L&T Technology Services gains on reporting rise in Q1 consolidated net profit
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L&T Technology Services is currently trading at Rs. 4887.55, up by 42.35 points or 0.87% from its previous closing of Rs. 4845.20 on the BSE.
The scrip opened at Rs. 4786.00 and has touched a high and low of Rs. 4974.90 and Rs. 4747.40 respectively. So far 17512 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5884.95 on 08-Apr-2024 and a 52 week low of Rs. 3910.00 on 27-Jul-2023.
Last one week high and low of the scrip stood at Rs. 5084.70 and Rs. 4727.30 respectively. The current market cap of the company is Rs. 51875.41 crore.
The promoters holding in the company stood at 73.69%, while Institutions and Non-Institutions held 17.53% and 8.77% respectively.
L&T Technology Services has reported 4.27% rise in its net profit at Rs 312.60 crore for the first quarter ended June 30, 2024 (Q1FY25) as compared to Rs 299.80 crore for the same quarter in the previous year. Total income of the company increased by 10.42% at Rs 2309.90 crore for Q1FY25 as compared to Rs 2091.90 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 0.58% rise in net profit at Rs 313.90 crore for Q1FY25 as compared to Rs 312.10 crore for the same quarter in the previous year. Total income of the company increased by 7.45% at Rs 2524.10 crore for Q1FY25 as compared to Rs 2349.10 crore for the corresponding quarter previous year.
