LTTS share price NSE, LTTS share price target, LTTS dividend record date: L&T Technology Services (LTTS) shares succumbed to selling pressure on Wednesday after the Larsen & Toubro group firm trimmed its revenue guidance for the financial year ending March 2024. The stock of LTTS, an engineering research and development (ER&D) services provider, declined as much as nearly 6 per cent to Rs 4,345 apiece during the session on NSE, even as the company's quarterly numbers met analysts’ expectations. The counter finished at Rs 4,348, down 5.75 per cent on NSE.

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After market hours on Tuesday, LTTS reported a 1.4 per cent quarter-on-quarter increase in consolidated net profit to Rs 315.4 crore for the July-September period. Its revenue grew 3.7 per cent to Rs 2,386.5 crore and EBIT margin stood at 17.1 per cent for the fiscal second quarter, according to a regulatory filing.  

According to Zee Business research, the company’s quarterly net profit was estimated at Rs 311 crore, revenue at Rs 2,385 crore and EBIT margin at 16.1 per cent. L&T Tech Services trimmed its revenue growth forecast for the financial year 2023-24. 

The company said it expects revenue in dollars for the financial year to grow 17.5 per cent -18.5 per cent in constant currency terms, instead of its previous estimate of a 20 per cent jump.   

Here's how the counter moved on Wednesday, October 18: 

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