Mastek (MASTEK) Q4 23/24 earnings summary

Executive summary

• FY24 revenue reached ₹3,054.8 crore, up 19.2% reported and 13.0% in constant currency; 12-month order backlog rose 15.4% in constant currency to ₹2,168.4 crore.

• Q4 revenue was ₹779.7 crore, up 9.9% YoY reported and 6.0% in constant currency; operating EBITDA margin was 16.0%.

Financial highlights

• Q4 operating EBITDA was ₹125.1 crore, down 0.3% YoY; PAT was ₹94.4 crore, up 30.1%, and PBT was ₹93.9 crore, down 2.5%.

• FY24 operating EBITDA was ₹508.7 crore, up 11.6%; PAT was ₹311.0 crore, up 0.2%, while PBT declined 9.6% to ₹386.2 crore.

• FY24 total income was ₹3,070.8 crore, up 18.0%; other income declined 58.2% to ₹16.0 crore.

• Q4 basic and diluted EPS were ₹29.9 and ₹29.7; FY24 basic and diluted EPS were ₹98.0 and ₹97.3.

Outlook and guidance

• FY25 priorities include US and global healthcare, UK public sector and secure government services, mining the top 30 global accounts, and growth in Oracle, Salesforce, managed services, Data and AI.

• GenAI plans span industry solutions, intelligent assistants, GenAI-powered tools, partner solutions, and use cases in healthcare, financial services and retail.