Mastek

Matsek posted a very good set of numbers for Q4FY17 and the stock price has reacted accordingly, surging over 15% in the early morning trades today.

It reported a very good 29% (QOQ) jump up in net profit at Rs.14.5 crore on a 42% increase in revenue at Rs.182 crore. On constant currency, the company recorded revenue growth of 42.3% (organic growth of 5.7%) on sequential basis. Growth for the quarter driven by revenue addition from Taistech

EBITDA margin was at 12.4% v/s 12.1% on a sequential basis.

Mastek's 12-month order backlog was Rs 333 crore, including Taistech as on Q4FY17 as compared to Rs 227 crore at the end of Q3FY17, up 47% in rupee terms and up 52% in constant currency.