L&T Technology Services shines on reporting 18% rise in Q4 consolidated net profit
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L&T Technology Services is currently trading at Rs. 3621.70, up by 173.75 points or 5.04% from its previous closing of Rs. 3447.95 on the BSE.
The scrip opened at Rs. 3508.50 and has touched a high and low of Rs. 3643.00 and Rs. 3500.00 respectively. So far 18720 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4316.75 on 02-Dec-2022 and a 52 week low of Rs. 2923.35 on 04-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3643.00 and Rs. 3312.90 respectively. The current market cap of the company is Rs. 38288.95 crore.
The promoters holding in the company stood at 73.85%, while Institutions and Non-Institutions held 15.09% and 11.06% respectively.
L&T Technology Services has reported 20.71% rise in its net profit at Rs 292.00 crore for fourth quarter ended March 31, 2023 as compared to Rs 241.90 crore for the same quarter in the previous year. Total income of the company increased by 21.17% at Rs 1926.60 crore for Q4FY23 as compared to Rs 1590.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 18.12% in its net profit at Rs 310.90 crore for fourth quarter ended March 31, 2023 as compared to Rs 263.20 crore for the same quarter in the previous year. Total income of the company increased by 19.35% at Rs 2146.00 crore for Q4FY23 as compared to Rs 1798.00 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 20.89% rise in its net profit at Rs 1110.40 crore as compared to Rs 918.50 crore for the previous year. Total income of the company increased by 21.34% at Rs 7313.80 crore for year under review as compared to Rs 6027.40 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 22.23% in its net profit at Rs 1174.10 crore as compared to Rs 960.60 crore for the previous year. Total income of the company increased by 22.31% at Rs 8221.60 crore for year under review as compared to Rs 6722.10 crore for year ended March 31, 2022.
