Mastek eyes Rs 260 cr sales, Rs 40 cr profit next qtr

Mastek has announced its fourth quarter results. The company's consolidated net sales were up at Rs 244.8 crore versus Rs 233.3 crore, QoQ.

Its consolidated net profit was up at Rs 38.6 crore versus Rs 34.9 crore, QoQ.

Sudhakar Ram, CMD and CEO, Mastek expects topline revenues of about Rs 255-260 crore and a bottomline of Rs 39-40 crore. He sees the year’s income at USD 300 million.

Q: Take us through the margins picture. What have you scored in terms of margins? They seem to have been in compression.

A: Overall the margins have expanded. This quarter EBITDA was at 19.9% as compared to about 19.4% EBITDA last quarter. We are happy with the expansion of margins overall. The company registered a growth of around Rs 250 crore this quarter against a guidance of Rs 245-250 crore that we had given. This constitutes almost 35% growth YoY in rupee terms and even higher in terms of dollars over the same quarter of last year. So the performance has been good both on topline and bottomline terms.

Q: How much has the Systems Task Group International (STG) contributed this time to both your topline and bottomline performance?

A: STG was operational for the full quarter, so it would have contributed about 4.5 million to the topline. The bottomline impact of the STG is not very high as yet.

Q: What is your guidance for the next quarter?

A: We expect topline revenues of about Rs 255-260 crore and a bottomline at Rs 39-40 crore. We are targeting the full years income at about USD 300 million as a company. Our total income this year ends at close to USD 227 million.