- L&T Technology’s net income for the second quarter was 3.2 billion rupees, which is a modest increase of 1.6% compared to the previous year.
- The net income fell short of analysts’ expectations, who had estimated it to be 3.33 billion rupees.
- The company reported revenue of 27.7 billion rupees, marking a significant 16% rise year over year.
- Revenue surpassed the forecasted 25.7 billion rupees, indicating strong business performance.
- Total costs amounted to 22 billion rupees, an 11% increase from the previous year.
- Other income saw a substantial climb of 58%, reaching 650 million rupees.
- The company announced a dividend of 17 rupees per share for its shareholders.
- The current market sentiment includes 4 buy ratings, 6 hold ratings, and 18 sell ratings from analysts.
A look at L&T Technology Services Limited Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts studying the Smartkarma Smart Scores for L&T Technology Services Limited have a positive long-term outlook for the company. The scores indicate that the company performs well in areas such as Dividends, Growth, Resilience, and Momentum. This suggests that L&T Technology Services Limited is poised for sustained growth and financial stability moving forward.
L&T Technology Services Limited is an engineering services company specializing in providing design and development solutions across various industries. With strong scores in Dividends, Growth, Resilience, and Momentum, the company appears well-positioned to weather market fluctuations and capitalize on opportunities for expansion in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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