Larsen & Toubro Infotech Ltd Q3FY21 consolidated PAT at Rs. 518.7 crore

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

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3221.7 crores during the period ended December 31, 2020 as compared to Rs.3035.1 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.518.7 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.455.6 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.29.53 for the period ended December 31, 2020 as compared to Rs.25.95 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 3221.7 crs	₹ 3035.1 crs	6.15%
Net Profit	₹ 518.7 crs	₹ 455.6 crs	13.85%
EPS	₹ 29.53	₹ 25.95	13.8%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.3221.7 crores during the period ended December 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.518.7 crores for the period ended December 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.29.53 for the period ended December 31, 2020 as compared to Rs.21.50 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 3221.7 crs	₹ 2875.3 crs	12.05%
Net Profit	₹ 518.7 crs	₹ 377.3 crs	37.48%
EPS	₹ 29.53	₹ 21.50	37.35%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.9271.8 crores during the 9 months period ended December 31, 2020 as compared to Rs.8125.7 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.1390.9 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.1093.2 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.79.22 for the 9 months period ended December 31, 2020 as compared to Rs.62.31 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 9271.8 crs	₹ 8125.7 crs	14.1%
Net Profit	₹ 1390.9 crs	₹ 1093.2 crs	27.23%
EPS	₹ 79.22	₹62.31	27.14%

"We are pleased to deliver a strong quarter with 5.8% QoQ growth in USD revenues. This has been driven by healthy growth momentum across our portfolio. We continue to see strong demand for cloud-based IT solutions. Our tier 1 level partnership with the hyperscalers enables us to work closely on client outcomes and go-to-market opportunities.

We are happy to announce two large deals with cumulative net new TCV of USD 278 million. We remain focused on building and scaling differentiated capabilities. A healthy deal pipeline and sustained client mining make us optimistic about the future." - Sanjay Jalona, Chief Executive Officer & Managing Director.

Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.4093.1 as compared to the previous close of Rs. 4015.6. The total number of shares traded during the day was 12873 in over 3194 trades.

The stock hit an intraday high of Rs. 4168 and intraday low of 3814.8. The net turnover during the day was Rs. 52890679.

Source : Equity Bulls

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