L&T Technology - Upbeat FY25 Aspiration Led By Strong Demand Outlook: Motilal Oswal
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Motilal Oswal Report
We attended L&T Technology Services Ltd.’s Analyst Day, where the management spelt out its aspiration of achieving FY25 revenue of $1.5 billion, along with 18% Ebit margin.
The management indicated that digitisation is driving accelerated spends in engineering research and development and should benefit it due to:
multi-vertical presence, and
solid wallet share.
We expect L&T Technology to deliver strong revenue growth over the coming years and retain it as our top pick in the midcap IT services space.
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