Mastek Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 19, 2021
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Mastek Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 5,339.3 million compared to INR 4,097.4 million a year ago. Revenue was INR 5,416.4 million compared to INR 4,138 million a year ago. Net income was INR 722.9 million compared to INR 509.5 million a year ago. Basic earnings per share from continuing operations was INR 27.78 compared to INR 20.81 a year ago. Diluted earnings per share from continuing operations was INR 26.92 compared to INR 19.75 a year ago.
For the six months, sales was INR 10,504 million compared to INR 7,958 million a year ago. Revenue was INR 10,628.1 million compared to INR 8,165.6 million a year ago. Net income was INR 1,415.9 million compared to INR 913.8 million a year ago. Basic earnings per share from continuing operations was INR 55.21 compared to INR 37.45 a year ago. Diluted earnings per share from continuing operations was INR 53.45 compared to INR 35.57 a year ago.
Mastek Limited is an enterprise digital and cloud transformation specialist. The Company is a provider of vertically focused enterprise technology solutions. It operates through four segments: United Kingdom & Europe operations, North America operations, Middle East operations, and Others. The portfolio of its offerings includes business and technology services, which consist of application development, application maintenance, business intelligence and data warehousing, and legacy modernization. Its services include digital application and cloud Engineering, oracle cloud and enterprise applications, digital commerce and experience, data, automation and artificial intelligence, and cloud enhancement services. It caters to various industries, including public sector and government, healthcare and life sciences, retail and consumer, manufacturing, and industrial, and financial services. It carries out its operations in India and has its software development centers in India.