Maruti Suzuki India, HCL Technologies, Bajaj Finserv, SBI Life Insurance Company and Shriram Finance would be announcing their quarterly earnings later today.
L&T Technology Services Ltd (LTTS) shares fell 9.48 per cent to hit a low of Rs 4,689.50 on BSE. The LTTS management guided for FY25 revenue growth of 8–10 per cent in constant currency CC terms despite the strong exit rate.
L&T Tech has announced streamlining and simplifying its structure from existing five segments into three main segments to drive growth, scalability and technology innovation
L&T Tech reported a modest 0.2 percent YoY increase in net profit, reaching ₹340 crore, due to slower revenue growth and a reduction in margins. Its revenue grew 5 percent YoY to ₹2,537.5 crore.
Bajaj Finance, Nestle India, Vedanta, Tech Mahindra, IndusInd Bank, L&T Technology and ACC will announce the results for March 2024 quarter later today.