Integrated Filing — IndAS

General information about company
Scrip Code	523704
NSE Symbol	MASTEK
MSEI Symbol	NOTLISTED
ISIN	INE759A01021
Name of company	MASTEK LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	18-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	07-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Geographical
Description of single segment
Start date and time of board meeting	18-Apr-2025   13:30:00
End date and time of board meeting	18-Apr-2025   15:50:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	9054200000	34552300000
	Other income	35800000	222800000
	Total income	9090000000	34775100000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	4775400000	18590300000
(e)	Finance costs	96200000	420600000
(f)	Depreciation, depletion and amortisation expense	186600000	751200000
(f)	Other Expenses
1	Other expenses	612600000	2939400000
2	Consultancy & Subcontracting charges	2278700000	7558100000
	Total other expenses	2891300000	10497500000
	Total expenses	7949500000	30259600000
3	Total profit before exceptional items and tax	1140500000	4515500000
4	Exceptional items	-81300000	76100000
5	Total profit before tax	1059200000	4591600000
6	Tax expense
7	Current tax	264600000	1453900000
8	Deferred tax	-16100000	-621600000
9	Total tax expenses	248500000	832300000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	810700000	3759300000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	810700000	3759300000
17	Other comprehensive income net of taxes	228400000	482600000
18	Total Comprehensive Income for the period	1039100000	4241900000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	810700000	3759300000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	228400000	482600000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	154700000	154700000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		24468700000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	26.24	121.78
	Diluted earnings (loss) per share from continuing operations	26.01	120.65
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	26.24	121.78
	Diluted earnings (loss) per share from continuing and discontinued operations	26.01	120.65
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	822300000
	Capital work-in-progress	18100000
	Investment property	0
	Goodwill	16250600000
	Other intangible assets	1106200000
	Intangible assets under development	1700000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	173700000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	205200000
	Total non-current financial assets	378900000
	Deferred tax assets (net)	1556800000
	Other non-current assets	236200000
	Total non-current assets	20370800000
2	Current assets
	Inventories	0
	Current financial asset
	Current investments	1606600000
	Trade receivables, current	7697400000
	Cash and cash equivalents	4607600000
	Bank balance other than cash and cash equivalents	7100000
	Loans, current	0
	Other current financial assets	168800000
	Total current financial assets	14087500000
	Current tax assets (net)	0
	Other current assets	4171000000
	Total current assets	18258500000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	38629300000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	154700000
	Other equity	24468700000
	Total equity attributable to owners of parent	24623400000
	Non controlling interest	0
	Total equity	24623400000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3792300000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	167100000
	Total non-current financial liabilities	3959400000
	Provisions, non-current	517600000
	Deferred tax liabilities (net)	144400000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	4621400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1759400000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	2559900000
	Total Trade payable	2559900000
	Other current financial liabilities	1920700000
	Total current financial liabilities	6240000000
	Other current liabilities	2345800000
	Provisions, current	395000000
	Current tax liabilities (Net)	403700000
	Deferred government grants, Current	0
	Total current liabilities	9384500000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	14005900000
	Total equity and liabilites	38629300000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	UK & Europe operations	5409800000	19805200000
2	North America operations	2351600000	9328500000
3	AMEA	1292800000	5418600000
	Total Segment Revenue	9054200000	34552300000
	Less: Inter segment revenue
	Revenue from operations	9054200000	34552300000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	UK & Europe operations	875000000	3919400000
2	North America operations	301200000	826500000
3	AMEA	119200000	346400000
	Total Profit before tax	1295400000	5092300000
	i. Finance cost	96200000	96200000
	ii. Other Unallocable Expenditure net off Unallocable income	58700000	58700000
	Profit before tax	1140500000	4515500000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	UK & Europe operations	0	0
2	North America operations	0	0
3	AMEA	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	38629300000	38629300000
	Net Segment Asset	38629300000	38629300000
4	Segment Liabilities
	Segment Liabilities
1	UK & Europe operations	0	0
2	North America operations	0	0
3	AMEA	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	14005900000	14005900000
	Net Segment Liabilities	14005900000	14005900000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Defined benefit plan actuarial (loss)/ gain	2600000	-22700000
	Total Amount of items that will not be reclassified to profit and loss	2600000	-22700000
2	Income tax relating to items that will not be reclassified to profit or loss	-9100000	-14700000
3	Amount of items that will be reclassified to profit and loss
1	Exchange differences on translating financial statements of foreign operations	266100000	571600000
2	Effective portion of (losses) on hedging instruments in cash flow	-60200000	-102400000
3	Effective portion of (losses) on hedging instruments in cash flow hedges reclassified to profit and loss	8600000	8600000
	Total Amount of items that will be reclassified to profit and loss	214500000	477800000
4	Income tax relating to items that will be reclassified to profit or loss	-2200000	-12800000
5	Total Other comprehensive income	228400000	482600000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			4591600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			420600000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-114300000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-601500000
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			81900000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			751200000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			68000000
	Adjustments for share-based payments			87700000
	Adjustments for fair value losses (gains)			-47400000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			70000000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			580200000
	Net cash flows from (used in) operations			5171800000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			1220500000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			3951300000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			2054700000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			13000000
	Purchase of property, plant and equipment			201200000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			68000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-578500000
	Net cash flows from (used in) investing activities	-2753400000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			3200000
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			4435000000
	Repayments of borrowings			3852500000
	Payments of lease liabilities			146400000
	Dividends paid			587200000
	Interest paid			420600000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-568500000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			629400000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			167000000
	Net increase (decrease) in cash and cash equivalents			796400000
	Cash and cash equivalents cash flow statement at beginning of period			3811200000
	Cash and cash equivalents cash flow statement at end of period			4607600000