Mastek shares soar 14% on robust Q2 net profit
Abhishek Singh, Group CFO, Mastek said,"The financial performance was in line with our expectations. The margin improvement initiatives started in prior quarters have started to yield result. While we expect topline to be under pressure due to adverse movement in GBP, we expect the profitability momentum to continue in H2 FY17."
Mastek reported consolidated net profit of Rs 7.65 crore for Q2FY17, clocking growth of 187.59% YOY and 113.68% QOQ. Photo: Official Website