ECONOMY

Mastek – Robust Revenue Growth, Healthy Margins: ICICI Direct

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Mastek Ltd. offers data, apps, cloud services to public and private enterprise in the UK, U.S., Middle East, Asia Pacific and India.

The company’s recent acquisition of Evosys has enabled Mastek to provide end to end solution and improve margins from ~14% to 21%.

Net debt free and healthy double digit return ratio (with return on capital employed of 20%).

The company reported robust Q1 FY22 results. Dollar revenues increased 6.5% QoQ to $70.2 million.

Ebitda margin was flat QoQ at 21.8%. Deal wins increased 2.5% QoQ to $158.4 million.

Click on the attachment to read the full report:

ICICI Direct Mastek Company Update.pdf

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