Mastek was very strong yesterday and today too, it is on a roller coaster ride. In the morning session, it rose almost 11% to Rs.397.50, a new high. And then it plunged southwards, going down over 6% to Rs.336.55; obviously profit booking coming in after the run-up of the past few days.

For Q1FY18, Mastek posted a 39% (QoQ) rise in consolidated net profit at Rs.15 crore, driven by a strong topline growth. Constant currency revenue grew 5% while rupee revenue was up 3% at Rs.185 crore; its 12-month order backlog was at Rs.345 crore, up 3%. 66% of its revenue comes from UK, that from North America is at 30% and balance from rest.

EBITDA rose 18% to Rs.25 crore and margins improved from 11.5%to 13.2%

It added 12 clients during Q1; the total number of active clients now stands at 161. Its cash balance was at Rs.150 crore, down some Rs.3 crore sequentially.

Its total employee strength stands at 1648.

Company’s equity is at Rs.11.69 crore and EPS for the quarter was at Rs.6.27 (FV of Rs.5).