L&T Technology Services Q1 Results Live : L&T Technology Services announced their Q1 results on 18 Jul, 2024, revealing a 6.97% increase in revenue and a 0.8% rise in profit compared to the same quarter last year.
However, the company experienced a decline in revenue by 2.98% and a decrease in profit by 8.01% as compared to the previous quarter.
The Selling, general & administrative expenses saw a significant increase of 9.24% quarter-on-quarter and 9.6% year-on-year.
Operating income took a hit, down by 10.42% quarter-on-quarter and 2.98% year-on-year.
The Earnings Per Share (EPS) for Q1 stood at ₹29.57, marking a 0.65% increase year-on-year.
In terms of stock performance, L&T Technology Services delivered negative returns of -3.76% in the last week, -10.3% in the last 6 months, and -7.71% year-to-date.
The company currently holds a market capitalization of ₹51326.68 Cr with a 52-week high/low of ₹5873.35 & ₹3920.05 respectively.
Analysts covering L&T Technology Services have varying opinions, with 8 analysts giving a Strong Sell rating, 9 analysts suggesting Sell, 5 analysts recommending Hold, 1 analyst advising Buy, and 1 analyst advocating Strong Buy.
The consensus recommendation as of 19 Jul, 2024, leans towards Sell for L&T Technology Services.
L&T Technology Services Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2461.9 | 2537.5 | -2.98% | 2301.4 | +6.97% |
| Selling/ General/ Admin Expenses Total | 1331.7 | 1219.1 | +9.24% | 1215.1 | +9.6% |
| Depreciation/ Amortization | 72.6 | 74.6 | -2.68% | 57.4 | +26.48% |
| Total Operating Expense | 2078.3 | 2109.3 | -1.47% | 1906 | +9.04% |
| Operating Income | 383.6 | 428.2 | -10.42% | 395.4 | -2.98% |
| Net Income Before Taxes | 432.7 | 471 | -8.13% | 431.1 | +0.37% |
| Net Income | 313.6 | 340.9 | -8.01% | 311.1 | +0.8% |
| Diluted Normalized EPS | 29.57 | 32.16 | -8.05% | 29.38 | +0.65% |