Stock Report

Key Operating highlights of Mastek Ltd for Q2FY22

Posted On : 2021-10-20 08:40:39( TIMEZONE : IST )

Key Operating highlights of Mastek Ltd for Q2FY22

  • New accounts added during the quarter: The Company added 45 new clients in Q2FY22. Total client count as of 30th September, 2021 was 649 (LTM) as compared to 651 (LTM) in Q1FY22.
  • 12 month Order Backlog: 12 month order backlog was Rs 1,154.3 crore ($155.5mn) as on 30th September, 2021 as compared to Rs 940.5 crore ($127.5mn) in Q2FY21, reflecting a growth of 22.7% in rupee terms and 18.8% in constant currency terms on Y-o-Y basis and Rs 1,177.7 crore ($158.4mn) in Q1FY22, this represents a degrowth of 2% in rupee terms and flat in constant currency on Q-o-Q basis.
  • Employees: As on 30th September, 2021, the company had a total of 4,510 employees, of which 3,411 employees were based offshore in India while the rest were at various onsite locations. Employee count at the end of 30th September 2020 was 3,354 and at the end of 30th June 2021 was 4,302.
  • Cash Balance: The total cash, cash equivalents and fair value of Mutual Funds stood at Rs 943.9 crore as on 30th September 2021 as compared to Rs 959.8 crore at the end of 30th June 2021. Net Cash balance (after adjusting for debts) stood at Rs 719.1 crore as on 30th September 2021 as compared to Rs 702.9 crore at the end of 30th June, 2021.
  • Update on Evosys Acquisition: On 15th September, 2021, the company received the order of the Hon'ble National Company Law Tribunal, Ahmedabad Bench, pronounced on September 14, 2021 sanctioning the Scheme of Arrangement between Evolutionary Systems Private Limited, Trans American Information Systems Private Limited and the Company and their respective Shareholders and Creditors under Sections 230 to 232 of Companies Act, 2013 read with Companies (Compromise, Arrangements and Amalgamations) Rules, 2016.

Shares of Mastek Limited was last trading in BSE at Rs. 3413.40 as compared to the previous close of Rs. 3315.85. The total number of shares traded during the day was 49950 in over 8417 trades.

The stock hit an intraday high of Rs. 3666.00 and intraday low of 3250.00. The net turnover during the day was Rs. 172891065.00.

Source : Equity Bulls


Mastek INE759A01021 ITSoftwareProducts OperatingHighlights Q2FY22