Mastek Q1 profit up 15% as operating performance improves with revenue, EBITDA growth

Mid-tier IT company Mastek Ltd

on Tuesday (July 21) reported a net profit of ₹106 crore for the first quarter, up 15% year-on-year from ₹92 crore in the corresponding quarter last year.

The company's revenue increased 7.7% year-on-year to ₹985.3 crore, compared with ₹914.7 crore in Q1 of the previous year.



Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 10.2% year-on-year to ₹151.4 crore, from ₹137.3 crore in the year-ago period. The company's EBITDA margin remained flat at 15% during the quarter compared with the corresponding period last year.

Shares of Mastek Ltd ended at ₹1,740.10, down by ₹4.10, or 0.24%, on the BSE.