L&T Technology Services share down 7%, FY22 Q3 growth below expectation

L&T Technology Services share down 7%, FY22 Q3 growth below expectation

Today, the stock price of Engineering Services Company L&T Technology Services was trading down almost 7%. Yesterday the company declared its FY 22 (Financial Year) Quarter 3 Results.

The profit growth, revenue growth, and margin of the company have all come out less than the expectation of the analysis, this may be the reason that today there is a drop in the stock of L&T Technology Services.

If we look at the results, the company’s net profit rose by 33.7% on YOY (year-on-year) basis and 8.17% on QOQ (quarter-on-quarter) basis. The revenue of the same company increased by 20% on a YOY (year-on-year) basis and almost 5% on a QOQ (quarter-on-quarter) basis.

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52 Week High5,955.50
52 Week Low2,301.00
Sector PE60.02
Face Value2
Dividend Yield0.43
Mkt Cap (Rs. Cr.)53,560
Book Value Per Share327.40

The operating profit margin of the company was recorded at 18.6% and the total at the end of this quarter was 20118. In Quarter 3, the company also secured a deal worth $ 45 million and backed a total of 3 deals with a total contract value of more than $10 billion.

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Net Profit 2021 (Rs. Cr.)666
Debt to equity (2021)0.00
Revenue 2021 (Rs. Cr.)5449
Dividend/Share (INR)22.00
Promoters holding73.93
Face Value2

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