💨 Abstract

Indian engineering and technology firm L&T Technology Services reported a smaller-than-expected third-quarter revenue due to reduced spending from automotive clients. The company's revenue grew 9.6% YoY to INR 26.53 billion ($307.14 million), but missed analyst estimates. Net profit fell 4.1% to INR 3.22 billion due to higher costs.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖