MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio recording of the EARNINGS CONFERENCE CALL held today with Investors / Analysts on the Annual Audited Accounts for the financial year ended on March 31, 2024 MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual Audited Financial Results 2023-24 (AAFR) - Published in Newspapers
Mastek Results Earnings Call for Q4FY24
Conference Call with Mastek Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript. Q4FY24 Quarterly & FY24 Annual Result Announced for Mastek Ltd.
Software & Services company Mastek announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue from operations: Rs 779.7 crore, up 9.9% YoY. Operating EBITDA margin: 16.0% Net Profit Margin: 12.0%, improved by 178 basis points YoY. New clients added: 22 Total active clients: 430 FY24 Financial Highlights: Total revenue from operations: Rs 3,054.8 crore, up 19.2% YoY. Attrition rate (last twelve months): 20.5% Total employee count (as of March 31, 2024): 5,539; Offshore employee count (based in India): 3,892 The 12-month order backlog showed a significant QoQ growth of 4.9% in rupee terms and stood at Rs 2,168.4 crore (USD 260.0 million). Mastek's Board of Directors proposed a final dividend of 240%, which translates to Rs 12 per share. Commenting on the FY24 results, Hiral Chandrana, Chief Executive Officer, Mastek, said: "Q4FY24 revenue was below our expectations at USD 93.7mn, a marginal decline of 0.3% QoQ in dollar terms due to offshore movement of a large program, and impact of 2 clients in the US. However, we had our highest ever order book (OB) with some marquee annuity deal wins in US this quarter. FY24 was a transformational year for us, we are pleased to have delivered revenue growth of 15.8% YoY in dollar terms on a full year basis, with disciplined execution across all geographies. The demand for our Digital Engineering, Cloud and Data/Al services remains strong as reflected in our 12 month order backlog which grew 19.1% Y-o-Y in dollar terms and we are well-positioned to deliver robust growth in FY25." Arun Agarwal, Chief Financial Officer, Mastek, said: "We reported Q4FY24 revenue of Rs 779.7 crore, a marginal decline of 0.6% Q-o-Q basis in Rs terms. However, we are confident to deliver industry-leading growth in FY25, with strong 12 month order backlog which stood at USD 260.0mn, reflecting a growth of 4.6% QoQ in dollar terms. Our operating cash flow consistently improved during the year with closing cash & cash equivalent standing at Rs 473.3 crore. In FY24, we delivered an operating EBITDA growth of 11.6% on YoY. While macro uncertainties and customer delays prevail, growth in our pipeline, key lead indicators, and strategic priorities positions us well to continue our growth journey in the coming quarters and years." Result PDF
Second half of FY25 will be much stronger for IT industry: Mastek CEO
Mastek CEO Chandrana discusses FY24 growth, soft Q4 revenue, optimism for FY25. He also talks about Mastek's share in a $1.2-billion UK Ministry of Defence project, client conversations, and margin profile target of 17-18%. Chandrana says: "As far as the revenue and growth is concerned, in dollar terms, we grew 15.8% YoY. If you remove the small acquisition that we did in FY24, we still grew at a fairly healthy rate compared to competition. " MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Annual Audited Financial Results - 2023-24 MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release and Investor Presentation MASTEK LTD. - 523704 - Corporate Action-Board approves Dividend
The Board of Directors recommended a final dividend of 240% i.e. Rs.12 per equity share (on the face value of Rs.5 per equity share) for the financial year ended March 31, 2024, subject to shareholders approval at the ensuing 42nd AGM. MASTEK LTD. - 523704 - Annual Audited Financial Results For March 31, 2024
Annual Audited Financial Results for March 31, 2024 MASTEK LTD. - 523704 - Board Meeting Outcome for Outcome Of The Proceedings Of Board Meeting Held On April 26, 2024
Outcome of the proceedings of Board Meeting held on April 26, 2024