LTTS reported revenue de-growth of -2.0% QoQ USD 3% below our estimates (Ple:1% QoQ, Cons: 1.2%). Weak revenue growth was on account of steep decline of 8.8% QoQ in plant & engineering. Vertical was impacted by project closures in O&G; segment & we believe this vertical will take longer to revive. Reported EBIT margin at 15.2% was down 160 bps QoQ (Ple/Cons: 17.2%), while adjusted for one-off (contribution to PM CARES fund) was 16.5% (-30 bps QoQ). Margin was impacted by lower revenue but aided by strong currency tailwinds. We expect FY21 margin to be impacted by lower revenue....