Mastek Reports Strong Q3 FY24-25 Results Amid Rising Interest Costs and Debt Challenges

Mastek, a midcap player in the IT software industry, has reported its financial results for the third quarter of FY24-25, revealing notable trends. The company's Profit After Tax (PAT) for the half-year reached Rs 208.63 crore, showcasing a year-on-year growth of 47.84%. This reflects a strong operational performance that stands out in the current financial landscape.
In terms of sales, Mastek achieved its highest quarterly net sales in the last five quarters, amounting to Rs 869.53 crore. Additionally, the Profit Before Tax (PBT), excluding other income, also marked a five-quarter high at Rs 112.24 crore, underscoring the company's solid financial footing.

However, Mastek is navigating some challenges, including a rise in interest costs, which increased by 23.26% to Rs 23.00 crore compared to the previous half-year period, indicating higher borrowings. Furthermore, the company's Debtors Turnover Ratio has dipped to 4.50 times, the lowest in recent periods, suggesting a slower pace in settling debts. Despite these challenges, Mastek's financial results highlight significant growth in key areas.

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