IT firm Mastek today reported a 24.8 per cent decline in its net profit at Rs 23.54 crore for the quarter ended December 31, 2009, while it had a net profit of Rs 31.33 crore in the same period previous fiscal.

"The results of the current quarter includes the performance of the newly acquired business on September 1, 2009 and are therefore not comparable to previous quarter," Mastek said in a filing to the Bombay Stock Exchange (BSE).

BSE  |  NSE Price

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The board of directors of the company have proposed an interim dividend of Rs 2 per equity share for the financial year 2009-10.

Shares of Mastek today closed at Rs 398 on the BSE, down 0.55 per cent from its previous close.

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