Stock Report

Allsec Technologies Ltd Q1FY21 consolidated PAT lower at Rs. 6.03 crore



Posted On : 2020-07-21 19:51:48( TIMEZONE : IST )

Allsec Technologies Ltd Q1FY21 consolidated PAT lower at Rs. 6.03 crore

ALLSEC TECHNOLOGIES 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.65.05 crores during the period ended June 30, 2020 as compared to Rs.71.94 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.6.03 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.10.88 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.3.96 for the period ended June 30, 2020 as compared to Rs.7.14 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 65.05 crs₹ 71.94 crsDown Tick -9.58%
Net Profit₹ 6.03 crs₹ 10.88 crsDown Tick -44.58%
EPS₹ 3.96₹ 7.14Down Tick -44.54%

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

The company has reported total income of Rs.65.05 crores during the period ended June 30, 2020 as compared to Rs.73.38 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.6.03 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.12.08 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.3.96 for the period ended June 30, 2020 as compared to Rs.7.93 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 65.05 crs₹ 73.38 crsDown Tick -11.35%
Net Profit₹ 6.03 crs₹ 12.08 crsDown Tick -50.08%
EPS₹ 3.96₹ 7.93Down Tick -50.06%

Commenting on the performance, Mr. Suraj Moraje, Non-Executive Director said, "The Allsec team has shown admirable resilience in an unprecedented quarter, focusing on employees and customers to minimize disruptions, while rapidly upgrading our technology. The HRO business showcased its BCP capabilities by delivering more than 2.5 million payslips despite global lockdowns, while the CLM business is starting to bounce back. We remain optimistic about the fundamentals of this business and its trajectory going forward."

Shares of ALLSEC TECHNOLOGIES LTD. was last trading in BSE at Rs.208 as compared to the previous close of Rs. 205.95. The total number of shares traded during the day was 490 in over 101 trades.

The stock hit an intraday high of Rs. 226.45 and intraday low of 207.55. The net turnover during the day was Rs. 103681.

Source : Equity Bulls

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