L&T Technology Services slumps 8% on muted Q4 results and FY25 outlook

Shares of L&T Technology Services were down 8.5 per cent at Rs 4,689 a piece on BSE in Friday’s intraday trade. This comes after the company reported its quarter four earnings for financial year 2023-24 (FY24) and outlook for FY25 on Thursday.

The brokerages were unimpressed by the company’s growth guidance and cut in margins for FY25. Those at, Kotak Institutional Equities noted that revenue growth outlook of 8-

10 per cent for FY2025E was a tad lower than their estimate though a sharp cut to EBIT margin guidance was a surprise.