BIRLASOFT Announces Quarterly Results (4QFY20); Net Profit Up 4.5%

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Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

BIRLASOFT Announces Quarterly Results (4QFY20); Net Profit Up 4.5%
Thu, 21 May

BIRLASOFT has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

BIRLASOFT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m7,8838,3339,0718.9%15.1%
Other incomeRs m1701781896.2%11.5%
TurnoverRs m8,0528,5119,2608.8%15.0%
ExpensesRs m7,2627,2587,9038.9%8.8%
Gross profitRs m7971,0751,1678.6%46.5%
DepreciationRs m1302012146.5%64.9%
InterestRs m284034-15.8%22.9%
Profit before taxRs m8091,0111,1099.6%37.1%
TaxRs m14828541846.9%182.1%
Profit after taxRs m661727690-5.0%4.5%
Gross profit margin%10.112.912.9
Effective tax rate%18.328.137.7
Net profit margin%8.28.57.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.1% on a year-on-year (YoY) basis. The expenses were up by 8.8% YoY during the same period.
  • The company's operating profit increased by 46.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 4QFY20 as against 10.1% in 4QFY19.
  • Depreciation charges increased by 64.9% and finance costs increased by 22.9% YoY, respectively.
  • Other income increased by 11.5% YoY during the quarter.
  • Net profit for the quarter increased by 4.5% YoY. Net profit margins during the quarter declined from 8.2% in 4QFY19 to 7.5% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.9% QoQ during the same period.
  • The company's operating profit increased by 8.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 4QFY20 as against 12.9% in 3QFY19.
  • Net profit for the quarter declined by 5.0% QoQ, while net profit margins declined from 8.5% in 3QFY19 to 7.5% in 4QFY20.

To see how BIRLASOFT has performed over the last eight quarters,please visit here.

Learn: How to Potentially Accumulate Rs 7 Crore in Wealth Over the Long-term

BIRLASOFT Share Price Performance

Over the last one year,BIRLASOFT share price has moved down from Rs 86.7 to Rs 76.6, registering a Loss of Rs 10.1 or around 11.6%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,861.4 (up 1.5%). Over the last one year it has moved down from 15,299.9 to 13,861.4, a loss of 1,438 points (down 9.4%).

Overall, the S&P BSE SENSEX is down 21.1% over the year.

Current Valuations

At the current price of Rs 76.6, the price to earnings (P/E) ratio of BIRLASOFT stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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