Bigul

MASTEK LTD. - 523704 - Submission Of Half-Yearly Disclosure Of Related Party Transactions

Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) (Amendments) Regulations, 2018 and SEBI Circular SEBI/HO/CFD/CMD1/CIR/P/2021/662 dated November 22, 2021, please find enclosed herewith disclosure of Related Party Transactions on a consolidated basis for the half-year ended March 31, 2022, drawn in accordance with applicable Accounting Standards. Request you to take the same on your records.
04-05-2022
Bigul

MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

With reference to above cited regulation(s) and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we hereby inform you about the one-on-one virtual meeting held on April 28, 2022 with Wasatch Global Investors on Industry / Company specific developments.
29-04-2022
Bigul

MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Conference Call Transcript - Q4FY22
27-04-2022

Multibagger! Mukul Agrawal, Kacholia, Singhania own this midcap IT stock; brokers see more upside

"Mastek reported a strong quarter with revenue and margin both coming in line. The order book improved 25 per cent and the management is aiming to hit $1 billion revenue in the next five years," HDFC Securities said. It has a target price of Rs 3,530 on the stock.
25-04-2022

Buy Mastek; target of Rs 3400: Anand Rathi

Anand Rathi is bullish on Mastek has recommended buy rating on the stock with a target price of Rs 3400 in its research report dated April 22, 2022.
22-04-2022
Bigul

MASTEK LTD. - 523704 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Audited Financial Results- published in newspapers for the quarter and year ended March 31, 2022. In terms of Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed the copies of the newspaper advertisements published on April 21, 2022 in the following newspapers, regarding the financial results of the Company for the Quarter and Financial Year ended March 31, 2022, which was approved and declared on April 19, 2022. 1. The Financial Express (Mumbai edition) in English and in Gujarati (Ahmedabad edition ); and 2. Mumbai Lakshadeep (Mumbai edition ) in Marathi Kindly take the above on your record and disseminate the same for the information of investors.
21-04-2022

Buy Mastek: target of Rs 3840: Sharekhan

Sharekhan is bullish on Mastek has recommended buy rating on the stock with a target price of Rs 3840 in its research report dated April 20, 2022.
21-04-2022

Multibagger IT stock's Q4 revenue rises 20%, aims to hit $1 billion by 2026

Mastek's Q4 revenue increased by 20% to 581 crore whereas FY22 revenue grew 26% from the year-ago period to 2,183 crore
20-04-2022
Bigul

Q4FY22 Quarterly Result Announced for Mastek Ltd.

Mastek, Q4FY22 revenue rises 18.3% YoY to $77.2 million Mastek IT Consulting & Software firm declares Q4FY22 result: FY22 Revenue at Rs 2,184 crores; up by 26.8% YoY FY22 PAT at Rs 333.4 crores; up by 32.4% YoY basis 12 months order backlog grew by 30.0% YoY Recommends Final Dividend of 240% In USD: Revenue was US$77.2 mn (CC growth: 5.3% QoQ / 18.3% YoY) Net profit was US$11.7 mn (growth of 5.4% QoQ / 13.6% YoY) In INR: Revenue was Rs 581.5 crores (growth of 5.4% QoQ / 20.3% YoY) Net profit was Rs 88.2 crores (growth of 5.7% QoQ/ 16.5% YoY) Commenting on the FY22 results, Hiral Chandrana, Global Chief Executive Officer, Mastek, said: “We are pleased to report another robust quarter and financial year driven by our continuous focus on digital engineering & cloud transformation services. Our strong performance is demonstrated in FY22 by revenue growth of 26.8% and an annual EBITDA Margin of 21.2%. Mastek’s ability to execute business process transformation services and our differentiation in Oracle Cloud has helped us win some large deals and grow accounts during the year. We are witnessing strong demand acceleration as reflected in our record 12 months order backlog of US$ 193.8 mn as of March 2022. Mastek is uniquely positioned to be the business solutions provider of choice as we partner with our clients to decomplex digital with trust, value and velocity.” Arun Agarwal, Global Chief Financial Officer, Mastek, said: “We are happy with our overall fiscal year 2022 performance, including revenue growth, margins, profitability and robust order backlog. Q4FY22 was another quarter of consistent financial performance with revenue growth of 5.4% sequentially. The Board recommended a final dividend of Rs 12/- per share taking the total dividend payout for the year to 380%. As we enter our next phase of growth, we are confident that increased demand for digital engineering & cloud transformation services, our next-gen capabilities coupled with strategic investments, position us well to sustain the growth momentum, create value for our customers and maximize value for our shareholders.” Result PDF
20-04-2022
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