Q2FY20 Earnings Report Of Larsen & Toubro Infotech Ltd - HDFC Securities
Trends in Sales and Margins
Revenue grew by 3.45% to Rs. 2570.7 Cr in Q2FY20 when compared to the previous quarter. Also, it grew by 10.27% when compared with Q2FY19. The Sales had been increasing from Q3FY19 to Q4FY19. It displayed an erratic but increasing trend from Q3FY19 to Q2FY20
EBITDA was Rs. 559.3 Cr for Q2FY20, a rise of 0.05% compared to Q1FY20.It fell by 2.88% compared to Q2FY19 . The EBITDA had been increasing from Q4FY19 to Q2FY20. The EBITDA decreased in Q3FY19. PAT for Q2FY20 was Rs. 360.4 Cr, a rise of 1.32% when compared to Q1FY20 . It displayed an erratic but decreasing trend from Q2FY19 to Q2FY20.
Trend of Employee Expenses
The EBITDA Margin fell to 21.8% in Q2FY20, a drop of 70.0 bps compared to the last quarter. It was due to the rise in employee expenses as a proportion of sales. The EBITDA Margin was 24.7% same quarter last year. PAT Margin fell from 14.3% in Q1FY20 to 14.0% this quarter. It fell due to the drop in EBITDA Margin and depreciation.
The EPS grew this quarter to Rs. 20.5 from Rs. 20.3 in Q1FY20. In Q2FY19 it was Rs. 22.6.
The stock price of Larsen & Toubro Infotech Ltd decreased from Rs. 1829.2 to Rs. 1498.9 when compared to the previous quarter.
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