Free Press Journal

Dec qtr: Mastek posts 13% jump in order book


Mumbai: Infotech solutions company Mastek Ltd on Thursday posted a marginal net loss of Rs. 1.5 cr in Q2 FY12 as compared to Rs. 27.3 cr net loss in Q1 FY 12.

The 12- month order backlog stood at Rs. 369 cr as on December 31, 2011 as compared to Rs. 326 cr at the end of September 2011, reflecting a rise of 13.2% in rupee terms.

” We have had a good quarter on the back of definitive traction that we have been experiencing as far as the deal flow is concerned since the last quarter.

We are hopeful that the positive momentum built on both the revenue and the margins will continue going forward and the company will revert to profitable growth again,” Masteks Chairman & Group CEO Sudhakar Ram said.

The company added four clients during Q2, in addition to four client wins in Q1, taking the total number of clients to 93.

The company also announced that S Sandilya, Chairman of the Eicher Group, has been appointed as an additional director on the board.