Mastek is a publicly held (NSE: MASTEK; BSE: 523704) leading IT player with global operations providing enterprise solutions to insurance, government, and financial services organizations worldwide. Mastek operates across US, Europe, and Asia Pacific regions. Incorporated in 1982, Mastek has been in the forefront of technology, which along with proven methodologies and processes, increase IT value generation to its customers through onsite and offshore deliveries.
Business Highlights
• EBITDA margin improves to 15.9%, PAT for quarter at Rs 15 cr
• Performance reflects adverse forex conditions and business headwinds
• 12-month order book stable in dollar terms
• Total Income for 9MFY2010 at Rs 557 cr, PAT at Rs 65 cr
• Adds an insurance customer during the quarter
On a quarter-on-quarter basis
• Total income represents an 11% decline from Rs 193.2 crore in the preceding quarter to Rs 172.2 crore.
• On a constant currency basis, total income for the quarter was Rs 179.6 cr.
• EBITDA at Rs 27.1 crore was 16.6% higher compared to Rs 23.2 crore in the preceding quarter. EBITDA margin for the quarter expanded from 12.2% in the previous quarter to 15.9%.
• PAT for the quarter stood at Rs 15.3 cr compared to Rs 23.5 cr in the preceding quarter.
On a year-on-year basis
• Total income during the quarter under review (Q3FY2010) was Rs 172.2 crore compared to Rs 233.0 in the similar quarter last year.
• EBITDA for the quarter under review was Rs 27.1 crore compared to Rs 43.2 crore last year.
• Profit After Tax (PAT) for the quarter under review was lower at Rs 15.3 cr compared to Rs 33.4 cr in the corresponding quarter last year.
http://www.mastek.com/press-release/investors/mastek-janmar-quarter-total-1625.html