Invest wise with Expert advice

L-;T Infotech Q4 net profit up 16.84% at Rs637cr as number of active clients surges 15.4% yoy

19 Apr 2022 , 07:14 PM

L&T Infotech reported 31.57% growth in total sales revenues for the Mar-22 quarter on consolidated basis at Rs4,301.60cr. However, due to cross currency headwinds, the constant currency growth in revenues in Q4 stood lower at 29% yoy.

On a sequential basis, the revenues were up by 3.96% but in constant currency terms it stood at 3.6%. In terms of vertical mix, BFSI accounted for 46.1% of revenues, manufacturing 16.8%, Hitech, Media, Entertainment 11.7% and CPG,

Retail 10.3%. In terms of geography mix, North America accounted for 65.6% followed by Europe at 16.2%, India at 9.9% and rest of the world 8.8%.

For the Mar-22 quarter, the consolidated operating profits were up 19.05% at Rs861.80cr. For Q4 L&T Infotech reported operating margins of 20.03% (lower 211 bps yoy and 46 bps qoq).

The contribution of the top 10 clients stood at 40.4% while that of top 20 clients stood at 55.8% revenues. LTI added 25 fresh clients in the Q4 with 8 additions to the $50 million plus category and 1 to the $100 million plus category.

The utilization rate including trainees stood at 80.1% for the quarter. The attrition for LTI has gone up sharply from 12.3% last year to 24% in the current Mar-22 quarter.

The consolidated Profit after tax (PAT) for the Mar-22 quarter was up 16.84% at Rs637cr on the back of robust growth in orders and client overall. PAT margins tapered from 16.68% in the Mar-21 quarter to 14.81% in the Mar-22 quarter. Even on a sequential basis, the net profit margins were higher by 2 basis points.

Financial highlights for Mar-22 compared yoy and sequentially

	L&T Infotech
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 4,301.60	₹ 3,269.40	31.57%	₹ 4,137.60	3.96%
EBITDA (Rs cr)	₹ 861.80	₹ 723.90	19.05%	₹ 847.70	1.66%
Net Profit (Rs cr)	₹ 637.00	₹ 545.20	16.84%	₹ 612.00	4.08%

Diluted EPS (Rs)	₹ 36.27	₹ 31.04		₹ 34.87
EBITDA Margins	20.03%	22.14%		20.49%
Net Margins	14.81%	16.68%		14.79%