99 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.23.28 for the period ended March 31, 2021 as compared to Rs.13.33 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 486.45 crs	₹ 354.16 crs	37.35%
Net Profit	₹ 60.55 crs	₹ 33.99 crs	78.14%
EPS	₹ 23.28	₹ 13.33	74.64%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1749.77 crores during the 12 months period ended March 31, 2021 as compared to Rs.1112.78 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.209.35 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.108.86 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.81.88 for the 12 months period ended March 31, 2021 as compared to Rs.42.93 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 1749.77 crs	₹ 1112.78 crs	57.24%
Net Profit	₹ 209.35 crs	₹ 108.86 crs	92.31%
EPS	₹ 81.88	₹42.93	90.73%

Commenting on the Q4FY21 results, Ashank Desai, Vice Chairman and Managing Director, Mastek Limited, said: "We are pleased to report another robust quarter and fiscal year driven by our continuous focus on cloud and digital transformation services. We have a resilient business model and strong long-term relationship with our customers which is demonstrated in FY21 revenue growth of 60.7% and annual EBITDA Margin of 21.2%. Evosys proficiency in Oracle cloud migration combined with Mastek's capability to cross-sell digital commerce and transformation services helped us to win some remarkable larger deals during the year. We are witnessing a strong demand acceleration reflected in our record order booking in FY21. With a focus to build new capabilities in cloud and Digital arena we are well poised to capitalize on future growth opportunities. Integration with Evosys is going well. I am immensely proud of the Mastekeers who have worked tirelessly to support our customers and deliver services in these unprecedented times. I take this opportunity to thank the loyal support and trust of our customers and the committed Mastekeers team."

Arun Agarwal, Group Vice President Finance, Mastek Limited, said: "Q4FY21 was another quarter of consistent financial performance. Our healthcare business continues to accelerate while Government sector in UK reported another quarter of sustained growth. The Board recommended a final dividend of Rs 9/- per share taking the total dividend for the year to be 290%. Investment in talent and capacity continued this quarter and we added 190 new Mastekeers to our team in Q4FY21. We crossed $230m in revenue which gives us a strong exit from FY21. As we enter FY22, we are confident that increased demand for our cloud migration and digital transformation services, strong order backlog and our strategic investments, places us well to sustain the growth momentum, create value for our customers in their digital journey and maximize value for our shareholders."

Shares of MASTEK LTD. was last trading in BSE at Rs.1523.4 as compared to the previous close of Rs. 1502.75. The total number of shares traded during the day was 48958 in over 2359 trades.

The stock hit an intraday high of Rs. 1536.6 and intraday low of 1489.45. The net turnover during the day was Rs. 73890068.

Source : Equity Bulls

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