Larsen & Toubro Infotech Ltd Q1FY22 consolidated PAT rises YoY to Rs. 496.3 crores

Larsen & Toubro Infotech Ltd has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.3584.1 crores during the period ended June 30, 2021 as compared to Rs.3372.4 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.496.3 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.545.2 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.28.27 for the period ended June 30, 2021 as compared to Rs.31.04 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 3584.1 crs	₹ 3372.4 crs	6.28%
Net Profit	₹ 496.3 crs	₹ 545.2 crs	-8.97%
EPS	₹ 28.27	₹ 31.04	-8.92%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.3584.1 crores during the period ended June 30, 2021 as compared to Rs.3015 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.496.3 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.416.6 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.28.27 for the period ended June 30, 2021 as compared to Rs.23.74 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 3584.1 crs	₹ 3015 crs	18.88%
Net Profit	₹ 496.3 crs	₹ 416.6 crs	19.13%
EPS	₹ 28.27	₹ 23.74	19.08%

"We are pleased to report our best ever Q1 sequential growth of 5.1% driven by holistic growth across our verticals, service lines, client pyramid and geographies. Our healthy pipeline and continued strong demand makes us confident of our future growth.

Q1 also marks the 5-year anniversary of LTI's IPO and our Board has declared a special dividend to commemorate this occasion. Over these past 5 years, we have delivered USD revenue CAGR of 13.5% and more than doubled our net profit. I am proud of how we continue to innovate and deliver year on year industry leading growth. I am also excited as we strengthen our digital engineering capabilities welcoming Cuelogic Technologies to the LTI family."

Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.4417.3 as compared to the previous close of Rs. 4220.65. The total number of shares traded during the day was 174472 in over 26225 trades.

The stock hit an intraday high of Rs. 4600 and intraday low of 4250. The net turnover during the day was Rs. 775343290.

Source : Equity Bulls

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