L&T INFOTECH stands at আয় 57 million and declared a final dividend of Rs 30 per share.
L&T Infotech’s results in the fourth quarter were mixed. The company’s dollar earnings rose just 3%, below expectations. The company’s profit also increased 4% in the fourth quarter. However, the company is confident of good growth in the financial year.
On a quarterly basis, L&T INFOTECH’s profit for the fourth quarter of FY 2022 increased to Rs 637.5 crore from Rs 612.5 crore in the previous quarter. L&T INFOTECH’s revenue increased by Rs 4,301.6 crore in the fourth quarter as compared to Rs 4,137.6 crore in the previous quarter.
A final dividend of Rs 30 per share was also declared for the shareholders. L&T INFOTECH’s fourth quarter revenue of 570 million, compared to its forecast of $ 578 million.
Brokerage of L&T Infotech
Nomura’s opinion on L&T Infotech
NOMURA L&T has given a neutral rating at the time of commenting on INFOTECH and has set a target price of Rs. 5970 per share. He says raising the attrition rate in the short term is the biggest challenge. Revenue growth was lower than expected due to supply constraints. The margin was consistent with the estimate. He estimated FY23-24’s EPS at 3%. Although he prefers persistent system in midcap IT.
Although the income of the ACC has increased, the profit has decreased, now find out, buy, sell or keep stock from brokerage
Goldman Sachs’ views on L&T Infotech
L&T INFOTECH has a sales rating of GOLDMAN SACHS and has a target price of Rs. 4570 for the stock. He says the company’s Q4 results have been predictable. The company’s order book looks strong. In addition, attrition rates for FY23 will be monitored. At the same time, the company won 4 major deals, including $ 80 million from TCV.
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