L&T Technology Services soars on reporting 13% rise in Q3 consolidated net profit
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L&T Technology Services is currently trading at Rs. 5511.20, up by 161.50 points or 3.02% from its previous closing of Rs. 5349.70 on the BSE.
The scrip opened at Rs. 5325.05 and has touched a high and low of Rs. 5545.65 and Rs. 5325.05 respectively. So far 9668 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5567.85 on 15-Jan-2024 and a 52 week low of Rs. 3218.00 on 20-Jan-2023.
Last one week high and low of the scrip stood at Rs. 5567.85 and Rs. 5301.00 respectively. The current market cap of the company is Rs. 58322.54 crore.
The promoters holding in the company stood at 73.75%, while Institutions and Non-Institutions held 16.96% and 9.28% respectively.
L&T Technology Services has reported 14.28% rise in net profit at Rs 321.00 crore for the quarter ended December 31, 2023 as compared to Rs 280.90 crore for the same quarter in the previous year. Total income of the company increased by 10.82% at Rs 2211.50 crore for Q3FY24 as compared Rs 1995.50 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 12.94% rise in its net profit at Rs 336.80 crore for Q3FY24 as compared to Rs 298.20 crore for the same quarter in the previous year. Total income of the company increased by 11.37% at Rs 2484.20 crore for Q3FY24 as compared Rs 2230.50 crore for corresponding quarter of the previous year
