Mastek Ltd

Mastek will hold a meeting of the Board of Directors of the Company on 18 April 2025.Powered by Capital Market - Live

Sarda Energy & Minerals Ltd, Phoenix Mills Ltd, Craftsman Automation Ltd and Tech Mahindra Ltd are among the other losers in the BSE's 'A' group today, 19 March 2025.Mastek Ltd crashed 4.58% to Rs 2327.7 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 22526 shares were traded on the counter so far as against the average daily volumes of 12487 shares in the past one month.Sarda Energy & Minerals Ltd lost 3.20% to Rs 538.25. The stock was the second biggest loser in 'A' group.On the BSE, 42635 shares were traded on the counter so far as against the average daily volumes of 61984 shares in the past one month.Phoenix Mills Ltd tumbled 3.07% to Rs 1559.9. The stock was the third biggest loser in 'A' group.On the BSE, 35394 shares were traded on the counter so far as against the average daily volumes of 8192 shares in the past one month.Craftsman Automation Ltd slipped 2.88% to Rs 4774.35. The stock was the fourth biggest loser in 'A' group.On the BSE, 1447 shares were traded on the counter so far as against the average daily volumes of 2737 shares in the past one month.Tech Mahindra Ltd fell 2.27% to Rs 1398.6. The stock was the fifth biggest loser in 'A' group.On the BSE, 44532 shares were traded on the counter so far as against the average daily volumes of 30999 shares in the past one month.Powered by Capital Market - Live

Mastek Ltd lost 5.26% today to trade at Rs 2310.95. The BSE Information Technology index is down 1.05% to quote at 35551.06. The index is down 11.79 % over last one month. Among the other constituents of the index, Tata Consultancy Services Ltd decreased 1.82% and HCL Technologies Ltd lost 1.81% on the day. The BSE Information Technology index went down 2.21 % over last one year compared to the 4.67% surge in benchmark SENSEX. Mastek Ltd has lost 1.2% over last one month compared to 11.79% fall in BSE Information Technology index and 0.82% drop in the SENSEX. On the BSE, 8173 shares were traded in the counter so far compared with average daily volumes of 12544 shares in the past one month. The stock hit a record high of Rs 3375 on 04 Dec 2024. The stock hit a 52-week low of Rs 2065.75 on 04 Mar 2025.Powered by Capital Market - Live

Raymond Ltd, Ircon International Ltd, Ratnamani Metals & Tubes Ltd, Kirloskar Oil Engines Ltd are among the other stocks to see a surge in volumes on NSE today, 18 March 2025.Mastek Ltd witnessed volume of 37.56 lakh shares by 14:14 IST on NSE, a 22.75 times surge over two-week average daily volume of 1.65 lakh shares. The stock increased 17.88% to Rs.2,491.00. Volumes stood at 1.99 lakh shares in the last session.Raymond Ltd saw volume of 29.32 lakh shares by 14:14 IST on NSE, a 10.87 fold spurt over two-week average daily volume of 2.70 lakh shares. The stock increased 17.57% to Rs.1,447.70. Volumes stood at 1.97 lakh shares in the last session.Ircon International Ltd notched up volume of 320.41 lakh shares by 14:14 IST on NSE, a 7.69 fold spurt over two-week average daily volume of 41.68 lakh shares. The stock rose 5.27% to Rs.145.45. Volumes stood at 37.39 lakh shares in the last session.Ratnamani Metals & Tubes Ltd recorded volume of 3.85 lakh shares by 14:14 IST on NSE, a 6.8 times surge over two-week average daily volume of 56586 shares. The stock gained 8.90% to Rs.2,710.40. Volumes stood at 31606 shares in the last session.Kirloskar Oil Engines Ltd witnessed volume of 27.9 lakh shares by 14:14 IST on NSE, a 4.74 times surge over two-week average daily volume of 5.89 lakh shares. The stock increased 7.70% to Rs.719.35. Volumes stood at 6.57 lakh shares in the last session.Powered by Capital Market - Live

These contracts, issued through the company's subsidiary in the United Kingdom, will span over a period of two years. According to an exchange filing, the contracts represent an extension and expansion of ongoing collaborations that aim to support the transformation of the department's digital, data, and technology services. These projects are aligned with the department's strategic priorities. The company has built a strong track record in driving digital transformations and delivering data-driven impact in the UK public service sector. With expertise in GovTech, Mastek empowers government departments with greater autonomy, efficiency, and resilience. The company continues to invest in the UK's Critical National Important Services, playing a key role in supporting essential services such as case management, data integration, and citizen services, all hosted on secure AWS cloud infrastructure. The company remains committed to upholding compliance standards and regulatory frameworks set by the UK government, ensuring confidentiality and integrity in critical public service programs. Abhishek Singh, president of UKI & Europe, Mastek, said, 'At Mastek, we are dedicated to providing secure and high-impact digital solutions that empower our customers to be self-resilient and future-ready. As a trusted technology partner, we remain committed to supporting citizen-centric critical services that align with evolving national priorities.' The official announcement was made on 26 February 2025. Mastek is an IT company providing enterprise digital and cloud transformation services to the government/public sector, health and life sciences, retail and financial service sectors. The company's service offering includes application development, Oracle Suite & cloud migration, digital commerce, application support & maintenance, BI & analytics, assurance & testing, and agile consulting. The company's consolidated net profit jumped 25.7% to Rs 94.71 crore in Q3 FY25 as against Rs 75.32 crore posted in Q3 FY24. Revenue from operations increased 10.9% YoY to Rs 869.53 crore in the quarter ended 31 December 2024. The scrip rose 0.23% to Rs 2354.20 on the BSE. Powered by Capital Market - Live

Mastek announced that it has secured multiple contracts with an estimated value of USD 85 million from a UK public service department, spread over a period of 2 years. The contracts are an extension and expansion of the ongoing collaborations that support the transformation of the department's Digital, Data, and Technology services, aligned to its strategic priorities. Mastek has a strong track record of driving digital transformations and delivering data-driven impact to citizens in the UK public service domain. With deep expertise in GovTech, Mastek enables government departments with greater autonomy, efficiency, and resilience. Through continued investment in the UK's Critical National Important Services, Mastek plays a vital role in supporting essential services, including case management, data integration and management, in citizen services on secure AWS cloud infrastructure. Mastek is committed to upholding the compliance standards and regulatory frameworks set by the UK government, ensuring confidentiality and integrity in critical public service programmes. Powered by Capital Market - Live

Mastek announced its strategic partnership with OpenAna, an innovative AI-driven platform modernizing software development lifecycle (SDLC) processes. This partnership marks a significant milestone in Mastek's journey to enhance its Generative AI capabilities, enabling businesses to innovate faster, optimize development workflows, and accelerate digital transformation. OpenAna is transforming software engineering with Ana, an AI-powered Autonomous Software Engineer revolutionizing how technology teams deliver software. As an integral engineering teammate, Ana enables enterprises to accelerate delivery, scale effortlessly, and achieve unparalleled efficiency'all while empowering teams to focus on innovation and strategic growth. The collaboration will focus on integrating GenAI into SDLC processes by harnessing OpenAna's next-gen AI capabilities and Mastek's deep expertise in digital transformation. Together, the partnership aims to empower organizations to navigate complex digital challenges and seize new growth opportunities. This will streamline development cycles, enhance operational efficiency, and accelerate time-to-market.Powered by Capital Market - Live

Net profit of Mastek rose 25.74% to Rs 94.71 crore in the quarter ended December 2024 as against Rs 75.32 crore during the previous quarter ended December 2023. Sales rose 10.87% to Rs 869.53 crore in the quarter ended December 2024 as against Rs 784.27 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales869.53784.27 11 OPM %16.1817.03 - PBDT138.26123.56 12 PBT121.71101.74 20 NP94.7175.32 26 Powered by Capital Market - Live

Mastek announced that the Board of Directors of the Company at its meeting held on 16 January 2025, inter alia, have recommended the interim dividend of Rs 7 per equity Share (i.e. 140%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Mastek has appointed Umang Nahata as the Chief Executive Officer of the Company, effective immediately. This decision reflects the Board's confidence in Umang's leadership and vision to lead the organization into its next phase of innovation and growth. Umang, the founder and former CEO of Evosys, successfully led its growth into a leading Oracle Cloud Partner before its acquisition by Mastek in 2020. As head of Mastek's Oracle Services, he delivered significant growth and built enduring client relationships across geographies.Powered by Capital Market - Live