BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Mastek Ltd.'s revenues increased 5.3% QoQ (in constant currency terms) and by 8.5% QoQ (in reported terms) to 55.1 million U.S. dollar.
The increase in revenues was led by Evosys acquisition (up 8.8% QoQ) and 8.3% QoQ growth in organic revenues.
Ebit margin expansion of 359 basis points QoQ to 18.3% was mainly led by 140 basis points expansion in gross margins and rationalisation of selling general and administrative expenses.
Mastek's 12-month order book improved 25.9% QoQ to 127.5 million U.S. dollar.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
