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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

L&T INFOTECH Announces Quarterly Results (3QFY21); Net Profit Up 37.9%
Wed, 20 Jan

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

L&T INFOTECH Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m28,11129,98431,5285.1%12.2%
Other incomeRs m64236768987.7%7.3%
TurnoverRs m28,75330,35132,2176.1%12.0%
ExpensesRs m22,83423,12924,2074.7%6.0%
Gross profitRs m5,2776,8557,3216.8%38.7%
DepreciationRs m709899819-8.9%15.5%
InterestRs m2121921972.6%-7.1%
Profit before taxRs m4,9986,1316,99414.1%39.9%
TaxRs m1,2311,5631,80115.2%46.3%
Profit after taxRs m3,7674,5685,19313.7%37.9%
Gross profit margin%18.822.923.2
Effective tax rate%24.625.525.8
Net profit margin%13.115.116.1
* 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 12.2% on a year-on-year (YoY) basis. The expenses were up by 6.0% YoY during the same period.
  • The company's operating profit increased by 38.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.2% in 3QFY21 as against 18.8% in 3QFY20.
  • Depreciation charges increased by 15.5% and finance costs declined by 7.1% YoY, respectively.
  • Other income increased by 7.3% YoY during the quarter.
  • Net profit for the quarter increased by 37.9% YoY. Net profit margins during the quarter increased from 13.1% in 3QFY20 to 16.1% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.7% QoQ during the same period.
  • The company's operating profit increased by 6.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.2% in 3QFY21 as against 22.9% in 2QFY20.
  • Net profit for the quarter increased by 13.7% QoQ, while net profit margins increased from 15.1% in 2QFY20 to 16.1% in 3QFY21.

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 1,894.3 to Rs 4,114.0, registering a Gain of Rs 2,219.8 or around 117.2%.

Meanwhile, the S&P BSE IT Index is trading at Rs 26,446.1 (up 1.3%). Over the last one year it has moved up from 15,977.4 to 26,446.1, a gain of 10,469 points (up 65.5%).

Overall, the S&P BSE SENSEX is up 19.5% over the year.

Current Valuations

At the current price of Rs 4,114.0, the price to earnings (P/E) ratio of L&T INFOTECH stands at 39.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.6 times.

Equitymaster requests your view! Post a comment on "L&T INFOTECH Announces Quarterly Results (3QFY21); Net Profit Up 37.9%". Click here!

  

Related Views on News

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

Oct 21, 2020 | Updated on Oct 21, 2020

For the quarter ended September 2020, L&T INFOTECH has posted a net profit of Rs 5 bn (up 26.7% YoY). Sales on the other hand came in at Rs 30 bn (up 16.6% 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.

More Views on News

Most Popular

A Critical Update on the Market(Fast Profits Daily)

Mar 30, 2021

In this video, I'll tell you why I am recommending caution in the market at this time.

My Recent Recommendation Will Profit from the Global Supply Chain Crisis(Profit Hunter)

Mar 31, 2021

A tiny chemical company, started in the Licence Raj era, is a great example of a new wealth creating opportunity.

My Stock Trading Strategy(Fast Profits Daily)

Mar 31, 2021

In this video I'll show you exactly how I go about picking stocks for trading.

What You Need to Find Hundred Baggers(Profit Hunter)

Mar 30, 2021

100 baggers of the last decade share this common trait. Here's how to use it to nail future multibaggers.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

L&T INFOTECH SHARE PRICE


Apr 9, 2021 (Close)

TRACK L&T INFOTECH

  • Track your investment in L&T INFOTECH with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

L&T INFOTECH - IBM COMPARISON

COMPARE L&T INFOTECH WITH

MARKET STATS