Mastek Q2 FY11 Results : Net loss Rs 13.5 crore

by khalid on 17/10/2010 · 0 comments

Mastek Ltd. has posted a surprise loss in net profit for the period Q2 (ending Sep 2010) of the current fiscal (FY11). During the said quarter, company encountered a net loss of Rs 13.5 crore in comparison to the profit Rs 2.5 crore of Q2 (ending Sep 09) of previous year(FY10). Mumbai based Mastek Ltd is a multinational software services firm. The company has major presence in the U.S., Canada, U.K., Europe, Asia-Pacific and Middle East. It is a global IT solutions and services outsourcing provider focusing on Insurance, Government and Financial Services verticals.

The company informed the share market(BSE) that the total income was Rs 149 crore in quarter ended Sep 2010 when compared with the last years same quarter ended Sep 2009 which was Rs 163.2 crore. The company has 3,360 employee and one of the oldest software company of India.

Share’s Data :-
BSE Code : 523704
Mkt. Cap: Rs 617.89 Crores
Mastek Ltd. share’s CMP is Rs 229.70 on 15th Oct 2010

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