Mastek Ltd has declared the results for the three month period ended December 30, 2008.

The IT and offshore outsourcing services company has recorded a 15.14 percent net profit growth despite the company’s numbers were impacted by forex losses and fall in customer demand.

The company has posted a net profit of Rs 31.3 crore as compared to Rs 27.21 crore during the same period of the last year (Dec 2007).

The company's total income during the same period came up by 24.18 percent at Rs 268.2 crore as against Rs 215.98 crore for the same period last year.

The company has declared an interim dividend of Rs 2.50 per equity share.

The company also declared that it has re-appointed Sudhakar Ram as Mastek’s chairman and managing director for two years starting from January 01, 2010 to December 31, 2011.

Radhakrishnan Sundar has been nominated as the executive director of the company for a period of three years till December 31, 2011.

For the half year ended December 31, 2008, the company's net profit zoomed 38.85 percent to Rs 72.51 crore as compared to Rs 52.22 crore for the same period a year ago.