Ltts percentage rate target: larsen and toubro era offerings (ltts) on tuesday published its quarterly profits record for the 3-month period ended december 31, 2023. The corporation pronounced a net earnings of rs 336 crore, up thirteen in line with cent year-on-year (yoy) from rs 297 crore inside the 0.33 area (q3) of the preceding fiscal.
Sales from operations in q3 fy24 noticed a surge of 12 according to cent yoy to rs 2,422 crore. The profit after tax (pat) for the zone got here at rs 336.2 crore, up 6.6 in keeping with cent qoq and 13.3 in line with cent yoy.
All through the october-december sector, ltts won as many as 6 such offers whose overall agreement cost (tcv) changed into over $10mn.
Ltts share rate goal
Following the upbeat q3 fy24 consequences, brokerages have reiterated their constructive outlook for l&t era offerings stocks.
Motilal oswal has retained its “buy” rating for the inventory, suggesting a goal rate of rs 6,220. The brokerage house, in its record, stated that “digitisation is using the expanded spending in er&d, and ltts should benefit because of its strong abilities, multi-vertical presence, and strong wallet proportion. We count on the organisation to supply strong revenue growth over the approaching years.” the firm also stated that it expects the enterprise spending to improve in comparison to the previous 5 years.
Desire broking encouraged shopping for the inventory, giving a target price of rs 6,090.”ltts is operating on multiple double-digit offers in sdvs, ai, cyber-protection and subsequent-gen verbal exchange with the intention to pressure increase. There may be value takeout and price engineering opportunities on product and supply chain as customers cognizance on better productivity and efficiency. The company has a good pipeline of opportunities across segments and there is an energetic m&a pipeline too,” the brokerage firm said in a be aware.
