Mastek Limited Reports Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2016
July 27, 2016 at 07:49 am EDT
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Mastek Limited reported audited consolidated and standalone earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company’s revenue from operations was INR 5,269.323 million against INR 10,125.839 million a year ago. Total revenue was INR 5,443.205 million against INR 10,296.973 million a year ago. Profit before exceptional item and tax was INR 190.315 million against INR 339.324 million a year ago. Net cash generated from operating activities was INR 314.973 million against INR 585.397 million a year ago. Purchase of tangible and intangible assets, net of capital work in progress capitalised was INR 127.170 million against INR 492.490 million a year ago.
For the year, on standalone basis, the company’s revenue from operations was INR 3,786.677 million against INR 6,651.197 million a year ago. Total revenue was INR 3,951.426 million against INR 6,881.737 million a year ago. Profit before exceptional item and tax was INR 236.834 million against INR 731.786 million a year ago. Net cash generated from operating activities was INR 396.250 million against INR 94.910 million a year ago. Purchase of tangible and intangible assets, net of capital work in progress capitalised was INR 118.843 million against INR 198.546 million 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.