L&T Technology Services revises revenue guidance upwards to 24% for FY19

In the third quarter-ended December, LTTS reported a net profit of Rs 185.6 crore, growth of 47 per cent over the corresponding period of the previous fiscal year

Mid-tier engineering services firm L&T Technology Services (LTTS) has revised its revenue guidance upwards for the second time in the ongoing fiscal year as the company sees rising demand for its services across various verticals apart from a healthy deal pipeline.

The company, which had revised its revenue growth guidance to 21 per cent in Q3 from 16 per cent, is now hopeful of posting 24 per cent annual revenue growth for this fiscal year. This is the second time in a fiscal year, the engineering services firm has revised its revenue estimates upwards.

"After posting healthy top line and bottom line