Business Standard

L&T Technology Services ups revenue guidance on demand uptick

Engineering services firm banks on larger deals to pick up pace

Larsen & Toubro, L&T
Premium

Larsen & Toubro

Debasis Mohapatra Bengaluru
Mid-tier engineering services firm, L&T Technology Services (LTTS) has revised its revenue guidance upwards as the firm sees rising demand for its services across various verticals in coming quarters apart from a healthy deal pipeline. The L&T Group company now expects its revenue in FY19 to grow 21 per cent as compared to 16 per cent as it had guided earlier.

Higher growth in key verticals such as industrial products, process industry and transportation is one of the factors for this upward revision, Keshab Panda, chief executive officer and MD at L&T Technology Services told Business Standard.

"We are expecting this growth

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in