External broker reports(aggregated public sources), Sharekhan

Sharekhan

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Sharekhan's research report onMastek Mastek’s reported revenue stood at $93.7 million, down 1.4% q-o-q/up 6% y-o-y in constant currency (CC) terms, which was lower than our estimate of $96.3 million on account of three specific client situations.</li><li>EBITDA margin fell 98bps q-o-q to 16%, missing our estimates of 17.3%, largely on account of the specific impacts on revenue.</li><li>The company registered its highest-ever 12-month order backlog, which stood at Rs.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Sharekhan's research report onMastek Mastek’s reported revenue stood at $93.7 million, down 1.4% q-o-q/up 6% y-o-y in constant currency (CC) terms, which was lower than our estimate of $96.3 million on account of three specific client situations.EBITDA margin fell 98bps q-o-q to 16%, missing our estimates of 17.3%, largely on account of the specific impacts on revenue.The company registered its highest-ever 12-month order backlog, which stood at Rs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mastek Ltd - Muted Quarter; Confident Commentary