Birlasoft Ltd Q1FY21 consolidated PAT at Rs. 56.34 crore

Birlasoft 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.906.50 crores during the period ended June 30, 2020 as compared to Rs.925.97 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.56.34 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.69.04 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.01 for the period ended June 30, 2020 as compared to Rs.2.47 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 906.50 crs	₹ 925.97 crs	-2.1%
Net Profit	₹ 56.34 crs	₹ 69.04 crs	-18.4%
EPS	₹ 2.01	₹ 2.47	-18.62%

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

The company has reported total income of Rs.906.50 crores during the period ended June 30, 2020 as compared to Rs.785.63 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.56.34 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.41.80 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.01 for the period ended June 30, 2020 as compared to Rs.1.50 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 906.50 crs	₹ 785.63 crs	15.39%
Net Profit	₹ 56.34 crs	₹ 41.80 crs	34.78%
EPS	₹ 2.01	₹ 1.50	34%

Dharmender Kapoor, Managing Director and Chief Executive Officer, Birlasoft, said, "Our Q1 results were better than what we had expected at the beginning of this pandemic quarter. Our healthy deal wins of $ 179.7 M and good pipeline across verticals and horizontals, coupled with strong cash collections is a testimony to the trust shown in us. With the key objectives of ensuring our employees safety and partnering with our customers to stabilize their business and get them up to speed, we were quick in launching a few Digitalized Covid-19 solutions, like intelliOpen™ for employee health and safety, and Supplier Risk Radar, an Analytics solution to predict financial health of suppliers, to address our customer needs. Our focus will remain to work closely with our customers and partners and aid them in their initiatives to accelerate their success in the post-pandemic world."

Shares of Birlasoft Ltd was last trading in BSE at Rs.125.25 as compared to the previous close of Rs. 122.4. The total number of shares traded during the day was 144531 in over 2310 trades.

The stock hit an intraday high of Rs. 127.25 and intraday low of 122.7. The net turnover during the day was Rs. 18041274.

Source : Equity Bulls

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