Mastek Shares in Focus; Trades Ex-dividend Today, January 24, 2025

Mastek shares will trade ex-dividend today, January 24, 2025. The company declared a dividend of ₹7 per share, with the announcement made on January 16, 2025. Eligible shareholders will receive the payout.

Corporate Action History

Mastek Q3 FY25 Result Details

Mastek reported strong results for Q3 FY25, with a 25.74% year-on-year (YoY) increase in profit, reaching ₹94.71 crore. The company’s revenue also rose by 10.87% YoY, totalling ₹869.53 crore. However, compared to the previous quarter, revenue showed a modest 0.25% growth, while profit decreased by 26.38%.

In terms of expenses, Selling, General, and Administrative costs declined by 2.92% on a quarterly basis but saw a YoY increase of 7.06%. Mastek’s operating income also faced a slight drop of 5.14% from the previous quarter, though it marked a 14.65% increase YoY. The company reported a diluted earnings per share (EPS) of ₹29.39, a 21% YoY increase.

Despite challenges in the market, Mastek’s resilience is evident, with a market capitalisation of ₹8,464.79 crore as of January 17, 2025, the day it declared Q3 results. However, the stock experienced some volatility, with a 52-week high of ₹3,375 and a low of ₹2,137.55.

Share Price Performance

Mastek’s share price traded 1.68% lower at ₹2,655.50 at 9:50 AM on the NSE, after opening at ₹2,705, compared to ₹2,707.95 at the previous close. This follows a 3.78% gain in yesterday’s session, which ended a three-day losing streak.

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