India's L&T Technology Services drops on Q4 revenue miss

L&T Technology Services

25/04/2025 06:09

** L&T Technology Services LTEH.NS falls 5.1% to 4,250.70 rupees; set to snap four-session gaining streak

** Engineering and tech firm's Q4 consol net profit slips ~9% y/y; EBIT margin contracts to 13.2% vs year-ago 16.9%

** Revenue, despite rising 17.5% y/y, fell short of estimates

** Centrum says Q4 headwinds from delayed deal ramp-ups impacted revenue

** Adds mobility segment outlook muted in near-term before a potential turnaround in H1 FY26, but resilient tech and sustainability segments will support double-digit growth outlook for FY26

** Emkay cuts PT by 4% to 4,750 rupees; Centrum trims to 4,661 from 5,050 rupees

** Management expects to fare better in FY26 vs FY25 on recently secured deals, strong pipeline

** Expects to improve EBIT margin to mid-16% levels between Q4 FY27 and Q1 FY28

** LTEH down ~10% YTD

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))