InvestorQ : How do you see the prospects of L&T Tech after the latest quarter results?
Katherine Gonsalves made post

How do you see the prospects of L&T Tech after the latest quarter results?

Answer
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3 months ago


Share prices will high in upcoming period


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Rutuja Nigam answered.
3 months ago


L&T Technology Services reported a 7% increase in Mar-20 net profit at Rs.205 crore while revenues were up by 8% at Rs.1447 crore. For the full fiscal year FY20, profits grew 8% to Rs.819 crore. Operating profit margin (OPM) expanded 50 basis points to 16.5%. Even the CEO admitted that it was a difficult quarter due to challenges posed by COVID-19. Most clients of the company had slowed on order flows as cash flows were extremely tight. In terms of guidance, the company believes that while oil related business will be strained, the medical technologies and telecom verticals should do well.