L&T Tech misses Q3 revenue estimates

L&T Group firm L&T Technology Services reported a smaller-than-expected third-quarter revenue on Wednesday, following softer spends from its automotive clients. Its revenue rose 9.6% year-on-year to ₹2,653 crore for the quarter ended December 31, 2024, lower than analysts' expectations of ₹2,665 crore. Its net profit fell 4.1% to ₹322 crore, lagging an estimate of ₹332 crore.

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