Birlasoft Ltd Q2FY21 consolidated net profit jumps to Rs. 69.12 crore

Birlasoft Limited has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.863.88 crores during the period ended September 30, 2020 as compared to Rs.906.50 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.69.12 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.56.34 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.45 for the period ended September 30, 2020 as compared to Rs.2.01 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 863.88 crs	₹ 906.50 crs	-4.7%
Net Profit	₹ 69.12 crs	₹ 56.34 crs	22.68%
EPS	₹ 2.45	₹ 2.01	21.89%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.863.88 crores during the period ended September 30, 2020 as compared to Rs.776.28 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.69.12 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.40.82 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.45 for the period ended September 30, 2020 as compared to Rs.1.46 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 863.88 crs	₹ 776.28 crs	11.28%
Net Profit	₹ 69.12 crs	₹ 40.82 crs	69.33%
EPS	₹ 2.45	₹ 1.46	67.81%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1770.39 crores during the 6 months period ended September 30, 2020 as compared to Rs.1561.92 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.125.46 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.82.62 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.4.44 for the 6 months period ended September 30, 2020 as compared to Rs.2.96 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 1770.39 crs	₹ 1561.92 crs	13.35%
Net Profit	₹ 125.46 crs	₹ 82.62 crs	51.85%
EPS	₹ 4.44	₹2.96	50%

Dharmender Kapoor, Chief Executive Officer and Managing Director, Birlasoft, said, "Our Q2 results are a testimony to the trust that our customers have in our executional capabilities. Despite the challenging times, we have seen a positive outcome across key performance parameters such as profit, margins, utilization, deal wins, receivables, attrition, among others. With a consistent and strong record of TCV deal wins in H1 combined with a healthy pipeline, we are confident about further growth in revenues as we enter into the second half of FY21. We will continue to focus on being a trusted partner to our clients and build long term sustainable growth."

Shares of Birlasoft Limited was last trading in BSE at Rs.185.65 as compared to the previous close of Rs. 181.85. The total number of shares traded during the day was 110713 in over 2480 trades.

The stock hit an intraday high of Rs. 187.9 and intraday low of 182.6. The net turnover during the day was Rs. 20456740.

Source : Equity Bulls

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