L&T Infotech(LTI) Q4FY22 and Year Ended result : PAT grew 16.83% to ₹637.5 Cr, net income up 27.61%

Final Dividend of INR 30 per share; Dividend pay-out ratio of 41.9% for the year

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Larsen & Toubro Infotech (LTI), a global technology consulting and digital solutions Company provide service to more than 476 clients succeed in a converging world. With operations in 33 countries, the company, in among the Top 20 Global IT Services companies, has posted its Q4FY22 and Year Ended financial result today. The details are as follows :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹4,435.6 crore in the quarter ended on March 31, 2022 as against ₹3,372.4 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 31.52%.

The company has posted a consolidated Net Profit of ₹637.5 crore in the quarter ended on March 31, 2022 as against ₹545.7 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 16.83%.

The status of the EPS of the company stood at ₹36.27 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹31.04, up by 16.84%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income4435.64237.53372.4
Total Expenses3576.03413.82655.6
Total Tax /(credit)222.1211.2171.1
PAT /(Loss)637.5612.5545.7
*figures are in Crores

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LTI’s reply to BSE – as the exchange sought clarification about the news.

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹16,135.4 crore in the financial year ended on March 31, 2022 as against ₹12,644.2 crore for the financial year ended on Mar 31, 2021, increased by 27.61%.

The company has posted a consolidated Net Profit of ₹2,298.5 crore in the financial year ended on March 31, 2022 as against ₹1,938.2 crore for the financial year ended on March 31, 2021. The PAT surges up by 18.6%.

The status of the EPS of the company stood at ₹130.81 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹110.26, up by 18.63%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income16,135.412,644.2
Total Expenses13,038.010,056.0
Total Tax /(credit)798.9650.0
PAT /(Loss)2,298.51,938.2
*figures are in Crores
Market Times

(III) Key Highlights about the Performance :

i) Q4 FY22

  • Revenue at INR 43,016 million; growth at 4.0% QoQ and 31.6% YoY
  • Net Income at INR 6,375 million; growth of 4.1% QoQ and 16.8% YoY

ii) Full year FY22

  • Revenue at INR 156,687 million; growth at 26.7% YoY
  • Net Income at INR 22,985 million; Net Income growth at 18.6% YoY

Capital Return

  • Final Dividend of INR 30 per share; Dividend pay-out ratio of 41.9% for the year
  • ROE of 28.5% for the year

Other Business Highlights

  • The Board of Directors at its meeting held on April 19th, 2022 have recommended a final dividend
    of INR 30 per equity share (Face value of INR 1) for the financial year 2021-22. Total dividend for
    FY22 is INR 55 per equity share, including the interim dividend of INR 15 and special dividend of INR
    10 per equity share declared in October 2021 and July 2021 respectively
  • LTI has been ranked 22 among the top 25 most valuable IT services brands in the Brand Finance IT
    Services 25 2022 ranking
  • LTI CEO, Sanjay Jalona adjudged the Best CEO 2022 in the IT/ITES category, by Business Today
  • LTI received Gold recognition from EcoVadis for ESG practices including environment, labor and
    human rights, ethics and sustainable procurement
  • Optic by Fosfor Named “Data Catalog Solution of the Year” in 2022 Data Breakthrough Awards
  • LTI Expands its Presence in the USA with a New Engagement Center in Hartford, CT

The stock last hit in BSE,

  • Intraday High of ₹ 5979.75
  • Intraday low of ₹ 5365.00