L&T Technology Services known as LTTS, subsidiary of L&T group, has reported consolidated net profit of Rs.263 Crore which shows 35% year on year growth compared to Rs.195 Crore in quarter four March 2021. As per the LTTS Q4 results 2022 submitted to the stock exchanges (NSE & BSE) on 21st April 2022.
LTTS Q4 results 2022 March quarter :
The IT-Software & Engineering services provider company LTTS has reported 4% quarter on quarter and 22% year on year growth in net income and 6% quarter on quarter and 35% year on year increase in net profit. The net profit margin remain consistent at 20% and EPS increased to 24.83 from 23.61 in Dec quarter (Q3FY22) 18.54 in the quarter four of 2021 (Q4FY21).
The standalone results of LTTS showing 27% year on year growth while the quarter on quarter return is flat. The company has also announced a final dividend of Rs.15/- per share subject to approval of the shareholders in its next annual general meeting.
Download the LTTS Q4 result PDF file.
LTTS share price dropped more than 3% today to Rs.4100/- as the results could not meet the expectations of the market. But this stock has given return of 55% in the last one year and a multi-bagger 435% return in last five years. LTTS is a midcap to large cap stock with market capitalization of Rs.43000 Cr and currently running at a PE of 45 less than the sector PE of 51. Its current Price to Book ratio is 12.5. LTTS stock price is 16% down in last one month as on closing price of 22 April 2022 and has been corrected more than 30% from its 52 week high of 5955.
LTTS Share Price Chart :
If we look at the candlestick chart of LTTS, the stock is running below its 20 day, 50 day & 200 day moving averages. The RSI is at 26 which is considered as in oversold zone. The stock has broken its support zone of 4200 and looking weak. If the weakness continues then it may fall up to its next support zone of 3500 to 3100 which is a good value buy zone.
[The chart we have presented here is on Zerodha web platform. We personally use Zerodha & Upstox for investing and trading in Indian stock market.]
LTTS stock overview :
L&T Technology Services is a listed subsidiary of Larsen & Toubro Limited operating in the field of IT Engineering Research & Development (ER&D) services. It provides consultancy, design, development & testing services in the field of industrial products, medical devices, transportation, telecom & hi-tech and also in electrical vehicle & semiconductor. It has wholly owned subsidiaries manufacturing telecom products like Esencia Technologies India Private Limited, semiconductor chips manufacturing like Graphene Semiconductor Services Private Limited and IT software & hardware company Seastar Labs Private Limited and proposed amalgamation of these three companies with it.
LTTS is considered as a good midcap to large cap category stock in the IT-Software sector and a good bet for future electrical vehicle theme stock. Currently when most of the Indian auto, telecom and electronics companies are facing problem for semiconductor chip shortage, companies focusing on semiconductor manufacturing are taken as good for long term investment and LTTS could be a good choice in these fields of electrical vehicle & semiconductor stock.
Disclaimer : All the information and data provided here are for educational purposes only and not any type of buy or sell recommendation. Please make you own study and analysis or consult your financial advisor before taking any decision.
