Larsen & Toubro Infotech Ltd posts Rs. 426.7 crore consolidated PAT in Q4 FY2020

Larsen & Toubro Infotech Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.3082.1 crores during the period ended March 31, 2020 as compared to Rs.2875.3 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.426.7 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.377.3 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.24.30 for the period ended March 31, 2020 as compared to Rs.21.50 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 3082.1 crs	₹ 2875.3 crs	7.19%
Net Profit	₹ 426.7 crs	₹ 377.3 crs	13.09%
EPS	₹ 24.30	₹ 21.50	13.02%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.3082.1 crores during the period ended March 31, 2020 as compared to Rs.2553.4 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.426.7 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.378.9 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.24.30 for the period ended March 31, 2020 as compared to Rs.21.60 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 3082.1 crs	₹ 2553.4 crs	20.71%
Net Profit	₹ 426.7 crs	₹ 378.9 crs	12.62%
EPS	₹ 24.30	₹ 21.60	12.5%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.11207.8 crores during the 12 months period ended March 31, 2020 as compared to Rs.9748.1 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1520.1 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.1515.9 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.86.61 for the 12 months period ended March 31, 2020 as compared to Rs.86.43 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 11207.8 crs	₹ 9748.1 crs	14.97%
Net Profit	₹ 1520.1 crs	₹ 1515.9 crs	0.28%
EPS	₹ 86.61	₹86.43	0.21%

Sanjay Jalona, Chief Executive Officer & Managing Director said, "We are extremely proud of the strong work ethic of LTItes who rose to the challenge of an unparalleled global pandemic, exceeding client expectations and earning their trust.

Our resilient business model, comprehensive digital transformation capabilities and flawless execution helped us to deliver fourth consecutive year of industry leading double-digit revenue growth in FY20. We are also pleased to announce two large deals in Q4 with net-new TCV in excess of US$100 million, culminating in a record 8 large deal wins for us in FY20.

With strong order wins, healthy revenue momentum and client centric growth strategy, we shall confront near term demand challenges and emerge stronger."

Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.1662.65 as compared to the previous close of Rs. 1645.15. The total number of shares traded during the day was 2605 in over 589 trades.

The stock hit an intraday high of Rs. 1675 and intraday low of 1625. The net turnover during the day was Rs. 4317117.

Source : Equity Bulls

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