Stock Report

Larsen & Toubro Infotech Ltd Q1FY21 consolidated PAT up YoY at Rs. 416.6 crore



Posted On : 2020-07-15 20:36:15( TIMEZONE : IST )

Larsen & Toubro Infotech Ltd Q1FY21 consolidated PAT up YoY at Rs. 416.6 crore

Larsen & Toubro Infotech Ltd has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.3015 crores during the period ended June 30, 2020 as compared to Rs.3082.1 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.416.6 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.426.7 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.23.74 for the period ended June 30, 2020 as compared to Rs.24.30 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 3015 crs₹ 3082.1 crsDown Tick -2.18%
Net Profit₹ 416.6 crs₹ 426.7 crsDown Tick -2.37%
EPS₹ 23.74₹ 24.30Down Tick -2.3%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.3015 crores during the period ended June 30, 2020 as compared to Rs.2586 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.416.6 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.355.8 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.23.74 for the period ended June 30, 2020 as compared to Rs.20.29 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 3015 crs₹ 2586 crsUp Tick 16.59%
Net Profit₹ 416.6 crs₹ 355.8 crsUp Tick 17.09%
EPS₹ 23.74₹ 20.29Up Tick 17%

"COVID - 19 is a crisis unlike any other and its impact on lives and livelihoods continues to be felt across the world. I am extremely proud of our LTItes who have stood together during these times ensuring client deliveries.

In a quarter marked by a challenging environment, we have delivered revenue growth of 10.6% YoY in constant currency and closed a large deal as well.

We remain committed to exceeding client expectations in the face of this unprecedented pandemic while prioritizing the health and well-being of our people" - Sanjay Jalona, Chief Executive Officer & Managing Director.

Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.2195.5 as compared to the previous close of Rs. 2237.7. The total number of shares traded during the day was 18266 in over 2639 trades.

The stock hit an intraday high of Rs. 2308 and intraday low of 2157.75. The net turnover during the day was Rs. 41115065.

Source : Equity Bulls

Keywords