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.
|52 Week High||5,955.50|
|52 Week Low||2,301.00|
|Mkt Cap (Rs. Cr.)||53,560|
|Book Value Per Share||327.40|
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.
|Net Profit 2021 (Rs. Cr.)||666|
|Debt to equity (2021)||0.00|
|Revenue 2021 (Rs. Cr.)||5449|