Net sales (including other operating income) of Larsen & Toubro Infotech has increased 9.84% to Rs 4137.6 crore.  

Operating profit margin has jumped from 19.46% to 20.09%, leading to 13.35% rise in operating profit to Rs 831.10 crore.  Employee cost decreased from 62.89% to 60.82%.   Other expenses rose from 17.64% to 19.10%.   Other direct service cost rose from 15.97% to 17.70%.   

Other income fell 10.16% to Rs 99.9 crore.  PBIDT rose 10.26% to Rs 912.2 crore.  Provision for interest rose 8.05% to Rs 18.8 crore.  

PBDT rose 10.30% to Rs 912.2 crore.  Provision for depreciation rose 4.12% to Rs 88.5 crore.  

Profit before tax grew 11.01% to Rs 823.70 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 211.2 crore, compared to Rs 190.3 crore.  Effective tax rate was 25.64% compared to 25.65%.

Minority interest increased 150% to Rs 0.50 crore.  Net profit attributable to owners of the company increased 10.97% to Rs 612.00 crore.  

Promoters' stake was 74.07% as of 31 December 2021 ,compared to 74.09% as of 30 September 2021 .  

Consolidated Quarterly Result YoY comparison

Net sales (including other operating income) of Larsen & Toubro Infotech has increased 31.24% to Rs 4137.6 crore.  Sales of Banking Financial Services segment has gone up 32.58% to Rs 1,908.00 crore (accounting for 46.11% of total sales).  Sales of Manufacturing segment has gone up 32.16% to Rs 701.90 crore (accounting for 16.96% of total sales).  Sales of Energy & Utilities segment rose 14.56% to Rs 362.70 crore (accounting for 8.77% of total sales).  Sales of High Tech Media & Entertainment segment has gone up 46.50% to Rs 489.60 crore (accounting for 11.83% of total sales).  Sales of CPG Retail Pharma segment has gone up 27.00% to Rs 675.40 crore (accounting for 16.32% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 15.05% to Rs 847.70 crore.  PBIT of Banking Financial Services segment rose 12.40% to Rs 401.60 crore (accounting for 47.38% of total PBIT).  PBIT of Manufacturing segment rose 7.10% to Rs 147.90 crore (accounting for 17.45% of total PBIT).  PBIT of Energy & Utilities segment fell 1.69% to Rs 69.80 crore (accounting for 8.23% of total PBIT).  PBIT of High Tech Media & Entertainment segment rose 23.57% to Rs 99.10 crore (accounting for 11.69% of total PBIT).  PBIT of CPG Retail Pharma segment rose 43.35% to Rs 129.30 crore (accounting for 15.25% of total PBIT).  

PBIT margin of Banking Financial Services segment fell from 24.83% to 21.05%.  PBIT margin of Manufacturing segment fell from 26.00% to 21.07%.  PBIT margin of Energy & Utilities segment fell from 22.43% to 19.24%.  PBIT margin of High Tech Media & Entertainment segment fell from 24.00% to 20.24%.  PBIT margin of CPG Retail Pharma segment rose from 16.96% to 19.14%.  Overall PBIT margin fell from 23.37% to 20.49%.  

Operating profit margin has declined from 23.22% to 20.09%, leading to 13.52% rise in operating profit to Rs 831.10 crore.  Employee cost increased from 58.36% to 60.82%.   Other expenses rose from 18.42% to 19.10%.   Other direct service cost rose from 16.94% to 17.70%.   

Other income rose 44.99% to Rs 99.9 crore.  PBIDT rose 16.23% to Rs 931 crore.  Provision for interest fell 4.57% to Rs 18.8 crore.  

PBDT rose 16.75% to Rs 912.2 crore.  Provision for depreciation rose 8.06% to Rs 88.5 crore.  

Profit before tax grew 17.77% to Rs 823.70 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 211.2 crore, compared to Rs 180.1 crore.  Effective tax rate was 25.64% compared to 25.75%.

Minority interest decreased 16.67% to Rs 0.50 crore.  Net profit attributable to owners of the company increased 17.99% to Rs 612.00 crore.  

Promoters' stake was 74.07% as of 31 December 2021 ,compared to 74.31% as of 31 December 2020 .  

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Larsen & Toubro Infotech has increased 24.91% to Rs 11367.1 crore.  Sales of Banking Financial Services segment has gone up 27.45% to Rs 5,278.20 crore (accounting for 46.43% of total sales).  Sales of Manufacturing segment has gone up 21.94% to Rs 1,808.50 crore (accounting for 15.91% of total sales).  Sales of Energy & Utilities segment rose 6.53% to Rs 1,014.00 crore (accounting for 8.92% of total sales).  Sales of High Tech Media & Entertainment segment has gone up 41.02% to Rs 1,400.00 crore (accounting for 12.32% of total sales).  Sales of CPG Retail Pharma segment has gone up 21.88% to Rs 1,866.40 crore (accounting for 16.42% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 11.31% to Rs 2,250.20 crore.  PBIT of Banking Financial Services segment rose 15.14% to Rs 1,081.70 crore (accounting for 48.07% of total PBIT).  PBIT of Manufacturing segment rose 0.78% to Rs 386.90 crore (accounting for 17.19% of total PBIT).  PBIT of Energy & Utilities segment fell 1.83% to Rs 198.40 crore (accounting for 8.82% of total PBIT).  PBIT of High Tech Media & Entertainment segment rose 9.22% to Rs 235.80 crore (accounting for 10.48% of total PBIT).  PBIT of CPG Retail Pharma segment rose 24.03% to Rs 347.40 crore (accounting for 15.44% of total PBIT).  

PBIT margin of Banking Financial Services segment fell from 22.69% to 20.49%.  PBIT margin of Manufacturing segment fell from 25.88% to 21.39%.  PBIT margin of Energy & Utilities segment fell from 21.23% to 19.57%.  PBIT margin of High Tech Media & Entertainment segment fell from 21.75% to 16.84%.  PBIT margin of CPG Retail Pharma segment rose from 18.29% to 18.61%.  Overall PBIT margin fell from 22.21% to 19.80%.  

Operating profit margin has declined from 22.08% to 19.46%, leading to 10.07% rise in operating profit to Rs 2,212.00 crore.  Employee cost increased from 59.81% to 62.41%.   Other expenses rose from 18.10% to 18.13%.   Other direct service cost rose from 16.46% to 16.49%.   

Other income rose 94.11% to Rs 332.7 crore.  PBIDT rose 16.67% to Rs 2544.7 crore.  Provision for interest fell 9.87% to Rs 53.9 crore.  

PBDT rose 17.42% to Rs 2490.8 crore.  Provision for depreciation rose 1.24% to Rs 253 crore.  

Profit before tax grew 19.58% to Rs 2,237.80 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 576.8 crore, compared to Rs 478.9 crore.  Effective tax rate was 25.78% compared to 25.59%.

Minority interest decreased 25% to Rs 1.20 crore.  Net profit attributable to owners of the company increased 19.33% to Rs 1,659.80 crore.  

Promoters' stake was 74.07% as of 31 December 2021 ,compared to 74.31% as of 31 December 2020 .  

Yearly performance

Net Sale for the period was up by 14%YoY to Rs 12369.8 crore. In USD terms the revenue was up by 10% to USD 1670.1 million. But with OPM expand by 330 bps to 22%, the growth at operating profit was 34% to Rs 2725.1 crore. The PBT was up by 29% to Rs 2588.2 crore hit by lower OI and higher depreciation. The taxation was up by 35% to Rs 650 crore and thus the PAT was up by 27% to Rs 1938.2 crore. MI was up by 425% to Rs 2.1 crore and thus the net profit (after MI) was up by 27% to Rs 1936.1 crore.

Management Comment:

Commenting on the performance Mr Sanjay Jalona, Chief Executive Officer & Managing Director said "We are happy to report 9.2% QoQ revenue growth in constant currency. This is our best ever quarterly sequential growth since listing. Our ongoing revenue momentum sets us up to deliver our highest year-over-year growth as a publicly listed company. We continue to have incredible conversions with our customers on their digital transformation journeys."