- L&T Technology’s net income for the fourth quarter was 3.11 billion rupees, which is an 8.8% decrease compared to the previous year and below the estimated 3.55 billion rupees.
- Revenue for the quarter increased by 17% year-over-year, reaching 29.8 billion rupees. However, this was still short of the expected 30.36 billion rupees.
- Total costs for the fourth quarter amounted to 26 billion rupees.
- Other income saw a decline of 12% year-over-year, totaling 493 million rupees.
- The dividend declared per share was 38 rupees.
- Analyst recommendations included 14 buys, 8 holds, and 11 sells for L&T Technology shares.
L&T Technology Services Limited on Smartkarma
Analysts on Smartkarma, such as Brian Freitas, have been closely monitoring the developments surrounding L&T Technology Services Limited. In a recent report, Brian notes that Oracle Financial Services has replaced L&T Tech in the Nifty IT Index. This shift comes as OFSS experiences ups and downs, while LTTS has maintained a lower profile. The removal of LTTS from the F&O segment coincides with its exclusion from the Nifty IT Index. According to Brian’s insights, passive trackers will need to adjust their positions in these stocks, with an impact expected to span 1-2 days of delivery volume.
This update signals significant changes within the IT sector, as highlighted by the research on Smartkarma. Analysts like Brian Freitas provide valuable insights for investors seeking to understand the dynamics of companies like L&T Technology Services Limited. The shift in index composition and the exclusion from the F&O segment reflect broader trends that could impact market behavior in the short term. Investors are advised to stay informed about these developments and consider the implications for their investment strategies.
A look at L&T Technology Services Limited Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
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
In a recent analysis using Smartkarma Smart Scores, L&T Technology Services Limited, an engineering services company, has shown promising long-term prospects. With a solid score of 4 in Dividend, the company demonstrates a commitment to rewarding its investors. Additionally, scoring a 4 in both Resilience and Momentum indicates the company’s ability to withstand challenges and maintain positive growth momentum in the market.
Furthermore, L&T Technology Services Limited received a score of 3 in Growth, suggesting a moderate but steady potential for expansion in the future. Although the Value score of 2 implies relatively lower valuation metrics, the overall outlook appears favorable for the company as it continues to provide design and development solutions across various industries with a focus on innovation and reliability.
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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