Earlier than expected ramp-down in the BT/NHS project, non-conversion of some of the deals impacted Mumbai-based IT product and services firm Mastek’s first quarter results ended September 30, 2009. Net profit of the firm was down 35.8 per cent at Rs 26.4 crore from Rs 41.18 crore in the corresponding quarter last financial year. Revenue for the quarter at Rs 191.4 crore dipped 26.8 per cent from Rs 261.6 crore for the same quarter last year.
Monday, October 19, 2009
Mastek net down 35.8% Y-o-Y
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