Earnings Impact: L&T Technology Services shares surge 9% on strong Q3 performance

Shares of L&T Technology Services (LTTS) surged over 9 percent on Thursday, January 16, following the company’s announcement of its third-quarter financial results. While LTTS reported a 4.1 percent year-on-year (YoY) drop in net profit to ₹322.4 crore, impacted by currency headwinds, the market reacted positively to its record-breaking large deal bookings and robust revenue growth.