After the IT company reported its net profit slipped 18.86% to Rs 64.18 crore as against Rs 79.10 crore recorded in July-September of FY23, Mastek declined 3.11% to Rs 1,678.50. Revenue from operations rose 5.34% to Rs 658.66 crore last quarter of 2022 from Rs 625.30 posted in July-September of FY23.

Mastek’s net profit declined 12.85%, while revenue jumped 19.34% in the October-December quarter of FY23.

Operating EBITDA was at Rs 113.7 crore in the October-December quarter of   FY23, up 5.9% quarter on quarter (QoQ) and down 2.2% YoY. Operating EBITDA margin stood at 17.3% in the October-December quarter of FY23 as against 17.2% in July-September of  FY23 and 21.1% in the October-December quarter of FY22.

The company added 31 new clients in the October-December quarter of FY23. Total active clients during the October-December quarter of FY23 were 444 compared to 449 in July-September of  FY23.

The company is to provide enterprise digital and cloud transformation services to the public, retail, financial services, and health and life science sectors. It also offers Oracle suite & cloud migration, application development, application support & maintenance, digital commerce, agile consulting and BI & analytics, assurance & testing.