L&T Technology’s fourth-quarter net income has somewhat missed the estimates. It was expected to be 3.48 billion rupees but came in at 3.41 billion rupees indicating a marginal increment of 0.3% year on year.
The revenue of the company was recorded at 25.4 billion rupees. This denotes a 7.2% increase year on year, a little short of the expected 25.46 billion rupees.
The estimated EBITDA was 5.14 billion rupees, but it actually reached 5.03 billion rupees, missing the mark a bit.
Analysts had expected the EBIT margin to be 17.4%, but it was found to be 16.9% for this quarter.
Furthermore, the EBIT was recorded at 4.28 billion rupees against the estimate of 4.42 billion rupees.
The attrition rate of the company is currently at 14.8%.
In terms of market opinions, L&T Technology has received six buys, seven holds, and 16 sells ratings.
The comparisons provided are against past results and are based on values reported from the company’s original disclosures.
A look at L&T Technology Services Limited Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
According to Smartkarma Smart Scores, L&T Technology Services Limited is forecasted to have a positive long-term outlook, with a solid standing in key areas. The company scored high in Dividend and Resilience, indicating a strong track record of providing returns to its shareholders and weathering market fluctuations effectively. Additionally, its Growth score suggests potential for expansion and development in the future. Although Value and Momentum scores were more moderate, overall, the company appears to be well-positioned for sustained success in the engineering services sector.
Operating as an engineering services company, L&T Technology Services Limited offers a wide range of design and development solutions across various industries such as industrial products, consumer electronics, medical devices, and automotive. With a focus on the entire product development chain, including sectors like aerospace and telecommunications, the company is well-diversified and positioned to continue providing innovative solutions to its clients.
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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