Mastek announced that the Board of Directors of the Company at its meeting held on 26 April 2024, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 240%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Mastek rose 26.86% to Rs 92.06 crore in the quarter ended March 2024 as against Rs 72.57 crore during the previous quarter ended March 2023. Sales rose 9.95% to Rs 779.73 crore in the quarter ended March 2024 as against Rs 709.18 crore during the previous quarter ended March 2023.For the full year,net profit rose 2.48% to Rs 300.29 crore in the year ended March 2024 as against Rs 293.01 crore during the previous year ended March 2023. Sales rose 19.17% to Rs 3054.79 crore in the year ended March 2024 as against Rs 2563.39 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales779.73709.18 10 3054.792563.39 19 OPM %16.0517.70 -16.6517.78 - PBDT121.34115.85 5 480.21469.42 2 PBT93.8596.25 -2 390.30402.05 -3 NP92.0672.57 27 300.29293.01 2 Powered by Capital Market - Live News

Mastek announced that it has won the multi-tower deal from Yanbu Cement Company (YCC) to optimize the efficiency of YCC`s production line. YCC, a pioneer in the cement industry in the Kingdom of Saudi Arabia (KSA), embarked on a digital & cloud transformation journey with Mastek in 2022, aligning with Saudi Arabia`s Vision 2030 and Smart Industry 4.0 initiatives.Following the execution of multiple back office and Enterprise Resource Planning (ERP) transformation programs in the first phase, Mastek will kick-off the second phase, focusing on automating YCC`s front office operations and streamlining the lead-to-cash cycle. By leveraging the Oracle Fusion stack across integrated layers of ERP systems, Mastek will enable YCC to improve customer & employee experience, reduce order fulfilment turnaround time (TAT), optimize material loading & dispatch processes, and enhance quality with governance excellence. During the initial phase, Mastek transformed YCC`s EBS-based infrastructure to Oracle Fusion Cloud. An extensive suite of Oracle Cloud modules were implemented, such as Human Capital Management (HCM), Enterprise Planning & Budgeting Cloud Service (EPBCS), Profitability & Cost Management Cloud Service (PCMCS), and Oracle Maintenance Cloud. The project marks a significant achievement for Mastek as it expands its revenue streams through CX Transformation, EX Transformation & Industrial Edge offerings, and is poised to tap into new market potential. With an increased focus on CX, EX & connected enterprise solutions Mastek aims to strengthen its footprint as a digital transformation leader in the Middle East region.Key RoIe to be delivered to YCC: � Improves customer experience, and order fulfillment cycle by developing a customer portal for seamless order capturing & fulfillment visibility with Oracle CRM Stack for sales team management integrated with Oracle Fusion ERP components. � Improve Quality, Governance & Visibility around Supply Chain, Finance & Procurement with Oracle Fusion Suite (Finance, SCM, EPM etc.) � Deploy an IoT-enabled solution to optimize truck/vehicle alignment during material loading. � Leverage existing accelerators like Mastek`s VolteoEdge platform to integrate web and mobile sales apps with YCC`s Oracle ERP system.Powered by Capital Market - Live News

Mastek has revised the meeting of the Board of Directors which was scheduled to be held on 18 April 2024. The meeting will now be held on 26 April 2024.Powered by Capital Market - Live News

Mastek announced that it has been awarded a place on Lot 1: Solution, Enterprise & Tech Architecture, Data, Innovation, Tech Assurance, and Knowledge & Information Management of the UK Ministry Of Defence`s (MOD) Digital and IT Professional Services (DIPS) framework. Mastek will also be a subcontractor for Qinetiq on Lot 2: Dev, Aps, UX, Dev Ops, Sys Design, and App Support, and on Lot 3: Cyber Security, Crypto, Sec Ops, and Integrated Systems. Crown Commercial Service (CCS) assisted MOD in the production of the DIPS framework and became the framework authority upon go-live with MOD responsible for all customer engagement. The DIPS framework is due to run for four years. Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2022/23, CCS helped the public sector achieve commercial benefits equal to �3.8bn, supporting world-class public services that offer the best value for taxpayers.The comprehensive DIPS framework will support and enable the MOD with its digital strategy in the areas of data, modern technology, cyber defence, and digital delivery of capability that is relevant, cost-competitive, and on time to meet the demands of Defence`s transformation objectives.The DIPS Framework is strongly aligned with the ongoing transformation objectives at Defence Digital and will allow MOD access to a wide range of industry skills through pre-defined terms and conditions. It will help with a shorter time to market, provide improved delivery and reporting, and provide value for money. The DIPS framework has a budget of approximately �1.2bn over 4 years.Mastek has been a trusted supplier to the MOD since 2017 and continues to invest in developing their mission-critical capabilities in the areas of strategy, digital & cloud applications, architecture, security, identity management, DevSecOps using agile delivery models, and data exploitation. The DIPS Framework will provide a key route to the market for these capabilities in Defence.Powered by Capital Market - Live News