L&T Technology Services shares rally over 8% post Q4 earnings

Shares of L&T Technology Services (LTTS) on Thursday jumped over 8 per cent after the company reported an 18 per cent growth in its March quarter net profit.

The stock climbed 8.16 per cent to settle at `3,729.35 on the BSE. During the day, it zoomed 8.70 per cent to `3,748. At the NSE, it rallied 7.85 per cent to finish at `3,717.80.

The company’s market valuation climbed `2,971.82 crore to `39,384.97 crore.

L&T Technology Services on Wednesday reported an 18 per cent growth in its March quarter net profit at `309.6 crore. The engineering services company’s post tax net profit in FY23 rose 22 per cent to `1,169.8 crore. For the reporting quarter, the company’s revenues grew 19 per cent to `2,096.2 crore.