BIRLASOFT Announces Quarterly Results (4QFY21); Net Profit Up 43.3%

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BIRLASOFT Announces Quarterly Results (4QFY21); Net Profit Up 43.3%
Fri, 9 Jul

BIRLASOFT has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

BIRLASOFT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m9,0718,8089,0292.5%-0.5%
Other incomeRs m18915651-67.3%-73.1%
TurnoverRs m9,2608,9649,0791.3%-1.9%
ExpensesRs m7,9037,3637,5051.9%-5.0%
Gross profitRs m1,1671,4441,5245.5%30.5%
DepreciationRs m214202178-12.1%-16.8%
InterestRs m343229-8.6%-15.1%
Profit before taxRs m1,1091,3661,3680.1%23.4%
TaxRs m418402378-6.0%-9.5%
Profit after taxRs m6909649902.7%43.3%
Gross profit margin%12.916.416.9
Effective tax rate%37.729.527.7
Net profit margin%7.510.810.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.5% on a year-on-year (YoY) basis. The expenses were down by 5.0% YoY during the same period.
  • The company's operating profit increased by 30.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.9% in 4QFY21 as against 12.9% in 4QFY20.
  • Depreciation charges declined by 16.8% and finance costs declined by 15.1% YoY, respectively.
  • Other income declined by 73.1% YoY during the quarter.
  • Net profit for the quarter increased by 43.3% YoY. Net profit margins during the quarter increased from 7.5% in 4QFY20 to 10.9% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.9% QoQ during the same period.
  • The company's operating profit increased by 5.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.9% in 4QFY21 as against 16.4% in 3QFY20.
  • Net profit for the quarter increased by 2.7% QoQ, while net profit margins increased from 10.8% in 3QFY20 to 10.9% in 4QFY21.

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

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BIRLASOFT Share Price Performance

Over the last one year, BIRLASOFT share price has moved up from Rs 101.7 to Rs 388.0, registering a Gain of Rs 286.3 or around 281.5%.

Meanwhile, the S&P BSE IT Index is trading at Rs 29,644.9 (down 0.3%). Over the last one year it has moved up from 15,729.9 to 29,644.9, a gain of 13,915 points (up 88.5%).

Overall, the S&P BSE SENSEX is up 42.9% over the year.

Current Valuations

At the current price of Rs 388.0, the price to earnings (P/E) ratio of BIRLASOFT stands at 33.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.7 times.

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