Mastek's Q4 financial results show mixed performance, with positive PAT and areas for improvement.

Mastek, a midcap IT software company, has recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Mastek has seen a flat performance in the quarter, with a score of 1 compared to 2 in the previous quarter. However, there are some positive aspects to the company's performance. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs 92.06 crore, showing a positive trend in the near term. The company's PAT has also grown by 29.8% over the average of the previous four quarters, indicating a positive trend in profitability.

On the other hand, there are some areas that need improvement for Mastek. The interest cost has increased by 31.15% over the preceding nine months period, which could signify increased borrowings. The company's operating profit margin for the quarter was the lowest in the last five quarters, indicating a decline in efficiency. The Profit Before Tax less Other Income (PBT) for the quarter was also the lowest in the last five quarters, with a negative trend in the near term. The Non Operating Income for the quarter was the highest in the last five quarters, but it may not be sustainable as it comes from non-business activities.

Overall, Mastek's financial performance for the quarter ending March 2024 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and keep an eye on the company's future performance.