Maintain BUY with TP of Rs 1,520, at 22x FY20E-EPS. L&T; Technology Services (LTTS) posted robust growth and operating performance. Revenue came at USD 169mn, 5.6/33.2% QoQ/YoY in CC with continuity of strong business momentum (6.6% CQGR organic over past three qtrs). EBITDA% stood at 17%, +95bps QoQ, supported by better business-mix (process industry-led growth), higher offshore-mix/ FP-contract and INR depreciation, offset by visa expense and lower utilisation (fresher intake).