L&T Infotech is robust

about 5 months ago
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The company posted a robust set of numbers for Q2FY21. Its consolidated net profit rose 10% (QoQ) at Rs.457 crore and total revenue rose around 2% at Rs.2998 crore.

Though sequentially, the numbers are flattish, YoY, the earnings are good with net profit showing a 27% increase and revenue by 17%.

Its EBITDA came in at Rs.686 crore, up 16% (QoQ) and up 47% (YoY). EBITDA margins were at 22.9% v/s 20.1% (QoQ).

In dollar terms, revenue was up 4% (QoQ) at $404 million while in constant currency, revenue increase was 2.3%.

In terms of revenue by verticals, BFS, energy & utilities and manufacturing showed a positive growth sequentially while others – insurance, CPG, retail and pharma and High-Tech, Media & Entertainment showed a contraction.

In terms of geography, North America generated 69% of revenue, Europe over 16%, RoW was 7.4% and India was 4.1%. The best growth in Q2 was from Europe.

It added 26 new clients in Q2 and number of active clients has gone up from 409 to 419 (QoQ).

Its total employee count is at 32,455.

The market is happy with the performance and touched an intraday day at Rs.3139, up 6%. Its 52-week high is at Rs.3515.

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