MASTEK LIMITED
RESULTS for 2nd Quarter ending Dec,31,2011.
STAND ALONE RESULTS
Mastek has produced lack luster results for 2nd quarter ending Dec,2010. Its accounting year is July to June. Som, this is the 2nd quarter of current year.
Net Sales is Rs.91 Cr – up by 2.15% from Q1 (Sep,2011); Down by 11.75% from Q4 (Jun2010) of last year; down by 12.16% from Q3 ended Mar,2010; And down by 22.03% from q/e Dec,2009.
Profit from Operations is (-)12.38 cr, compared to (-)16.03 cr in Q1; and (-)3.48 cr in Q4 of last Yr.;(+)6.50 cr in Q3 of last Year; and (+)Rs.6.56 Cr in Q2 of last year. This is mainly due to Stable expenditure at around Rs.103 cr and lesser sales income.
Net Profit however is boosted to Rs.22.53 cr by other income of Rs.33.14 cr; compared to (-)14.77cr in Q1; (-)Rs.1.30 cr in Q4 of last year; Rs.4.49 cr in Q3 of last year; Rs.15.94 cr in Q2 of last year.
Basic EPS is therefore boosted Rs.8.36; compared to Rs.(-)5.48 in Q1; Rs.(-)0.49 in Q4 of last year; Rs.1.66 in Q3 of last year; Rs.5.93 in Q2 of last year.
CONSOLIDATED RESULTS
Net Sales of Rs. 152.31 Cr for Q/e Dec,2010 against Rs. 148.89 Cr for the quarter ending on 30-SEP-2010.
Net Profit / (Loss) of Rs. (2766) lacs for the quarter ending on 31-DEC-2010 against Rs. (1346) lacs for the quarter ending on 30-SEP-2010.
Thus, the performance of Mastek on stand alone and consolidated basis is very lack luster.
Stand alone Results in numbers:
| MASTEK LIMITED | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 9084 | 8893 | 10293 | 10341 | 11651 |
| Net Sales % Change | 91 | 2.15 | -11.75 | -12.16 | -22.03 |
| Employees Cost | 7821 | 8337 | 7486 | 7241 | 8214 |
| Depreciation | 756 | 557 | 630 | 595 | 612 |
| Other Expenditure | 1745 | 1602 | 2525 | 1855 | 2169 |
| Total Expenditure | 10322 | 10496 | 10641 | 9691 | 10995 |
| Profit from Operations | -1238 | -1603 | -348 | 650 | 656 |
| Other Income | 3314 | 83 | 80 | 89 | 136 |
| Interest | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 2074 | -1522 | -270 | 736 | 790 |
| Tax expense | -179 | -45 | -140 | 287 | -804 |
| Net Profit | 2253 | -1477 | -130 | 449 | 1594 |
| Dividend (%) | - | - | 25 | - | 40 |
| Face Value.Rs | 5 | 5 | 5 | 5 | 5 |
| Paid Up Equity | 1348 | 1348 | 1347 | 1347 | 1345 |
| Basic EPS | 8.36 | -5.48 | -0.49 | 1.66 | 5.93 |
| Diluted EPS | 8.28 | -5.48 | -0.45 | 1.62 | 5.85 |
| Public holding (%) | 57.31 | 57.31 | 57.29 | 57.29 | 57.26 |
ANNOUNCEMENTS
TO THE EXCHANGE
18-01-2011 Mastek Limited has informed the Exchange regarding a press release dated January 18, 2011, titled "Mastek Oct-Dec 2010 quarter Total Income at Rs 152 cr.
18-01-2011 Mastek Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended December 31,2010.
18-01-2011 Mastek Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 12398 lacs for quarter ending on 31-DEC-2010 against Rs. 8893 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 2253 lacs for the quarter ending on 31-DEC-2010 against Rs. (1477) lacs for the quarter ending on 30-SEP-2010.
18-01-2011 Mastek Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 15231 lacs for quarter ending on 31-DEC-2010 against Rs. 14889 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. (2766) lacs for the quarter ending on 31-DEC-2010 against Rs. (1346) lacs for the quarter ending on 30-SEP-2010.
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