Post strong performance in Q3FY19, we upgrade LTTS USD revenue growth to 24.5% (earlier 24%) for FY19E. However, we downgrade USD revenue growth for FY20E to 17% (earlier 17.8%, client specific issues) and maintain 15.9% for FY21E. Our USD/INR assumptions are at 70/70.5/72 for FY19/FY20/FY21E. We model our EBIDTA margin assumptions at 17.6/17.9/18% for FY19/FY20/21E. Our EPS estimates are at Rs70.5/75/87 for FY19/20/21E, revised by +2%/-1.5%/+0.2% respectively. Stock trades at 22.3x...