*UKHotViewsExtra* Mastek Q1: Solid revenue growth and squeezed profits

At the end of last week, Mastek reported its financial results for the quarter ending 30th June 2024 (its Q1 FY25). The quarter was defined by solid revenue growth combined with a squeeze on profits.

Revenue growth for the quarter was 12.1% to Rs812.9 Crore, with quarter-on-quarter growth of 4.3%. This represented an improvement on Q4 performance (see Mastek Q4: UK performance improvement | TechMarketView). Mastek points to four key growth drivers: Healthcare in the US, Central Government in the UK, Account Mining, and Data/AI Solutions globally.

Meanwhile, the EBITDA operating margin shrank to 15.2%, down from 16.0% in the previous quarter, and 17.0% in FY24.

TechMarketView Chief Analyst met up with Mastek Group CEO, Hiral Chandrana, Mastek President UKI & Europe, Abhishek Singh, and Executive Vice President UK Secure Government Services, Ashish Julka, to delve into the story behind the numbers.

TechMarketView subscribers, including UKHotViews Premium subscribers, can read the analysis now: Mastek Q1: Solid revenue growth and squeezed profits | TechMarketView. If you are not yet a subscriber – or are unsure if your organisation has a corporate subscription – please contact Deb Seth to find out the easiest way to access this analysis and a lot more besides.

Posted by Georgina O'Toole at '16:13' - Tagged: results   offshore   defence   retail   IPP   healthcare   financial+services   central+government   genAI   public sector