Analysts believe LTTS would continue to deliver on core business, but SWC adds to uncertainty and would consume management bandwidth for the next two years
Shares of L&T Technology Services Ltd (LTTS) slipped 1.6% on the National Stock Exchange on Thursday, as investors were disappointing with the mid-cap IT company’s June quarter (Q1FY24) earnings performance.
Much like its peers, a delay in decision-making and seasonal impact on its Smart World and Communication (SWC) segment were key factors that weighed on LTTS’ Q1 revenues.
