L&T INFOTECH Announces Quarterly Results (2QFY21); Net Profit Up 26.7%

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L&T INFOTECH Announces Quarterly Results (2QFY21); Net Profit Up 26.7%
Wed, 21 Oct

L&T INFOTECH has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

L&T INFOTECH Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m25,70727,64629,9848.5%16.6%
Other incomeRs m937649367-43.5%-60.8%
TurnoverRs m26,64428,29530,3517.3%13.9%
ExpensesRs m21,05122,20223,1294.2%9.9%
Gross profitRs m4,6565,4446,85525.9%47.2%
DepreciationRs m66360789948.1%35.6%
InterestRs m1961851923.8%-2.0%
Profit before taxRs m4,7345,3016,13115.7%29.5%
TaxRs m1,1301,3311,56317.4%38.3%
Profit after taxRs m3,6043,9704,56815.1%26.7%
Gross profit margin%18.119.722.9
Effective tax rate%23.925.125.5
Net profit margin%13.514.015.1
* 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 16.6% on a year-on-year (YoY) basis. The expenses were up by 9.9% YoY during the same period.
  • The company's operating profit increased by 47.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 2QFY21 as against 18.1% in 2QFY20.
  • Depreciation charges increased by 35.6% and finance costs declined by 2.0% YoY, respectively.
  • Other income declined by 60.8% YoY during the quarter.
  • Net profit for the quarter increased by 26.7% YoY. Net profit margins during the quarter increased from 13.5% in 2QFY20 to 15.1% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.2% QoQ during the same period.
  • The company's operating profit increased by 25.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 2QFY21 as against 19.7% in 1QFY20.
  • Net profit for the quarter increased by 15.1% QoQ, while net profit margins increased from 14.0% in 1QFY20 to 15.1% in 2QFY21.

To see how L&T INFOTECH has performed over the last eight quarters,please visit here.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

L&T INFOTECH Share Price Performance

Over the last one year, L&T INFOTECH share price has moved up from Rs 1,612.0 to Rs 3,124.0, registering a Gain of Rs 1,512.0 or around 93.8%.

Meanwhile, the S&P BSE IT Index is trading at Rs 22,066.9 (up 0.1%). Over the last one year it has moved up from 15,453.6 to 22,066.9, a gain of 6,613 points (up 42.8%).

Overall, the S&P BSE SENSEX is up 5.0% over the year.

Current Valuations

At the current price of Rs 3,124.0, the price to earnings (P/E) ratio of L&T INFOTECH stands at 32.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 11.1 times.

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L&T INFOTECH Announces Quarterly Results (3QFY21); Net Profit Up 37.9% (Quarterly Result Update)

Jan 20, 2021 | Updated on Jan 20, 2021

For the quarter ended December 2020, L&T INFOTECH has posted a net profit of Rs 5 bn (up 37.9% YoY). Sales on the other hand came in at Rs 32 bn (up 12.2% YoY). Read on for a complete analysis of L&T INFOTECH's quarterly results.

L&T INFOTECH LTD Announces Quarterly Results (4QFY20); Net Profit Up 12.9% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, L&T INFOTECH LTD has posted a net profit of Rs 4 bn (up 12.9% YoY). Sales on the other hand came in at Rs 30 bn (up 21.2% YoY). Read on for a complete analysis of L&T INFOTECH LTD's quarterly results.

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