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

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L&T INFOTECH LTD Announces Quarterly Results (4QFY20); Net Profit Up 12.9%
Thu, 21 May

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

L&T INFOTECH LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m24,86028,11130,1197.1%21.2%
Other incomeRs m6746427029.3%4.2%
TurnoverRs m25,53428,75330,8217.2%20.7%
ExpensesRs m20,09422,83424,3396.6%21.1%
Gross profitRs m4,7665,2775,7809.5%21.3%
DepreciationRs m3717097475.4%101.3%
InterestRs m282122214.2%689.3%
Profit before taxRs m5,0414,9985,51410.3%9.4%
TaxRs m1,2561,2311,2390.6%-1.4%
Profit after taxRs m3,7853,7674,27513.5%12.9%
Gross profit margin%19.218.819.2
Effective tax rate%24.924.622.5
Net profit margin%14.813.113.9
* 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 21.2% on a year-on-year (YoY) basis. The expenses were up by 21.1% YoY during the same period.
  • The company's operating profit increased by 21.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 19.2% in 4QFY20.
  • Depreciation charges increased by 101.3% and finance costs increased by 689.3% YoY, respectively.
  • Other income increased by 4.2% YoY during the quarter.
  • Net profit for the quarter increased by 12.9% YoY. Net profit margins during the quarter declined from 14.8% in 4QFY19 to 13.9% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.6% QoQ during the same period.
  • The company's operating profit increased by 9.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.2% in 4QFY20 as against 18.8% in 3QFY19.
  • Net profit for the quarter increased by 13.5% QoQ, while net profit margins increased from 13.1% in 3QFY19 to 13.9% in 4QFY20.

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

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L&T INFOTECH LTD Share Price Performance

Over the last one year,L&T INFOTECH LTD share price has moved down from Rs 1,773.1 to Rs 1,772.2, registering a Loss of Rs 0.9 or around 0.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 13,625.1 (down 0.2%). Over the last one year it has moved down from 15,299.9 to 13,625.1, a loss of 1,675 points (down 10.9%).

Overall, the S&P BSE SENSEX is down 21.3% over the year.

Current Valuations

At the current price of Rs 1,772.2, the price to earnings (P/E) ratio of L&T INFOTECH LTD stands at 20.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

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