L&T Technology Services Reports Highest Quarterly Net Profit in Five Quarters
In the quarter ending Sep 2024, L&T Technology Services recorded its highest net profit in the last five quarters at Rs 204.80 cr. The company has also shown a positive trend in net sales and operating cash flow, but there are concerns about the sustainability of non-operating income and a slowdown in profit growth in the last quarter. Experts have given a 'Buy' call for the company's stock, indicating confidence in its future prospects.
Net Profit - Quarterly: Highest at Rs 204.80 cr in the last five quarters.Profit growth has slowed down in the last quarter. Overall, L&T Technology Services has shown a strong financial performance in the quarter ending Sep 2024. The company has seen a significant increase in operating cash flow and has consistently distributed a higher proportion of profits as dividends. Additionally, the company has also shown a positive trend in net sales over the last five quarters.
However, there are some areas of concern, such as the increase in non-operating income, which may not be sustainable, and a slowdown in profit growth in the last quarter.
Despite these challenges, MarketsMOJO has given a 'Buy' call for L&T Technology's stock, indicating confidence in the company's future prospects. With a strong financial performance and a positive outlook from experts, L&T Technology Services is definitely a company to watch out for in the IT software industry. Investors can consider adding this largecap company to their portfolio for potential long-term growth.
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